Archive · 8 Dec 2025
Central Bank of India partners with Telangana
The Central Bank of India and the Telangana government have teamed up to help Self-Help Groups (SHGs) in the state.
They signed an agreement that will allow the government to share information about these groups with the bank.
This will help the SHGs open savings accounts and get loans more easily.
The bank's leader and the government's representative met to finalize this plan.
The goal is to make sure more people in Telangana can access financial services and support.
Central Bank of India and Telangana government signed an MoU to enhance financial access for SHGs.
The MoU enables SERP to share leads of eligible SHGs with the bank for savings accounts and credit support.
The bank’s Zonal Head, Sri Dharasing Naik, met with Smt. Divya Devarajan, CEO of SERP Telangana, to formalize the partnership.
The initiative aims to improve financial inclusion and support for SHGs across the state.
The agreement was signed to facilitate the opening of savings accounts and provide credit support to SHGs.
- Who
- Central Bank of India and Telangana Government
- What
- Signed a Memorandum of Understanding (MoU) to enhance financial access for Self-Help Groups (SHGs)
- When
- Monday
- Where
- Hyderabad, Telangana
- Why
- To improve financial inclusion and support for SHGs in Telangana
- Organizations Involved
- Central Bank of India, Telangana Government, Society for Elimination of Rural Poverty (SERP) Telangana
- Purpose of MoU
- Enhance financial access for Self-Help Groups (SHGs)
- Key Figures
- Sri Dharasing Naik (Zonal Head, Central Bank of India), Smt. Divya Devarajan (CEO, SERP Telangana)
- Date of Meeting
- Monday
- Key Activities
- Sharing leads of eligible SHGs, opening Savings Accounts, facilitating credit support