#SHG loans

[techminsolutions]

Empowering the Backward Classes: An In-depth Look at NBCFDC Loan Schemes

NBCFDC Loan Schemes: The National Backward Classes Finance and Development Corporation (NBCFDC) is a government undertaking committed to the financial empowerment of India’s backward classes. Operating under the Ministry of Social Justice and Empowerment, it aims to provide concessional loans to eligible individuals and groups, enabling them to engage in sustainable income-generating…

[pmegploan]

Best PMEGP loan : Government Support for Starting Your Own Business.

At sharda Associates The Prime Minister's Employment Generation Programme (PMEGP) is a government scheme in India that gives financial help to individuals who want to create small companies. It aims to create jobs and encourage self-employment, particularly in rural and semi-urban areas. Here's a simplified view of the scheme

What is PMEGP?

PMEGP Loan provides financial assistance to people starting new small enterprises by offering a loan with a subsidy. The Ministry of Micro, Small, and Medium Enterprises (MSME) manages it, while the Khadi and Village Industries Commission (KVIC) oversees its implementation.

Key Features:

1 Loan Amount

Manufacturing enterprises might receive up to ₹25 lakh.

Service enterprises, such as beauty salons or repair shops, can receive up to ₹10 lakh.

2 Government subsidy:

Rural areas:

25% of general category applications.

35% for special categories (such as SC/ST, women, and those from the Northeast).

Urban areas

15% for general category applications.

Special categories are eligible for 25% off.

Who can apply?

1 Eligibility:

Any Indian citizen above the age of 18.

Applicants for projects costing more than ₹10 lakh (manufacturing) or ₹5 lakh (services) must have finished 8th grade.

Self-help groups (SHGs), cooperative organizations, and charitable trusts can all apply.

2 Personal Investments:

General candidates must invest 10% of the project cost themselves.

Special category applicants must invest only 5%.

How do I apply?

1 Application Process:\

Apply online using the PMEGP portal at Official kvic Main.

Upload documents such as ID, address verification, educational certificates, and a business plan.

2 Selection and Loan approval:

A District-Level Task Force Committee will contact you to schedule an interview.

Once approved, the bank sanctions the loan and credits the government subsidy to your loan account.

3 Repayment:

The loan must be repaid within 3-7 years, however the subsidy does not have to be paid back.

4 Training:

All PMEGP grantees are required to complete a brief company management training program.

Example of How PMEGP Loans Work

Suppose you wish to start a small manufacturing plant in a rural region for ₹20 lakh.

For those in the general category, the government will provide a 25% subsidy, amounting to ₹5 lakh.

The bank offers a loan of ₹15 lakh, and you simply need to invest ���2 lakh from your savings.

Why is PMEGP beneficial?

project report for PMEGP loan assists people in starting enterprises without the requirement for a large initial investment. This loan is ideal for young enterprises as it requires no collateral (up to ₹10 lakh) and offers long payback terms.

Summary

The PMEGP initiative is a useful approach to start a small business with government assistance, particularly if you come from a rural or underprivileged background. It encourages employment generation and economic development. For additional information, please visit the official PMEGP website or contact your nearest KVIC office.

PMEGP: Helping You Start Your Own Business with Government Support. For details and to reach us, visit https://shardaassociates.in/ contact us : 91 79870 21896 , address : HIG B-59, Sector A, Vidya Nagar, Bhopal, Madhya Pradesh 462026

[colonelrajyavardhanrathore]

Rajasthan’s progressive double engine BJP government dedicated to women’s respect and empowerment: Col Rajyavardhan Rathore

A Vision for Women-Centric Development

Key Highlights of Women-Focused Initiatives

1. Women’s Safety and Security

Ensuring a safe environment for women remains a top priority.

Operation Shakti: A state-wide initiative to combat crimes against women.

Strengthened Legal Framework: Special courts for faster resolution of crimes involving women.

Helpline Support: Dedicated 24/7 helplines to report grievances and seek assistance.

2. Education for Empowerment

The government has focused on improving access to quality education for girls.

Beti Bachao, Beti Padhao: Enhanced efforts to boost enrollment and reduce dropout rates among girls.

Scholarship Programs: Financial aid for higher education, especially for girls from underprivileged backgrounds.

Skill Development Centers: Training programs to prepare young women for competitive exams and vocational careers.

3. Economic Independence through Employment

Programs designed to empower women economically have been transformative.

Women-Led Self-Help Groups (SHGs): Access to loans, markets, and training.

Rural Entrepreneurship: Promotion of women-run enterprises in sectors like handicrafts and agriculture.

Job Reservation: Special provisions in government jobs to encourage female participation.

Col Rajyavardhan Rathore: Championing Women’s Causes

Col Rathore has been a vocal advocate of women’s empowerment, leveraging his platform to ensure that women in Rajasthan benefit from policies designed for their upliftment.

Key Messages from Col Rathore:

Respect for Women is Non-Negotiable: He emphasizes the importance of changing societal mindsets to create a culture of respect.

Empowerment through Opportunity: Advocating for women’s active participation in governance, business, and education.

