Linking SHGs to NABARD E- Shakti Portal
Eshakti is a project that was launched by the National Bank of Agriculture and Rural Development (NABARD).
The project focuses on the digitization of all the members of Self-Help Group (SHG) in India and aims to bring all SHG members under the fold of financial inclusion thereby helping them access wider range of financial services and capture the demographic and financial profiles of members, including their identification data like Aadhaar or Electoral Photo Identity Card.
Features of the e-Shakti:
• Regular updates on transaction data
• Online bookkeeping or e-book keeping for SHGs
• Inbuilt Automatic Grading of the groups according to the NABARD norms
• Every member of Self-Help Groups has the advantage of accessing all social and financial information using e-Shakti software
For Tuensang and Kiphire districts, ECS took the initiative as the implementing agency by covering a total of 320 SHGs from two districts i.e., 260 from Tuensang and 60 from Kiphere.
The Eshakti mobile application records all the SHG activities like meeting dates, meeting minutes, savings, loan transactions, etc. which eases the SHGs in the maintenance of their books of account as well as generate a monthly statement which record monthly transaction of the group. The most dynamic feature of the Eshakti is that it generates the loan application of the group for bankers by the apps itself.