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Transforming Lives of Tribal Women through Micro Credit Finance

Being a SHG member is social status and pride to the women in the rural areas of the Telangana and Andhra Pradesh states. The State of Andhra Pradesh is a pioneer in the SHG movement; the SHG movement is playing a significant role in the lives of rural people in both the states even after the bifurcation of Andhra Pradesh. Stree Nidhi being part of this SHG movement played a crucial role in micro credit lending to the members of the SHG in the southern states. Stree Nidhi which is channeling agency for NSTFDC especially for the micro credit scheme has been facilitating SHG groups get financial support for lesser interest rates and at regular higher doses of loans through which its women members can set up different small scale projects and works for their livelihood. SHGs has provided the rural and tribal women a base and platform to step on the economic ladder otherwise lives of these women in rural areas are about living on the margins. One such story is seen in the heartland of Adilabad district Utnoor Village. SHG has given a crucial platform for R.Kavitha to become financially sufficient to carry life forward as her husband abandoned her a few years back with two children. Today R.Kavitha is a proud owner of Kirana store in X Roads Utnoor Alidabad which she started with loan availed being member in the SHG one decade back. She started the Kirana store named DhanaLaxmi Kirana with Rs. 50000 and slowly expanded her business by availing loans from Stree Nidhi repeatedly by promptly repaying the loans. Today she is running the Kirana Store successfully which she had started single handedly in her own house. Recently she had taken a loan from Streenidhi of Rs. 300000 of which Rs. 50000 is refinance from the NSTFDC micro credit scheme. She belongs to the Lambada ST community and is 38 years old with a minimum education of 10th Standard. Today she is earning a monthly income of Rs. 2000025000 from the shop. With sheer entrepreneurial determination she was able to achieve the success with the help of continuous and robust support from the SHG and being SHG member also helped her to gain confidence and given her financial understanding also. Through the income from the unit she is able to provide education for her children without any struggle and is able to provide a good quality of life to them. Her family standard of living has changed to a large extent and she feels pride in making her own journey in her own terms and conditions without depending on others.

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