Focus on Grassroots Engagement: Col Rathore actively participates in outreach programs to connect with women in rural areas.

Double-Engine Growth for Women’s Welfare

The concept of “double-engine growth” refers to the synergistic efforts of the central and state BJP governments working together. This collaboration has amplified the impact of women-centric policies in Rajasthan.

At the Central Level:

PM Ujjwala Yojana: Ensuring women’s health through access to clean cooking fuel.

Mudra Yojana: Financial support for women entrepreneurs.

Poshan Abhiyaan: Comprehensive nutrition programs targeting pregnant women and children.

At the State Level:

Rajshree Yojana: Financial incentives for the education of girl children.

Mahila Suraksha Abhiyan: Awareness campaigns promoting safety and rights.

Women’s Cooperative Banks: Providing easy access to credit and financial literacy.

Impact of Policies on Women’s Lives

The combined efforts of the double-engine BJP government have led to measurable improvements in the lives of women in Rajasthan.

Increased Literacy Rates: More girls are completing school and pursuing higher education.

Economic Empowerment: Women-led enterprises are thriving, contributing to the state’s economy.

Improved Health Outcomes: Access to healthcare services has reduced maternal and infant mortality rates.

Promoting Leadership Among Women

The BJP government has also focused on increasing women’s representation in leadership roles.

Reservation in Local Governance: Encouraging women to take up positions as sarpanchs and ward members.

Training Programs for Women Leaders: Workshops on governance, financial management, and public speaking.

A Progressive Path for Rajasthan’s Women

Under the leadership of Col Rajyavardhan Rathore and the BJP’s double-engine governance, Rajasthan is setting a benchmark in women’s empowerment. The emphasis on respect, safety, education, and economic independence is creating a ripple effect, transforming not only the lives of women but also their families and communities.

As Rajasthan strides ahead on the path of development, the commitment to uplifting its women ensures a brighter, more inclusive future for all.

[sigmaitsoftware25]

Best Microfinance Software Development in Lucknow: SigmaIT Software Designers Pvt. Ltd.

Microfinance institutions (MFIs) play a critical role in promoting financial inclusion by providing essential financial services to underserved populations. However, managing microfinance operations involves complex processes that require efficiency, accuracy, and transparency. SigmaIT Software Designers Pvt. Ltd., a leading best microfinance software development in Lucknow, offers advanced microfinance software solutions to address these challenges and empower MFIs to achieve operational excellence.

Why Microfinance Software is Essential -

Microfinance institutions deal with diverse operations, including loan management, repayment tracking, customer data handling, and compliance reporting. Manual processes can lead to inefficiencies, errors, and delays. Microfinance software automates these tasks, ensuring streamlined operations and better customer service.

Key Features of SigmaIT’s Microfinance Software -

Loan Management System

Simplifies loan application, approval, and disbursement processes.

Tracks repayments and calculates interest automatically.

Supports various loan types, including group, individual, and agricultural loans.

Customer Relationship Management (CRM)

Maintains comprehensive customer profiles.

Tracks financial history and borrowing behavior.

Facilitates personalized customer engagement.

Accounting and Financial Management

Automates ledger management, profit/loss calculations, and balance sheet generation.

Ensures accurate tracking of transactions and financial health.

Mobile Accessibility

Field agents can access and update data in real-time via mobile apps.

Enables remote loan applications, repayments, and customer data management.

Regulatory Compliance

Integrated tools ensure adherence to local and international microfinance regulations.

Reduces risks of penalties and non-compliance issues.

Reporting and Analytics

Generates detailed reports on loan performance, repayment trends, and operational metrics.

Provides real-time insights through an intuitive dashboard.

Multilingual and Multi-Currency Support

Ideal for MFIs operating in diverse regions.

Supports multiple languages and currencies for seamless operations.

Benefits of SigmaIT’s Microfinance Software -

Improved Efficiency

Automates repetitive tasks, reducing manual effort and operational errors.

Enhanced Transparency

Detailed reports and audit trails improve accountability and stakeholder trust.

Cost Savings

Reduces administrative expenses by streamlining processes.

Better Customer Experience

Quick loan processing and personalized services enhance customer satisfaction.

Scalability

Adapts to the growing needs of MFIs as they expand their reach.

Why SigmaIT is the Best Choice for Microfinance Software Development -

Tailored Solutions SigmaIT develops custom software solutions to meet the unique needs of your MFI, ensuring seamless integration with existing systems.

User-Friendly Interface The software is designed for ease of use, enabling both administrators and field agents to navigate effortlessly.

Robust Security Advanced encryption and security protocols protect sensitive data from unauthorized access.

Experienced Team SigmaIT boasts a team of skilled developers with extensive experience in creating software for the financial sector.

End-to-End Support From implementation to training and maintenance, SigmaIT provides comprehensive support to ensure smooth operations.

Applications of Microfinance Software -

Rural Banking Facilitates financial services in remote areas, promoting rural development.

Self-Help Groups (SHGs) Manages group loans, contributions, and repayments efficiently.

Agricultural Financing Supports farmers with flexible loan products tailored to crop cycles.

