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Nabard tries out fintech alliance to support SHGs

The National Bank for Agriculture and Rural Development (Nabard) has forged a partnership with firm Arthimpact Digital Loans (ARTH) for providing end-to-end fintech solution including skilling, micro financial services and forward linkage support to self-help group members.

While Nabard has been in the forefront of SHG movement, ARTH provides credit, payments and insurance solutions to micro-MSME enterprises. The fintech firm plans to provide financial and technical support in partnerships with specialized entities across occupations to 500 enterprises across Uttar Pradesh impacting 2500 households.

“We are trying out a new idea on the ground,” Nabard deputy managing director PVS Suryakumar told
ET. “World over, innumerable enterprises have faced an existential threat following the pandemic. We are collaborating with ARTH for providing an end-to-end fintech solution to include skilling, micro financial services, and forward linkage support to build sustainable nano enterprises,” he said.

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