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Why are not rural artisans making
appreciable progress? Rural artisans have always produced for
local markets, which are limited. Besides, the quality may not be good or
uniform. There are large volumes of sales of rural artisans in some exhibitions
and trade shows, though. Marketing on large scale continues to be a problem for
our rural artisans because of inconsistency in their quality. So, what can be done? It is here that NGOs and other modern
management institutions could help rural artisans in marketing their products
or by grading market for their products. What about banks? Banks can help in the uplift of the poor
by providing credit and other financial services to those who have
entrepreneurial skills and abilities. Banks are not meant to be instruments for
distribution of social equality, but having said this I must complement the
entire banking system which has successfully implemented the SHG bank linkage
programme in the country. It shows that the poor can save, can manage their
cash flows and savings and also repay micro-loans under the SHG concept to the
banks. Banks have also contributed
significantly to the empowerment of rural women. These days many rural women
turn into micro-entrepreneurs by producing goods and services that are marketed
in rural India. How do you see the micro-credit movement
in India? Micro-credit in India is not a new
phenomenon and many of the banks have essentially started with micro-credit and
micro-deposits. But with the creation of SHGs there has been a marketing
transaction in banking. How do SHGs work? The core strategy of the SHGs hinges on
enabling the poor, especially women, to collectively identify and analyse the
problems they face in their social and economic environment. The SHG concept is
successful among poor rural women who have mastered their financial planning
and deposit mobilisation, ensuring recovery of the small loans given within the
group members. This has ensured the reduction of transaction cost of banks,
thereby enabling the provision of financial services in a sustainable manner.
Today there are, however, 8.8 lakh SHGs. Today this programme helps 1.40 crore
rural households to have access to micro-finance from banks. And over Rs 2,048
million has been lent by banking system through the SHGs. |