Urban Microfinance Streamlines operations for small businesses and entrepreneurs in urban areas.

Driving Financial Inclusion with SigmaIT -

SigmaIT’s microfinance software is designed to empower MFIs to serve unbanked and underbanked populations effectively. By simplifying operations and enhancing service delivery, the software plays a pivotal role in promoting financial inclusion and poverty alleviation.

Future-Ready Solutions -

SigmaIT incorporates the latest technological advancements to keep its microfinance software future-ready:

Artificial Intelligence: For predictive analytics and credit risk assessment.

Blockchain: For enhanced security and transparency in transactions.

Cloud Integration: For scalable and cost-effective software solutions.

Testimonials -

MFIs using SigmaIT’s microfinance software have reported significant improvements in operational efficiency, customer satisfaction, and overall growth. Clients appreciate the intuitive interface, robust performance, and responsive support.

Conclusion -

For MFIs in Lucknow and beyond, SigmaIT Software Designers Pvt. Ltd. is the trusted partner for advanced microfinance software development. Their tailored solutions, expert team, and commitment to quality make them the best choice for addressing the unique challenges of microfinance operations.

Empower your institution with SigmaIT’s cutting-edge microfinance software and take your services to the next level. Contact SigmaIT today to learn how their solutions can transform your operations and help you achieve your mission of financial inclusion.

[varun-123s]

Lakhpati Didi Yojana: Empowering Women and Transforming Rural Economies

The Lakhpati Didi Yojana is a groundbreaking government initiative aimed at empowering rural women through financial support, skill development, and entrepreneurship. The program is designed to provide women with the tools they need to become financially independent, contributing to both household prosperity and the economic development of rural India. By fostering self-help groups (SHGs) and providing loans, subsidies, and training, the scheme enables women to start and expand small businesses, helping them achieve the status of “Lakhpati” (millionaire) in a sustainable and community-driven way.

What is Lakhpati Didi Yojana?

Lakhpati Didi Yojana is a government-driven program that seeks to promote economic independence among women in rural India. The initiative encourages women to establish self-help groups (SHGs) and provides them with the financial resources and training needed to run small-scale businesses. With access to loans at subsidized rates, skill development workshops, and community support, this program aims to equip women with the ability to support their families financially while contributing to the growth of rural economies.

Financial Assistance for Women Entrepreneurs

The Lakhpati Didi Yojana provides financial support through grants, subsidies, and low-interest loans, giving rural women the necessary capital to start or expand their small businesses. Whether it's for agricultural ventures, handicrafts, or retail businesses, the scheme ensures that women have the financial backing to succeed.

Benefits:

Accessible financial aid to start or grow businesses.

Low-interest loans and subsidies.

Empowerment through financial independence.

Skill Development and Training

To ensure the success of women entrepreneurs, the scheme offers specialized skill development programs. These workshops teach women business management, marketing, and financial planning, enhancing their ability to run successful ventures and make informed decisions.

Benefits:

Training in essential entrepreneurial skills like financial literacy and marketing.

Workshops on improving productivity and efficiency.

Long-term empowerment through continuous learning.

Promotion of Self-Help Groups (SHGs)

The program encourages women to form SHGs, which provide a support system where resources, knowledge, and risks are shared. These groups create a sense of community, where women help each other succeed, leading to greater overall prosperity.

Benefits:

Fosters a sense of community and shared responsibility.

Reduces individual risk by pooling resources.

Provides ongoing support for business ventures.

Advantages of the Lakhpati Didi Yojana

Financial Independence for Women

The Lakhpati Didi Yojana empowers women by providing them with the financial resources to start and sustain their businesses. By gaining financial independence, women contribute significantly to their household incomes and improve their quality of life.

Boost to Rural Economies

As women run small businesses, they create job opportunities for other members of their communities, driving local economic growth. From agriculture to handicrafts, these businesses generate revenue and contribute to the overall development of rural areas.

Social Empowerment and Leadership

The initiative helps women gain leadership roles within their communities. By taking charge of business operations and decision-making processes, women become role models and inspire others to pursue economic independence, thus changing the social fabric of rural areas.

Frequently Asked Questions (FAQs)

Q1: Who can benefit from the Lakhpati Didi Yojana? A: The Lakhpati Didi Yojana is aimed at rural women, especially those from economically disadvantaged backgrounds, who are interested in starting or expanding small businesses. Women involved in self-help groups (SHGs) are given priority.

Q2: How can I apply for financial support under this scheme? A: Interested women can apply for financial aid through their local self-help groups or community centers, which will help them access loans, subsidies, and other resources offered by the program.

Q3: What kind of businesses can be started with the Lakhpati Didi Yojana? A: The scheme supports a wide range of businesses including agriculture, dairy farming, handicrafts, retail, food processing, and more. Women can choose the business that best suits their skills and interests.

Q4: Is training provided to women under the Lakhpati Didi Yojana? A: Yes, the scheme offers training programs in various aspects of entrepreneurship such as financial management, marketing, and production. This ensures that women have the skills necessary to run successful businesses.

