Programs

Priyasakhi Mahila Sangh's Financial Inclusion and Awareness Programme is an ongoing initiative that has made a significant impact on various target groups. Through community meetings and Panchayat gatherings, they have successfully raised financial awareness among 38,350 individuals. The program focuses on spreading knowledge about Self-Help Groups (SHGs), savings, loans, life insurance, and pension plans. As a result of these efforts, 40,370 people have become associated with Jeevan Bima Nigam and Sukshm Beema, while also obtaining individual bank accounts.

In parallel, Priyasakhi Mahila Sangh continues to operate its SHG Bank Linkages Program, which benefits more than 30,500 families. This initiative provides vital financial and developmental services, resulting in over 130 crores in credit disbursed and promoting savings exceeding 60.70 crores through SHGs. The program is further enhanced through the Capacity Building Programme sponsored by NABARD. It encompasses Member Training, Leader Training, SHG Bank Accounts, Members' Bank Accounts, and SHG Credit Link Procedures.

The impact of their SHG Bank Linkage Programme in terms of internal lending and credit linkage is substantial. In 2018-19, it involved 1,235 SHGs undertaking internal lending, with 750 SHGs linked to banks for credit. The program concluded with 1,250 credit-linked SHGs, with a total credit outstanding of 1,430 lakh INR. In 2019-20, the numbers increased significantly, involving 1,850 SHGs in internal lending and 1,150 SHGs linked to banks for credit, concluding with 1,875 credit-linked SHGs and 1,545 lakh INR in total credit outstanding. In 2020-22, the program continued to expand, with 3,500 SHGs undertaking internal lending, 1,950 SHGs linked to banks for credit, resulting in 2,700 credit-linked SHGs and 1,760 lakh INR in total credit outstanding.

Moreover, Priyasakhi Mahila Sangh has appointed SHG members as Bank Sakhis for the Madhya Pradesh Gramin Bank (MPGB) RRB. These dedicated individuals serve 85,300 households across 185 villages in four blocks of the Indore District of Madhya Pradesh. They provide various banking services, including account-related activities, recovery notices, insurance, pension promotion, and ensure the timely and quality services of the cooperative through their BC center.

Furthermore, the organization has conducted a multitude of Financial Literacy and Education Training sessions and workshops. Over 350 training sessions have been organized, benefiting 11,500 individuals. These sessions have been conducted under different projects and programs sponsored by various organizations and funding agencies.

In essence, Priyasakhi Mahila Sangh's Financial Inclusion and Awareness Programme have had a far-reaching impact, both in terms of spreading financial knowledge and enabling communities to access essential financial services.