13 hrs ago
Andhra SHG Women Targeted for Rs 36,000 Crore Loans
The Andhra Pradesh government wants women in self-help groups to earn more money.
It has set a goal of providing Rs 36,000 crore in bank loans to these groups.
So far, banks have provided Rs 15,054 crore to more than one lakh groups.
Another programme called Stree Nidhi has lent Rs 4,800 crore to 4.73 lakh women.
Officials were asked to help women understand that some bank loan charges are waived.
The government also wants every SHG woman to have life and accident insurance.
Four stores will sell products made by these women.
Training centres will teach skills such as laundry services, beauty work and hair cutting.
Officials were also asked to help farmers rent machinery cheaply through farmer organisations.
Banks have extended Rs 15,054 crore to 1,02,009 self-help groups during the current financial year.
Minister Kondapalli Srinivas directed officials to coordinate with banks to reach the Rs 36,000 crore lending target.
Stree Nidhi has disbursed Rs 4,800 crore in loans to 4.73 lakh women.
Officials were told to secure insurance coverage for every SHG woman under PMJJBY and PMSBY.
Four SWAYAM signature stores will market 65 varieties of products made by SHG women.
- Who
- Andhra Pradesh MSMEs and rural poverty alleviation minister Kondapalli Srinivas, SERP officials, banks and self-help group women.
- What
- The government is expanding loans, insurance, training and market opportunities for SHG women, with a Rs 36,000 crore bank-lending target.
- Where
- The SERP office in the NTR Administrative Block, Vijayawada.
- When
- During the current financial year; the review meeting was held on Thursday.
- Why
- To economically empower rural women, expand livelihoods and help them secure sustainable family incomes.
Key facts
- Bank loans so far
- Rs 15,054 crore extended to 1,02,009 SHGs during the current financial year.
- Bank lending target
- Rs 36,000 crore.
- Stree Nidhi lending
- Rs 4,800 crore disbursed to 4.73 lakh women.
- Planned retail outlets
- Four SWAYAM brand signature stores.
- Products to be marketed
- 65 varieties made by SHG women.
- Insurance schemes
- Pradhan Mantri Jeevan Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima Yojana.
- Planned training
- District-level centres for modern laundry services, beauty parlours, hair cutting and other trades.
Sources
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