Q5: How does the Lakhpati Didi Yojana contribute to the empowerment of women? A: The scheme promotes financial independence, fosters leadership skills, and helps women take on active roles in their communities. It also provides women with the opportunity to build wealth and create employment opportunities for others.

Conclusion:

The Lakhpati Didi Yojana is a powerful tool for empowering rural women and fostering economic growth in rural India. By providing women with the necessary resources, training, and financial assistance, this program helps them start and grow businesses, achieve financial independence, and contribute to the development of their communities. The initiative not only improves the lives of women but also strengthens rural economies, creating a ripple effect that benefits families and entire villages. The success of this scheme highlights the critical role of women in transforming India’s rural economy, making it a vital program for the future of the nation.

[legalman1]

Unlock New Business Opportunities with the PMEGP Scheme.

Introduction

Brief introduction to the PMEGP Scheme (Prime Minister's Employment Generation Programme).

Aim of the scheme: promote self-employment and small businesses in rural and urban areas.

Highlight the benefits of the scheme for entrepreneurs and the broader economy.

What is PMEGP?

Explain that PMEGP Scheme is a credit-linked subsidy program introduced by the Government of India.

Aim: Generate employment opportunities by supporting micro-enterprises and small-scale industries.

Administered by the Ministry of Micro, Small, and Medium Enterprises (MSME) and managed by the Khadi and Village Industries Commission (KVIC) at the national level.

Key Benefits of the PMEGP Scheme

Financial Assistance

Subsidies ranging from 15% to 35% based on applicant’s category and location (higher subsidies for rural and special categories).

Employment Generation

Job creation in both urban and rural sectors.

Encouragement of Entrepreneurship

Support for individuals with innovative business ideas who lack capital.

Promotion of Sustainable Businesses

Focus on eco-friendly and traditional industries.

Who is Eligible for the PMEGP Scheme?

Eligibility Criteria

Individuals aged 18 or above.

Educational qualifications (minimum 8th grade) required for projects above ₹10 lakh in manufacturing or ₹5 lakh in the service sector.

Special categories: SC/ST/OBC/Minorities, Women, Ex-servicemen, Differently abled persons.

NGOs, Self-Help Groups (SHGs), and charitable trusts also qualify.

How Does PMEGP Work?

Loan Subsidy

Based on a combination of bank loans and subsidies; no collateral required for loans up to ₹10 lakh.

Subsidy and Loan Contribution

Breakdown of subsidy percentages and bank contributions.

Repayment Terms

Details of interest rates, tenure, and repayment flexibility.

Types of Projects Supported

Projects in sectors like agriculture, manufacturing, rural industries, and traditional crafts.

Examples of business activities eligible under the scheme:

Food processing, textiles, handicrafts, carpentry, service sector activities like tourism, etc.

Step-by-Step Guide to Applying for PMEGP

Prepare a Project Plan

Importance of a detailed project report.

Register Online

Step-by-step guide to applying on the PMEGP e-portal.

Submit the Application

Required documents, including ID proof, project report, and category certificates.

Approval Process

Role of KVIC and banks in the approval and disbursal process.

Receiving the Subsidy

Explanation of when and how the subsidy is credited.

Common Challenges and Tips for Success

Possible issues with documentation, project rejection, or delay in approval.

Tips to overcome challenges:

Craft a strong business plan.

Seek guidance from local KVIC offices or online resources.

Ensure compliance with PMEGP guidelines.

Why Choose Legalman for PMEGP Application Assistance?

Overview of Legalman’s support services for PMEGP Scheme applicants.

Benefits of professional assistance: faster application process, error-free documentation, and project planning guidance.

Conclusion

Recap of PMEGP Scheme as a stepping stone for aspiring entrepreneurs.

Encouragement to take the first step and explore Legalman’s PMEGP support services.

[mansijadav]

Namo  Drone Didi Scheme for Women SHGs Launched

The Indian Government has launched the ‘Namo Drone Didi’ scheme. This initiative aims to empower Women Self Help Groups (SHGs) by providing  drones. The scheme is part of the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM). It has an allocation of ₹1261 crores and will run from 2024 to 2026. The goal is to support farmers by offering drone rental services for agricultural tasks.

Objectives of the Scheme

The primary objective is to enhance agricultural efficiency. Drones will be used for spraying liquid fertilizers and pesticides. This technology aims to improve crop yield and reduce operational costs for farmers. The scheme also seeks to create sustainable livelihoods for women in rural areas.

Target Beneficiaries

The scheme targets 14,500 selected Women SHGs across India. These groups will receive drones and training to operate them effectively. The focus is on empowering women and providing them with new income opportunities.

Financial Assistance

The government will provide 80% financial assistance for the purchase of drones. The maximum subsidy is set at ₹8.0 lakhs. Women SHGs can secure loans for the remaining amount through the National Agriculture Infrastructure Financing Facility (AIF). Additionally, a 3% interest subvention will be available on these loans.

Drone Package Details

The drone package includes essential equipment for agricultural use. Each package consists of:

A basic drone with a spray assembly

Drone carrying box – Standard battery set

Downward-facing camera

Dual-channel fast battery charger

Additional tools like an anemometer and pH meter

One-year onsite warranty

Moreover, the package includes spare batteries, propellers, and a comprehensive training program.

