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4,000 SHGs to get revolving fund

Staff Reporter

PUDUKOTTAI: A total of 4,000 women self-help groups in the district will get credit facility during the current financial year and each will get a loan of Rs.40,000 including Rs. 10,000 towards revolving fund and the balance Rs.30,000 as bank loan, Mahalir Thittam Project Officer M. Rajmohan said.

Presiding over the ‘Sensitisation programme for bank officials’ organised here recently, he said that the bank-wise target has been fixed for sanctioning loans to the SHGs.

He appealed to the bank officials to expedite the sanctioning and release of loans to the SHGs without delay. The progress of the implementation of the programme, to be implemented under the Sampoorna Gramin Swarojgar Yojana, would be periodically reviewed, he said.

This apart, the SHGs would be provided direct credit linkage to the tune of Rs.30 crore during the current fiscal.

The credit flow would be Rs. 25 crore for the groups formed by the Mahalir Thittam while Rs. 5 crore would be sanctioned to the groups floated by other agencies.

District Development Manager, National Bank for Agriculture and Rural Development, R. Anand, underlined the importance of speedy disbursement of loans to the SHGs for ensuring their economic uplift. He pointed out that any delay in sanctioning loans would force the women SHGs to switch over to lending programme adopted by non-governmental organisations.

Sensitisation

Secretary of District Supply and Marketing Society S. Sathyamoorthy said members of SHGs should be sensitised to marketing strategy for enhancing their profitability.

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