Archive · 11 Jun 2025
Indian Bank's SHG Lending Fuels Grassroots Empowerment and Growth
Indian Bank gives loans to groups of women called Self-Help Groups (SHGs) to help them start businesses.
These groups are helping women earn more money.
The bank has already lent a lot of money to these groups and wants to lend even more in new areas.
The bank also helps women open bank accounts and get insurance.
They are building special branches just for these groups to make banking easier and more comfortable.
The bank is also working with the government to help these women become successful business owners and helping them sell their products.
Indian Bank's Self-Help Group (SHG) loan book has grown to ₹22,000 crore.
The bank aims to expand its SHG reach to underserved states like Bihar and Uttar Pradesh.
Indian Bank sanctioned over ₹509.91 crore to 9,961 SHGs at a recent event in Bhubaneswar.
The bank targets ₹20,000 crore in SHG credit for FY2025-26 and over ₹30,000 crore by 2027.
Indian Bank supports SHGs and aligns with government initiatives like the 'Lakhpati Didi' scheme.
- Who
- Indian Bank, Self-Help Groups (SHGs), and government initiatives.
- What
- Indian Bank provides credit to Self-Help Groups (SHGs) to foster entrepreneurship and women's empowerment.
- When
- The SHG credit program has grown significantly in the last five years, with targets set for future growth.
- Where
- Southern and eastern India, with expansion planned into underserved states.
- Why
- To empower women, support local enterprises, and promote rural development.
- Bank
- Indian Bank
- Program
- SHG Credit Programme
- Current Loan Book
- ₹22,000 crore
- FY2025-26 Credit Target
- ₹20,000 crore
- Target by 2027
- Over ₹30,000 crore
- Key Initiatives
- Lakhpati Didi scheme