1 day ago
Parida Says Women Will Drive Odisha’s Economic Transformation
Odisha Deputy Chief Minister Pravati Parida said women are helping change the state’s economy and society.
The state released money to help Self-Help Groups with the cost of borrowing.
This latest release was Rs 99.26 crore for 1.79 lakh groups.
Officials said Rs 247.03 crore has been released for this support so far this financial year.
The state has also set a bank-credit target of Rs 20,000 crore for these groups in 2026-27.
It budgeted Rs 575 crore for interest support that year.
The department signed an agreement to expand the Lakhpati Didi initiative.
It also signed an agreement to support green businesses and renewable-energy use among women’s groups.
Deputy Chief Minister Pravati Parida said women are emerging as drivers of Odisha’s economic and social transformation.
The state released Rs 99.26 crore in interest subvention to 1.79 lakh Self-Help Groups.
Officials said Rs 247.03 crore in interest subvention has been released during the current financial year so far.
For 2026-27, Odisha set a Rs 20,000 crore bank-credit linkage target for SHGs and budgeted Rs 575 crore for interest subvention.
The department signed agreements to expand the Lakhpati Didi initiative and promote renewable-energy entrepreneurship among women’s SHGs.
- Who
- Odisha Deputy Chief Minister Pravati Parida, the state government, and women’s Self-Help Groups.
- What
- The state released interest-subvention funds and announced credit targets and agreements supporting women’s groups and enterprises.
- Where
- Bhubaneswar, Odisha.
- When
- Tuesday, October 6; the articles do not specify the year. The stated targets and budget are for 2026-27.
- Why
- To strengthen SHGs’ finances, livelihoods, and women-led enterprises, and to promote the Lakhpati Didi initiative and green entrepreneurship.
Key facts
- Latest interest-subvention release
- Rs 99.26 crore to 1.79 lakh Self-Help Groups
- Released so far this financial year
- Rs 247.03 crore
- June release
- Rs 147.77 crore to 2.88 lakh Self-Help Groups
- 2026-27 interest-subvention budget
- Rs 575 crore
- 2026-27 bank-credit linkage target
- Rs 20,000 crore for Self-Help Groups
- Agreements
- One with Collective for Integrated Livelihood Initiatives to expand Lakhpati Didi, and one with Odisha Renewable Energy Development Agency to promote green entrepreneurship and renewable-energy adoption among women’s SHGs.
Quotes
Pravati Parida
Deputy Chief Minister of Odisha
“Women are not merely beneficiaries of development schemes. They are emerging as drivers of Odisha’s economic and social transformation, and would lead the state’s development journey in the coming years.”
thehansindia.com
theprint.in
Sources
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