RBI Issues Updated Master Circular on ‘SHG-Bank Linkage Programme’
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Master Circular No. RBI/2024-25/05 FIDD.CO.FID.BC.No.1/12.01.033/2024-25; Dated: 01.04.2024
RBI has issued the updated Master Circular on the ‘SHG-Bank Linkage Programme’, incorporating all the existing guidelines/instructions to banks from time to time. The Self-Help Groups (SHGs), whether registered or unregistered engaged in promoting savings habits among their members are eligible to open savings bank accounts with banks. Further, bank lending to SHGs should be included in the branch credit plan, block credit plan, district credit plan and state credit plan of each bank.
Click Here To Read The Full Circular
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