Govt to bear cost of interest on loan by SHGs: CM

Chief Minister Manohar Lal Khattar today announced that the state government would bear the cost of interest on loans taken by women self-help groups (SHGs) till the income of each member of the group crosses Rs 1 lakh per annum.

Addressing members of the SHGs after inaugurating a three-day convention here, the Chief Minister also announced awards for the first three such groups in every district on the basis of annual income. Groups securing the first position would get Rs 1 lakh each, second Rs 50,000, and third Rs 25,000, he said.

The government aimed to accelerate the socio-economic development to align with the resolution of ‘sankalp se siddhi’ of Prime Minister Narendra Modi, he said. He urged the women to resolve to build a new India by 2022 where sanitation would prevail and where the environment would be free from corruption, terrorism, communalism and casteism.

Development and Panchayats Minister Om Prakash Dhankar announced the launch of a new brand for the products produced by the women SHGs.

Dhankar said efforts would be made to increase the annual turnover of such groups to Rs 5,000 crore from Rs 130 crore in the next five years. “We are trying to connect six lakh families through the National Rural Livelihood Mission and hope we will succeed,” he added.

Share this article

About author

Punjab Headlines

Email This email address is being protected from spambots. You need JavaScript enabled to view it.

Leave a comment

Make sure you enter all the required information, indicated by an asterisk (*). HTML code is not allowed.