Online edition of India's National Newspaper
Monday, Aug 13, 2007
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Online edition of India's National Newspaper Monday, Aug 13, 2007 ePaper |
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Tamil Nadu
Staff Reporter
Women SHGs prompt in paying back loan amount to banks SHGS cautioned against third parties, asked to approach banks directly
TIRUPATTUR: Nationalised banks must come forward to set up a separate financial assistance wing to extend loan benefits to Self-Help Groups who intended to start their own business, Vellore District Collector Dharmendra Pratap said here on Sunday. Participating in a function organised by the Indian Bank here to distribute loans to the tune of Rs.3.81 lakh to 750 SHGs, the Collector said the SHGs spent a lot of time availing themselves of loans from banks, resulting in delays in their regular work schedules. “I will appreciate if the banks come forward to extend loans to the SHGs without delay. The best solution will be to set up a dedicated wing to extend loan to SHGs,” he said. The Collector said women SHGs were prompt in paying back the availed loan amount to the banks concerned. “Women are sincere”
They could set an example for men, he added. They were more sincere in their business endeavours, working without depending on help from outside agencies. Stating that there were a total of 1,600 SHGs in Tirupattur, he said Government agencies like Aavin were in a position to procure only 25,000 litres of milk from various producers in the district. This was short of the actual requirement in the district. Though many SHGs preferred loans to purchase milch cows, they were not willing to sell the milk to Aavin. Instead, they sold it to private parties at a much lower cost. The SHGs should come forward to sell the milk to Aavin. This alone could help augment the procurement capacity in the district. A note of caution
He cautioned the SHGs to approach banks directly for loans. They should not get carried away by third parties coming forward to help them, as the SHGs were often cheated. Stressing on the need for every family to open a savings account with banks, the Collector said lessons could be learnt from Erode District, where 90 per cent of the families had a savings account. Families in Vellore district lacked awareness on the need to maintain a savings account with banks. The situation was better in metropolitan cities such as Chennai where people made it a point to have a savings account. For better education
Pointing out that every child in rural areas should be sent to school, he said only the formal education system would lead to the social and economic upliftment of children. “Parents in rural areas must not force their children to take up jobs at hotels, and mechanic stores during their school-going age. The SHGs can volunteer to create awareness on compulsory education,” he added. Generating incomes
Similarly, the women SHGs could purchase saris at cheaper rates from cities like Surat and sell it here. This would help them to generate a sizeable income.
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