| IDF SHG Federation |
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- About Federation
- Owned by member-SHGs and receives entire funds of SHGs in accounts opened with it, laws are not violated for public deposits/savings
- Managed by Trustees and funds are in the hands of the trust
- Capable of buying equity in IDF FSPL
- Objectives of Federation
- To inculcate the habit of thrift among the SHG members
- To enable the SHG members to access finance, insurance, provide insurance and other financial services for their mutual benefit
- To conduct training programs for the ‘MEMBER SHG’s in managing their affairs
- Training the SHG members of village towards awareness, economic development, education and empowerment progress in all respect
- To encourage and promote service in social, educational, health and economic development with the holistic approach
- Functions of Federation
- Collect capital contribution from SHGs to the extent of 10% of their borrowing and upload as capital into IDF FSPL
- Use savings for investment in approved investments
- Provide emergency loans to the extent of SHG savings on recommendations of IDF SHG Federations
- Deal with their specific set of SHGs only and will have no transactions with other institutions of Federations or SHGs.
- Governance of Federation
- All SHG through cluster representatives constitute the General Body
- IDF appoints the Chairman Trustee IDF/IDF FSPL to provide financial and operational trustees
- Federation Management
- Two trustees elected from Leaders and will be trained for future management, under strict standards of management
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- Assist organizing the poor into Self Help Groups (SHGs)
- Build the capacity of
Self Help Groups...
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