State to provide Rs 1000 cr loan
STATESMAN NEWS SERVICE
Bhubaneswar, 16 July
The state government has decided to provide bank loans to the tune of Rs 1,000 crore to one lakh women self help groups (SHGs) during the current financial year.
It claimed that the initiative will make the groups more self-reliant and help them in undertaking more economic activities.
“The loan will be provided with an interest rate of 7 per cent. However, for the SHGs located in Integrated Action Plan (IAP)-covered districts as well as tribal-dominated districts, the rate will be only 4 per cent,” said a senior official, after a meeting where a formal decision in this regard was taken. It has been decided that two lakh members of the SHGs~ two members from each SHG~ will be trained for the programme. “Coordination days will be held at the banks’ branches where the loans will be disbursed,” he said.
The meeting stressed on, inter alia, preparing a time-bound plan for successful implementation of the loan disbursement scheme and stressed that the SHGs should be encouraged to carry out more programmes. It was decided to restructure SHGs at block and panchayat level and to make them more functional.
In another major decision, the meeting said that 20,000 SHGs will be provided with revolving funds of Rs 15,000 each in 2013-14 financial year. The government will have to spend Rs 30 crore for the purpose.
It may be mentioned here that the SHGs with 70 per cent or more members belonging to BPL category are assisted through Odisha Livelihood Mission (OLM). Chief minister Mr Naveen Patnaik chaired the review meeting, which was attended by panchayati raj minister Mr Kalpataru Das, chief secretary Mr Jugal Kishore Mohapatra and other senior officers.