Finance:
The authorised share capital of the company is Rs.1 crore, with a subscribed and paid up share
capital of Rs 78.42 Lakhs of this Rs.40 lakhs is held by the Government of Tamil Nadu and Rs.38.42
Lakhs by the Government of India.
A large part of the activities of the corporation are conducted through selected Non-Governmental
Organisations and other Training Institutions. Funds are obtained from Government of Tamil Nadu through
Budgetary allocations for specific projects and covered by sanctions through Government Orders. As the
organisation operates for a developmental cause, the concept of organisational profitability is not relevant.
No losses have been incurred since inception and there are accumulated reserves.
The head office in Chennai, also called the Project Management Unit (PMU), plays a key role at the state level
in implementation of various projects.
For implementation of Mahalir Thittam, district offices were established over the last several years. The district
level PIUs are headed by a Project Officer (PO) assisted by Assistant Project Officers (APOs) in the functional areas
of training, livelihood, monitoring, administration and other schemes,. There is a District Project Coordination Committee
(DPCC) headed by the District Collector for coordinating between the different partners working on the project and for
promoting convergence of services of the different departments.
The Background:
The need of digitisation of records of SHGs has been felt for quite some time due
to irregularities and delay in maintenance of books of accounts. Transparent and
proper maintenance of records of SHGs will facilitate in nurturing and strengthening
of SHGs.
Digital empowerment will help in bringing SHGs on a common web based e-platform
by making book keeping easy for low literacy clients. This will help in promoting
national agenda of Financial Inclusion and pave the way of credibility of SHG data
which can later be used by Credit Bureaus to reduce the issues related to multiple
financing by banks.
Components of the Project:
- Mapping of the existing SHGs in the district (bank wise, branch wise);
- Training of volunteers to collect SHG wise/ member wise data;
- Data feeding through a customised software in central server;
- Hosting of data on the web under a dedicated website ;
- Maintaining data centre and data recovery centre;
- Generating MIS for various users.
Output and MIS:
- Member wise details of SHGs on saving, lending, attendance;
- Financial statement of SHGs - Balance sheet and Profit and Loss account;
- Grading chart of SHGs;
- Audit report;
- Bank linkage details - savings and credit disbursement;
- Other periodical MIS on performance of SHGs.