shree nidhi credit co -operative federation limited is promoted by the government and the
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Sthree Nidhi Credit Cooperative Federation, which was set up for women self-help groups (SHGs) a year ago as an alternative low-cost delivery solution to the private microfinance lending in Andhra Pradesh, is planning to expand its credit portfolio to Rs 1,500 crore in the current financial year.
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Shree Nidhi Credit Cooperative Federation (SNCF) Ltd., is promoted by the Telangana Govt. and the "Mandal Samkahyas" to "supplement credit flow" from the banking sector and is the Telangana govt.'s flagship program.
Explanation:
- SNCF offers affordable and timely credit to women's self-help group (SHG) as a part of the general strategy of the Society for Elimination of Rural Poverty (SERP) for assuagement of poverty.
- SNCF is extends credit to these SHGs even in remote areas of the state within 48 hours to meet credit necessities for emergencies such as education, health, and for other income generation requirements such as dairy, agriculture, and other activities.
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