Training and Capacity Building

Training is a crucial component of the scheme. One member from each SHG will undergo 15 days of training. This includes drone pilot training and agricultural application techniques. Another member will be trained as a drone assistant, focusing on repairs and maintenance.

Implementation Structure

The scheme will be overseen by an Empowered Committee at the central level. This committee comprises secretaries from various departments, including Agriculture and Rural Development. An Implementation and Monitoring Committee will ensure effective execution and provide guidance.

Role of Lead Fertilizer Companies

Lead Fertilizer Companies (LFCs) will act as implementing agencies at the state level. They will coordinate with state departments, drone manufacturers, and SHGs. The LFCs will ensure a transparent procurement process for drones.

Monitoring and Evaluation

An IT-based Management Information System (MIS) will monitor the scheme’s progress. This Drone Portal will track drone operations, fund disbursement, and overall service delivery. It aims to provide real-time updates on usage and performance.

The scheme is expected to provide sustainable income opportunities for SHGs. It will also introduce advanced technology into agriculture. This initiative aims to enhance productivity, efficiency, and profitability for farmers. The overall goal is to improve rural livelihoods and empower women through technology.

website: popularscientist.com

[ujaglobaladvisory]

Dairy Industry in India - UJA Market Report

India is the world’s largest milk producer

24% contribution to global milk production

India’s milk processing capacity is 126 million liters per day

For a decade, the country’s milk industry has been growing at a CAGR of 5.8%

Milk production in India registered more than 50% increase during the last ten years

Globally, India exported 67,572 million tons of dairy products during the year 2022–2023

80 million people are employed in the dairy sector

The industry contributes 5% to the national economy

Per capita availability of milk is 459 grams per day

Overview: Dairy Sector in India

The top5 milk producing States are Uttar Pradesh, Rajasthan, Madhya Pradesh, Gujarat, and Andhra Pradesh. They together contribute around 53% of total milk production in the country.

The average yield per animal per day for exotic/crossbred is 8.55 Kg/day/Animal and for indigenous/non-descript is 3.44 Kg/day/Animal.

Milk production from exotic/crossbred cattle has increased by 3.75% and Indigenous/ non-descript cattle have increased by 2.63% as compared to the previous year.

The top13 states together contribute around 92% of total milk production in the country

India produced nearly 50% more milk than the US and more than three times as much as China.

The top5 milk producing States are Uttar Pradesh, Rajasthan, Madhya Pradesh, Gujarat, and Andhra Pradesh. They together contribute around 53% of total milk production in the country.

The average yield per animal per day for exotic/crossbred is 8.55 Kg/day/Animal and for indigenous/non-descript is 3.44 Kg/day/Animal.

Milk production from exotic/crossbred cattle has increased by 3.75% and Indigenous/ non-descript cattle have increased by 2.63% as compared to the previous year.

The top13 states together contribute around 92% of total milk production in the country

India produced close to 50% more milk than the US and more than three times as much as China.

India’s Dairy Industry Flow

The Indian dairy sector is divided into the organized and unorganized segments:

Unorganized segment consists of traditional milkmen, vendors, and self-consumption at home

Organized segment consists of cooperatives and private dairies

Indian dairy sector is dominated by an unorganized sector, selling 64% of the marketable surplus

Around 36% of the marketable milk is processed by the organized sector, with cooperatives & Government dairies, and private players contributing 50% each

Amul, the brand of Gujarat Coop Milk Marketing Federation (GCMMF) is the largest dairy co-operative and the largest organized player in India

It is the 9th largest dairy player in the world. It aims to be amongst the top 3 dairy players in the world. Amul plans to add 40–60 value-added products in the next 2 years.

Government & Milk Producers Initiatives

The governmentof India set up a 15,000 Cr fund for offering financial support to set up new units or expand existing units in areas of dairy processing & related value addition infrastructure, meat processing & related value addition infrastructure, and Animal Feed Plants. The benefits available are:

3% interest subvention on loans

2-year moratorium with 6-year repayment period

INR 750 Cr credit guarantee

The Rashtriya Gokul Mission has been extended till 2026 with an The INR 2,400 Cr commitment to boost productivity and milk output, making dairying more profitable for farmers.

50% Capital subsidy up to INR 2 Cr to eligible entrepreneurs, individuals, FPOs / FCOs, SHGs, JLGs, and Section 8 companies for the establishment of breed multiplication farms

Accelerated breed improvement program under the component subsidy of INR 5,000 for IVF pregnancy

National Program for Dairy Development (NPDD) scheme aims to enhance the quality of milk and milk products and increase the share of organized milk procurement, processing, value addition, and marketing. The scheme has two components:

Component ‘A’ focuses on creating/strengthening infrastructure for quality milk testing equipment as well as primary chilling facilities for State Cooperative Dairy Federations/ District Cooperative Milk Producers’ Union/SHG-run private dairy/Milk Producer Companies/Farmer Producer Organizations. The scheme will be implemented across the country for the period of five years from 2021–22 to 2025–26.

