Chief minister Mamata Banerjee said that in the year 2018- 2019, the state’s performance of credit linkage of Self Help Groups (SHG) in the Cooperative Sector is highest in the country. “I am very happy to share with all of you that during 2018-2019, West Bengal’s performance of credit linkage of Self Help Groups in the Cooperative Sector is highest in the country.
“As per report of NABARD, West Bengal provided credit to 97, 535 Self Help Groups in the Cooperative Sector, leading to huge creation of employment and income generation, mostly among women,” Miss Banerjee posted on her Facebook page.
In an attempt to empower and make women self reliant in both urban and rural areas, Miss Banerjee has recently announced an annual aid of Rs 5,000 for empowerment of the SHGs in the state. A total of Rs 500 crore would be spent for providing the benefit and SHGs registered for a period of one year or more will be able to avail it.
According to sources, bank loan disbursed for the SHGs in the state have gone up in the last few years. The loan amount has risen from Rs 553 crore in 2010-11 to Rs 7000 in 2018-19. Along with this, the state government is also providing subsidy so as to enable the SHGs to pay only two percent of their bank loan.
Again, the number of SHGs have also doubled from 4.72 lakhs in 2010-11 in the last eight years.