Odisha CM Naveen Patnaik announces interest free loans for women SHGs

BHUBANESWAR: Chief minister Naveen Patnaik on Saturday announced interest-free loan as much as Rs three lakh for the ladies self-help workforce contributors (SHGs), a transfer that would benefit around 70 lakh girls associated with six lakh groups.
Announcing it on the Mission Shakti conference in Puri attended by way of around 70,000 girls, the executive minister said the Mission Shakti initiative has truly turn into a silent motion bringing girls to the vanguard of Odisha’s building.



“It encouraged entrepreneurship thru SHGs and is now empowering them digitally to develop and prosper,” Naveen said.


The announcement that came months earlier than the overall and assembly polls may be seen as an try to garner make stronger of women voters all over polls.

The leader minister additionally introduced distribution of seed cash (Rs 15,000 per workforce) to around 3 lakh newly-formed SHGs and to those which have no longer but received the quantity. Seed cash is the finances allocated to begin a challenge is given to the ladies SHGs since they don’t have adequate savings. They can make the most of the quantity to seek bank loans.


Naveen additionally introduced the digital empowerment programme of the SHG contributors by way of distributing Rs three,000 to every SHG for getting of smartphones.


The conference additionally witnessed distribution of revolving fund of Rs 25 lakh for every of the 338-block stage SHG federations and incentives to anganwadi employees and helpers to inspire the rural girls to form SHGs.


Mission Shakti is an initiative began in 2001 aiming at economic empowerment of women by way of forming SHGs and offering them with loans thru banks at low interest rate to soak up more than a few livelihood actions.


BJP chief and previous bureaucrat Aparajita Sarangi criticized the state govt’s fresh announcement. “Anyone claiming a rosy Picture of SHGs in Odisha is welcome to come back with me on a random excursion for interacting with SHG contributors. I've seen despondency, loss of path and steerage for initiating girls SHGs into diverse micro-enterprises,” she tweeted.
Odisha CM Naveen Patnaik announces interest free loans for women SHGs Odisha CM Naveen Patnaik announces interest free loans for women SHGs Reviewed by Kailash on January 05, 2019 Rating: 5
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