Gram Sabha credit cards were issued to villagers of Nainpur block of tribal Mandla district. With these credit cards villagers will be able to get credit and a gram sabha will be able to function as a micro-finance institution.
Jaltare village, has 350-plus population, the gram sabha has issued credit cards to poor families. Till now, 30 gram sabha credit cards have been issued. At least in 50 cases small loans have been given.
The gram sabha credit card is a simple credit card unlike those of national banks credit card, having basic details including name and assets.
The credit card has certain rules according to which credit will not be given for marriage, purchasing vehicles and house construction. The amount is chiefly to be used for earning livelihood.
According to office release Madhya Pradesh Rural Livelihood project provides funds to the gram sabha, which is operating in about 3,000 villages in nine tribal districts. Mandla is one of them. The others are Jhabua, Dhar, Barwani, Alirajpur, Sheopur, Dindori, Shahdol, and Anuppur.