Component ‘B’ (Dairying Through Cooperatives) provides financial assistance from the Japan International Cooperation Agency (JICA) as per the project agreement already signed with them. It is an externally aided project, envisaged to be implemented during the period from 2021–22 to 2025–26 on a pilot basis in Uttar Pradesh and Bihar

In September 2023, AMUL had opened its 85th branch in Kutch, Gujarat. This new branch ensures the distribution of the entire range of Amul’s dairy products

In March 2024, Mother Dairy announced that it would invest INR 650 crore to set up two new plants for the processing of milk. The company will also invest INR 100 crore to expand the capacities

In December 2023, Karnataka Milk Federation (KMF) announced that the Company will start buffalo milk sales from December 21 in the country.

Want to know more info, click here https://uja.in/blog/market-reports/dairy-industry-in-india/

[soumen2123]

4 Efficient Ways to Borrow Money in India

There is no telling when you get into a headlong collision with a financial crisis. No matter how careful you are about your financial planning, there are some circumstances out of your hands. We find ourselves standing at a crossroads where there is no option left for us except borrowing money. There could also be some other valid reasons for borrowing money, like buying a house, a car, or funding education. In this blog, we’ll talk about ways in which you can borrow money efficiently, with our primary focus being on online apps and services lending money to their customers. Let’s explore some of these money lending options:

Loan from a Bank: If you’re looking to borrow money, the first thing that anyone can think of is getting a loan from a bank. A personal loan is a fixed amount that you can borrow for a fixed period of time. The interest offered on the borrowed money is usually at a lesser rate.

Credit Cards: There are times when you need to borrow money right now and pay back the amount later. Credit cards help you borrow money when you need it without any documentation, and you’re allowed to pay back in EMIs instead of the entire amount in just one go. Credit card usage among Indians has become popular in recent years and there are several banks and financial institutions offering credit card services that you can select from.

Self-Help Groups (SHGs): This group is an underrated option in the world of borrowing money. It’s specifically targeted at people who live in rural areas and women. This group mainly comprises of women who come together to save and lend money to each other. These women help each other out even when someone is unable to pay back the loan. It’s an effective and commendable initiative taken to help out the poor, especially women who are not well-backed financially.

Line of Credit Apps: If everything is going instant and available online at just a click, then why not get money as instantly as your groceries? The line of credit app is the new buzzword in the financial world. A line of credit app is a borrow money app where you can apply to get a loan and get the amount disbursed into your account almost as soon as your application is accepted. A line of credit offers a limit to the customer that they can use to draw money anytime they want unless the limit is reached. Due to the risk factors and unsecured nature of it, it usually comes with a higher interest rate. To get a line of credit loan, you also need to have a good CIBIL score.

Also, there are a lot of borrow money apps that offer you a good credit limit at zero interest and with a reasonable grace period within which you can pay back the amount. We will list some of these borrow money apps with a credit line offer for you:

1. Cash e App 2. Viva Money 3. Stashfin 4. Casheapp 5. Moneytap 6. Moneyview

Conclusion: The art of borrowing money in our society is as old as time, and every new generation discovers more efficient ways to borrow and lend money. In the digital age, it has become easier and faster to borrow money and to lend money.

[financesaathi]

Rural Sector Slowdown: Impact on BJP's Seat Loss in Uttar Pradesh | upcoming ipo news

The recent loss of seats by the Bharatiya Janata Party (BJP) in Uttar Pradesh has been attributed, in part, to a slowdown in the rural sector. This slowdown, coupled with a K-shaped recovery, has resulted in the BJP losing 63 seats from its 2019 tally at the national level.

Analysis of Agricultural Growth and Economic Indicators:

Agricultural Gross Value Added (GVA) growth slowed to 1.4 percent in FY24, indicating challenges in rural areas. However, the government remains optimistic about the current year's prospects, citing expectations of an above-normal monsoon and improvements in consumption, credit growth, and private capital formation. These factors are expected to drive both employment and investment, although the data does not indicate any systemic risk.

Insights into Growth Drivers and Economic Outlook:

The March 2024 quarter saw year-on-year growth driven by gross capital formation, highlighting its significant contribution to overall growth. Credit data from Self Help Groups (SHGs), Microfinance Institutions, NABARD, and CIBIL scores on small loans do not indicate any systemic risk in household finances.

Despite a slowdown in average private consumption growth rate to 4 percent in 2023-24, there is optimism for improvement in FY25. With a better monsoon and rural income picking up, along with faster growth in private consumption, momentum is expected to improve.

Consumer Confidence and RBI Survey Insights:

Although the Reserve Bank of India's consumer confidence survey rose to its highest level since mid-2019, it does not include rural parts of the country. This highlights the need for a comprehensive understanding of economic indicators and trends to gauge the overall sentiment and outlook.

In conclusion, while the rural sector slowdown presents challenges for the BJP and the broader economy, optimism remains for a turnaround driven by various growth drivers and economic stimuli. Understanding the intricacies of rural economics and consumer behavior will be crucial in navigating the path to recovery and sustainable growth.

