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Financial Inclusion through Neighbourhood Groups


The data on financial inclusion through Neighbourhood Groups (NHGs) from 2019-20 to 2022-23 indicates steady growth in NHGs and their membership, with NHG members increasing from 45.1 lakh in 2019-20 to 48.02 lakh in 2022-23. The amount of thrift has also risen, peaking at ₹532 crore in 2022-23. Bank-linked NHGs saw fluctuations, with a significant surge in 2020-21 (2.5 lakh) but a decline in 2021-22 before rebounding in 2022-23 to 93,080. Bank loan disbursement showed an upward trend, reaching ₹6,550.8 crore in 2022-23, highlighting improved credit access. Internal loans followed a similar pattern, indicating increased financial activity within NHGs. Overall, the data suggests growing financial inclusion and enhanced access to credit facilities for NHG members.