SHGs and Federations

SHGs and Federations:

NAMCO has been involved in the promotion of women SHGs ever since the concept evolved in the late ‘90s. NAMCO partnered with the Tamil Nadu Corporation for Development of Women and nurtured a number of women SHGs in the district of Nagapattinam. In the initial years, the focus has been largely on enabling access to financial services. NAMCO facilitated such linkages with HDFC Bank for a few years. Later on, NAMCO identified other opportunities for such linkages including Opportunity Microfinance India (OMI), TdH, Netherlands etc. To date, NAMCO has facilitated linkages to the tune of about Rs. 300 million cumulatively. A vast majority of these linkages has been used for strengthening the livelihoods of the people.

 

  • Surabi SHG Federation: During 2014 – 16, NAMCO partnered with CARE India, an international development organization and implemented a project entitled “Banking on Change”. This project aimed at strengthening the SHGs and federating them as a strong, vibrant and financially sustainable people institution. In 2014, NAMCO promoted and registered the ‘Surabi SHG Federation’ under the Tamil Nadu Societies Registration Act. NAMCO has invested heavily in building the skills and capabilities of the SHGs and their federation, which resulted in improving their access to credit and other financial services, while also leveraging support for promotion of livelihoods.

“Happiness doesn’t result from what we get, but from what we give” – Ben Carson