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BJP's Strategic Move in Odisha Politics: Targeting Pandian's Wife to Impact BJD's Vote Bank

In the intricate landscape of Odisha politics, a recent development has ignited a fierce debate between the Bharatiya Janata Party (BJP) and the ruling Biju Janata Dal (BJD). The Election Commission’s decision to transfer senior bureaucrat Sujata R Karthikeyan, wife of bureaucrat-turned-BJD leader V K Pandian, from Mission Shakti, has sparked controversy and raised questions about the alleged misuse of women self-help groups (SHGs) for political gains.

The BJP’s complaint to the Election Commission, alleging Karthikeyan’s involvement in public-facing activities during the elections as a “BJD agent,” underscores a strategic attempt to dent the BJD’s stronghold over its rural women vote bank. Mission Shakti, initiated by the Naveen Patnaik-led BJD government, has empowered over six lakh SHGs comprising approximately 70 lakh women across Odisha. These SHGs play a pivotal role in the socio-economic fabric of the state, with the Patnaik government ensuring bank loans and livelihood opportunities for their members.

By targeting Pandian’s wife, who was heading the Mission Shakti department, the BJP aims to disrupt the BJD’s grip on rural women voters, a core support base crucial for the party’s electoral victories since 2000. The transfer of Karthikeyan, considered one of the government’s “most trusted” bureaucrats, to the finance department has intensified the political slugfest between the BJD and the BJP, setting the stage for a contentious electoral battle.

BJP insiders reveal plans to penetrate the SHG network, deeply rooted in every village, to sway support away from the BJD. Allegations of instructions issued to SHG functionaries to mobilize votes for BJD candidates have further fueled the controversy. Unofficial communication channels, including WhatsApp and Telegram groups, have reportedly been used to disseminate instructions, raising concerns about the politicization of SHGs.

In response, the BJD has staunchly defended Karthikeyan, labeling the BJP’s actions as politically motivated. The party highlights the instrumental role of Mission Shakti in empowering rural women and accuses the BJP of attempting to sabotage the program for electoral gains.

As Odisha braces for simultaneous Assembly and Lok Sabha elections, the transfer of Karthikeyan and the ensuing political turmoil underscore the high-stakes nature of the electoral battleground. With both parties vying for supremacy, the fate of Odisha’s political landscape hangs in the balance, awaiting the verdict of its electorate.

Stay tuned as the drama unfolds, shaping the future trajectory of Odisha’s political landscape and the dynamics of power in the state.

[tdpeastgodavari]

N. Chandrababu Naidu Transforms Lives through SHG Initiatives

Under the visionary leadership of N. Chandrababu Naidu, the Telugu Desam Party (TDP) has spearheaded a transformative agenda aimed at empowering women through the facilitation of Self-Help groups (SHGs). This concerted effort to uplift women in Andhra Pradesh has yielded remarkable results, with 21 lakh SHG women provided bank linkage of Rs. 3,284.18 crore, 85 lakh SHG women availing loans totaling 202.45 crore under Stree Nidhi, and 31 lakh SHG women benefiting from an amount of Rs. 422.12 crore under the PasupuKumkuma Programme. These initiatives not only underscore the TDP leader's commitment to women's empowerment but also highlight N. Chandrababu Naidu's visionary approach to inclusive governance.

The establishment and support of SHGs have been integral to the TDP's agenda, reflecting a comprehensive commitment to grassroots empowerment. N. Chandrababu Naidu's leadership has been instrumental in creating an environment where women are not just beneficiaries of economic support but active participants in their own upliftment.The provision of bank linkage to 21 lakh SHG women, totaling an impressive Rs. 3,284.18 crore, is a testament to the TDP's commitment to financial inclusion. N. Chandrababu Naidu's governance philosophy recognises the pivotal role of economic empowerment in fostering sustainable development and reducing socio-economic disparities. The Stree Nidhi initiative, which facilitates loans amounting to 202.45 crores for 85 lakh SHG women, stands out as a cornerstone of the TDP's contribution to providing financial resources for entrepreneurial ventures. This initiative aligns with the TDP's larger agenda of fostering economic self-sufficiency among women, breaking barriers, and promoting financial independence.

The PasupuKumkuma Programme, benefiting 31 lakh SHG women with an amount of Rs. 422.12 crore, showcases the N Chandrababu Naidu commitment to addressing not just economic but also social aspects of women's empowerment. N. Chandrababu Naidu's leadership recognises the multifaceted nature of empowerment, and these initiatives strive to create a holistic impact on the lives of women in Andhra Pradesh. The latest  news highlighting the success of these SHG initiatives reaffirms the TDP's commitment to transparent and people-centric governance. As women across the state continue to reap the benefits of these programmes, they emerge not just as beneficiaries but as active contributors to the socio-economic fabric of Andhra Pradesh.On the continuum of TDP's achievements, the success of SHG initiatives stands as a shining example of N. Chandrababu Naidu's vision for inclusive and transformative governance. 

