Over 9,200 women SHGs receive ₹798.68 crore in loans in eight months: Salem District Collector
The Salem District Collector announced that over 9,200 women's self-help groups (SHGs) have received nearly ₹800 crore in loans during the first eight months of the current financial year. The initiative aims to improve financial inclusion and support women-led enterprises through government-backed banking linkages.
Why it matters
This highlights the impact of government-led microfinance programs on rural and urban economic empowerment for women in India.
Over 9,200 women SHGs receive ₹798.68 crore in loans in eight months: Salem District Collector Salem Salem District Collector K. Elambahavath on Thursday (October 22) said that so far this year, 9,203 women self-help groups (SHGs) received ₹798.68 crore in loans. He was presiding over a district-level workshop for bankers on behalf of the Mahalir Thittam. The District Collector said that on behalf of the Tamil Nadu State Rural/Urban Livelihoods Mission, a one-day orientation workshop (Banker’s Orientation) for bank managers will be held for 10 teams at the district and block levels. In this workshop, topics such as SHG bank loan linkage, community-based loans, non-performing loans, community bank coordinator work, financial management, social security schemes, interest subsidy, etc. are explained in detail to bankers, the Collector added. Stating that before the establishment of women SHGs, the formal bank credit in rural areas was very limited.
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