Question

What is the name of the community based microfinance organization floated by Mandal Samakhyas along with the Government of Andhra Pradesh ?
1. Naandi
2. Stree Nidhi
3. Jattu
4. Velugu

Answer 1

Correct Answer - Option 2 : Stree Nidhi

The correct answer is Stree Nidhi.

• Streenidhi Mahila Bank
  • Stree Nidhi credit cooperative Federation Ltd. was promoted by the Government of Andhra Pradesh(AP) and Mandala Mahila Samakhyas to provide Livelihood Finance to SHG women.
  • Stree Nidhi is a flagship programme of the Government of AP.
  • Stree Nidhi provides timely and affordable credit to the poor. SHG women as a part of the overall strategy of SERP for poverty alleviation.

• SHGs are comfortable accessing hassle-free credit from Stree Nidhi as and when they require and therefore do not see any need to borrow from other sources at usurious rates of interest.
• Stree Nidhi is in a position to extend credit to the SHG women even in far-flung areas of the state within 48 hours to meet credit needs for Livelihood activities.
• As credit availability is linked to the grading of MS and VOs, the community is keen to improve the functioning of the same to access the higher amount of credit limits from Stree Nidhi.