Write a letter to the Chairman of all the Regional Rural Banks conveying its decision to refinance them so that they may sanction their loans to women SHGs.
(In about 150 words)
N-35, BandraKurla Complex,
NABARD Head office,
Mumbai-400051
18/09/2020
Master Direction: XYXXXX
The Chairman
Regional Rural Banks
Madam/Sir,
Subject: Refinance Scheme to promote Women SHGs
With 1.3 billion Indians in the midst of an unprecedented 40-day lockdown to defeat the coronavirus, the collective strength of women’s self-help groups (SHGs) has come to the fore.
In over 90 percent of India’s districts, away from the limelight of the cities, SHG women are producing facemasks, running community kitchens, delivering essential food supplies, sensitizing people about health and hygiene and combating misinformation.
That Women SHGs should grow more penetrating even to the remotest areas, NABARD has conceived a Special Refinance Scheme to encourage banks to create sustainable livelihood and employment opportunities for rural women under Atmanirbhar Bharat Abhiyan by funding a sum of Rs. 25,000 crore.
Under this Refinance Scheme, NABARD has decided to extend concessional long term refinance to all RRBs at 4% to accelerate capital formation in promoting SHGs.
We request you to widely publicise the scheme in your bank and take advantage of concessional refinance. We advise you to be in touch with our Regional Offices for further guidance and information on the subject.
Yours faithfully,
Chief General Manager
XYZ