Nabard Ropes In Postal Dept For Greater Reach

Plans to increase number of SHGs to 1.5 lakh in TN this fiscal

National Bank for Agriclture and Rural Development (Nabard), Chennai, expects to expand the network of self-help groups (SHGs) to 1,50,000 by the end of the current financial year from 1,10,000 SHGs in 2002-03.

Nabard also plans to rope in post offices as a platform of network to increase its reach to micro-finance given to SHG. Addressing a press conference, C R Patnaik, the CGM of Nabard, Chennai, said: