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Tamil Nadu
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Chennai
HELPING THE SELF-HELP: Local Administration Minister M. K. Stalin handing over a cheque towards the revolving fund to members of an SHG at a function organised by Indian Bank in Pallavaram on Monday. Labour Minister T.M. Anbarasan, Indian Bank CMD M. S. Sundara Rajan and Kancheepuram Collector Santosh K. Misra are in the picture. CHENNAI: Local Administration Minister M. K. Stalin on Monday inaugurated Indian Bank’s 14th Microsate branch at Pallavaram and dedicated 11 biometric automated teller machines for self-help groups (SHGs). Unlike other ATMs, the biometric facilities can be operated by the authorised members of the SHGs by authenticating their finger prints. The impressions of the left thumb and both the index fingers of the members would be fed into the system. At the time of using the ATM, the member can use anyone of the three fingers for accessing the facility, bank officials said. Lauding the services of Indian Bank in reaching out to more people in both rural and urban areas, Mr. Stalin said that as many as 3.78 lakh SHGs, including 19,689 youth SHGs, are functioning in the State. There were more than 60 lakh women members in the SHGs. The women have generated savings of nearly Rs.2,062 crore. Apart from their large numbers, another feature of the SHGs was their repayment record. Women SHGs in the State have repaid 99 per cent of the loans promptly to the commercial banks thereby facilitating issue of more such loans by the banks, Mr Stalin said. On the occasion, the Minister distributed Rs.5.28-crore micro-credit assistance to 486 women SHGs of Kancheepuram district. He said it was Chief Minister M. Karunanidhi, who launched the women SHG scheme in Dharmapuri district in 1989, to enable women to become self-reliant and to improve the economic status of people in villages. He said that the government had allocated Rs.150 crore for providing revolving fund for about 1.50 lakh women SHGs in the State. The Minister said the government had enhanced the stipend paid during training to each of the SHGs members to Rs.45. The previous regime had reduced it to Rs.7.50. Labour Minister T. M. Anbarasan said SHGs had seen phenomenal growth after they were transferred from the Department of Social Welfare to Rural Welfare Development department. Kancheepuram Collector Santosh K. Misra said the district with 23,310 women SHGs and 965 youth SHGs had the highest number of SHGs in the State. Indian Bank’s chairman and managing director M. S. Sundara Rajan said the bank had provided Rs.472 crore to 36,386 SHGs in the State. It planned to open 15 more Microsate branches in the current fiscal. The bank’s Executive Director A.S. Bhattacharya, General Manager and Circle Head, Kancheepuram, V.A. Somayajulu and General Manager (Priority Sector), Selvam Veeraraghavan, participated.
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