Microfinance Vision & SHGs Bank Linkage : An Arunachal Pradesh Scenario

When we talk of fighting the problem of poverty, the only answer is to create broad base economic growth by involving large number of women that will not only bring the changes in individual but also in family, community and institutions. They must be empowered to think independently and organize themselves to fight against the forces that oppress and subordinate them. In the year 2008 the government of Arunachal Pradesh decided to adopt Microfinance vision 2011 with the target to promote 5000 SHGs within three years i.e. 2011. But till date only 1626 SHGs are form and promoted under Microfinance Vision 2011 and very low bank linkages of these SHGs. No doubt Microfinance Vision 2011 is gathering momentum to become a significant force in rural areas, but still the vision is far behind to achieve its goal. There may be gaps in understanding the socioeconomic background of the tribal people of the state by the policy maker. Hence this paper is an attempt to study the progress made in the microfinance vision 2011 – Arunachal Pradesh and highlight the problem faced by SHGs with specific reference to bank linkage programs, suggestion and recommendation with regard to SHG bank linkages in Arunachal Pradesh for the holistic development of the people