India - Post-Tsunami Sustainable Livelihoods Programme (PTSLP) - December 2020
A loan data sheet hangs on a wall of the lighthouse at Tiruvallur District, Tamilnadu where the members of the Panchayat-Level Federation (PLF) group attend monthly meetings. PTSLP has facilitated sustainable credit linkages to self-help groups and joint-lending groups by making financial institutions recognise the monitoring role played by PLFs and fisher federations. As BDCs, PLFs / fisher federations earn a performance based commission which is a major source of income for them. While financial institutions have been forging BDC arrangements with NGOs and body corporates, Business Development Correspondents contracts with community owned institutions especially PLFs (231 out of 236 PLFs have BDC arrangement) has been a path breaker. Bankers, convinced of capacity development measures of PTSLP for SHGs, JLGs and PLFs, have forged MOU (Memorandum of Understanding) with PLFs. Scaling up by banks will depend on the continuing capacity and discipline of PLFs.
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