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PM Modi launches Mahtari Vandan Yojana in Chhattisgarh

PM Modi launches Mahtari Vandan Yojana in Chhattisgarh

https://nm-4.com/yCb3Tq

via NaMo App

“When mothers and daughters get strong, the family gets strengthened and the welfare of the mothers and daughters is a priority for our government”, the Prime Minister said. Women are getting pucca houses and Ujjwala Gas Cylinders in their name. 50 percent Jan Dhan Accounts are in the name of women, 65 percent Mudra Loans have been availed by women, more than 10 crore SHG women have benefitted and more than 1 crore women have become lakhpati Didis. The Prime Minister reiterated the goal of 3 crore Lakhpati Didis. PM Modi told them that Namo Didi programme is changing lives and tomorrow he will hold a major event in this regard.

[sigmaitsoftware25]

Best Microfinance Software Development Company in Lucknow

Microfinance institutions play a crucial role in empowering underserved communities by providing financial services. To ensure smooth operations, robust software is essential for managing loans, client data, and financial processes. Among the leading IT companies, SigmaIT Software Designers Pvt. Ltd. stands out as the best microfinance software development company in Lucknow. Their innovative solutions streamline operations and enable organizations to deliver financial services efficiently.

Why Choose SigmaIT for Microfinance Software Development?

SigmaIT combines advanced technology with in-depth industry knowledge to develop software that meets the unique requirements of microfinance institutions. Their software is user-friendly, scalable, and designed to optimize financial processes while maintaining compliance with regulations.

Here’s why SigmaIT is the preferred choice:

Expert Team: Experienced developers specializing in financial software.

Customized Solutions: Tailored software to meet specific business needs.

Affordable Pricing: Cost-effective solutions for organizations of all sizes.

Scalability: Software that grows with your institution.

Post-Development Support: Dedicated support to ensure seamless operation.

Key Features of SigmaIT's Microfinance Software -

Comprehensive Loan Management Streamline the entire loan lifecycle, from application and approval to disbursement and repayment tracking. Automate processes to minimize manual errors and improve efficiency.

Client Information Management Maintain detailed profiles of clients, including personal information, financial history, and loan records, in a secure and centralized database.

Repayment Scheduling and Monitoring Automate repayment schedules and monitor collections with alerts and notifications to ensure timely payments and reduce defaults.

Accounting and Reporting Generate detailed financial reports, including income statements, balance sheets, and cash flow analyses, for better decision-making and regulatory compliance.

Multi-Branch Support Manage operations across multiple branches with centralized control and real-time data synchronization.

Mobile Integration Provide mobile-friendly access for clients and field agents, enabling financial inclusion and on-the-go management.

Secure Transactions Ensure the safety of sensitive financial data with advanced encryption and security protocols.

Regulatory Compliance Built-in features to comply with local and global financial regulations, ensuring transparency and adherence to standards.

Benefits of SigmaIT’s Microfinance Software -

Enhanced Efficiency: Automates repetitive tasks, allowing staff to focus on strategic goals.

Cost Savings: Reduces operational costs by optimizing processes.

Improved Accuracy: Minimizes errors through automated calculations and data validation.

Real-Time Insights: Access to real-time analytics for informed decision-making.

Better Customer Experience: Faster loan processing and improved service delivery enhance client satisfaction.

Industries Served -

SigmaIT’s microfinance software is designed to serve:

Microfinance Institutions (MFIs)

Non-Governmental Organizations (NGOs)

Self-Help Groups (SHGs)

Cooperative Societies

Credit Unions

What Sets SigmaIT Apart?

Tailored Solutions Every institution has unique requirements, and SigmaIT excels in developing customized software that addresses specific challenges.

Proven Expertise With years of experience in financial software development, SigmaIT has a deep understanding of the microfinance sector.

Cutting-Edge Technology Leveraging the latest tools and technologies, SigmaIT ensures that its software is innovative, secure, and future-ready.

Commitment to Quality SigmaIT maintains high standards throughout the development process, delivering reliable and high-performing solutions.

Client-Centric Approach From initial consultation to post-deployment support, SigmaIT prioritizes client satisfaction and long-term partnerships.

Driving Financial Inclusion in Lucknow -

Microfinance institutions in Lucknow are vital for promoting financial inclusion and economic empowerment. SigmaIT Software Designers Pvt. Ltd. supports these institutions by providing advanced software solutions that simplify operations, reduce costs, and improve service delivery. Their expertise enables MFIs to extend their reach and make a greater impact on the community.

Client Success Stories -

SigmaIT’s microfinance software has empowered numerous organizations to achieve their goals. Clients praise its intuitive design, robust functionality, and excellent customer support. By partnering with SigmaIT, institutions have experienced increased productivity, reduced costs, and better financial management.

Conclusion -

For microfinance institutions looking to enhance their operations, SigmaIT Software Designers Pvt. Ltd. is the trusted partner. Their comprehensive software solutions combine innovation, reliability, and affordability, making them the best microfinance software development company in Lucknow.

Whether you are a small organization or a large institution, SigmaIT’s expertise can help you deliver financial services more effectively. Choose SigmaIT to empower your microfinance institution and drive growth in the digital age.