Place: Devaraja Mohulla
District: Salem
State: Tamil Nadu
Intervention:
Om Shakti Group, Devaraja Mohulla, Mysore has been doing a creative business of making and selling different ranges of Photo Frames with the help of credit from wholesalers, who in turn compensated the advance with less remuneration. Learning about NABFINS linkage from other SHG groups who have been credit linked by NABFINS in their area made them approach TARDO NGO for support. After successful induction with the NGO, they received a loan amount of 24,80,000 from NABFINS which was utilized to buy material and pay back the credit to a wholesaler. Now the SHG members sell to wholesalers who give them the best prices.
