Nav Bharat Jagriti Kendra

Nav Bharat Jagriti Kendra

Microcredit department of NBJK, Hazaribag has organized its annual review meeting on 15 – 16 May. This had an agenda to analyze the achievements of the program for the year 2014 – 15 and to agree on the target to be reached during current fiscal year. The meeting was attended by all 22 members of the program team for Sadar I, Sadar II, Ichak, Barkagaon and Chouparan blocks of Hazaribag district. Mr. Sudhir Kumar Upadhyay (Program Manager) has welcomed all participants, greeted them for their works on the ground and made them aware of various challenges emerging from the field. He has warned about Multi-lending practice by the groups when they avail credit from different agencies at a time and couldn’t do justice with the resources available due to overlapping and collision of business plans. The review meeting was graced by Mr. Girija Satish (President, NBJK) who expressed his concern over the problem of regulations for MFIs and cited for a clear legal framework to avoid any misunderstanding. He awarded Mr. Shivnath Rana (Credit Officer, Sadar block) as all-round best performer of the year, Mr. Ajay Kumar Gupta (Credit Officer, Ichak block) for highest growth rate and Mr. Naveen Kumar Mishra (Credit Officer, Chouparan block) for best group structure & record keeping. Its worth mentioning that the program has covered 4435 members of SHGs and JLGs with a total disbursement of Rs. 8.65 crore with 99.9% repayment rate. We are all set to dispense Rs. 9.86 crore among the groups this year, Mr. Sudhir Upadhyay has informed after the meeting that discussed over monetary policy of RBI, MUDRA Bank and other related developments too.