N.S. Parihar

This year has been a year of growth coupled with efficiency for Shakti Mahila Sangh (SMS).SMS could expand to 814 villages building membership base of 28, 540 women with a permission to operate in seven districts of Madhya Pradesh. Operationally we focused on expanding in the two new branches opened during 2017-2018. As on 31st March 2019, the gross portfolio outstanding was INR 38.1 crore which is 22% more than as on March 2018. This year, we focused on increasing our own portfolio and achieved 65% of the gross portfolio (INR 24.65 crore) as own portfolio. This year, SMS reduced its dependence on BC portfolio stricting its BC portfolio to 35% of total portfolio. SMS has doubled its deposits from INR 4.9 crore as on March 2018 to INR 8.2 crore as on March 2019 with increasing the average deposit per member to double its value during the last 12 months and introduction of daily deposit product. SMS has launched a new saving product wherein the members can save daily deposits of Rs 30/50/100 for a period ranging from 1-2 years.