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SBI sanctions Rs 2.1 cr funds to local self-help groups

NT NETWORK

 

PANAJI

With an aim towards uplifting women, officials of the State Bank of India (SBI), Goa, handed over sanction letters to 70 self-help groups (SHGs) amounting to Rs.2.13 crores. The bank had organised a SHG credit linkage programme on January 26 to link local SHGs to bank finance.

The programme was held at SZ Qasim Auditorium, NIO, Dona Paula.  PK  Gupta,  managing  director,  SBI and  Sanjay  Gihar, secretary, rural development, Goa inaugurated the programme. Ajay Kumar Vyas, chief general manager, SBI, Mumbai circle, Giridhara Kini, chief general manager, Sanjay Kumar, general manager, Kamakshi Pai, general manager, NABARD, Suyash, DGM and Shrianshu, AGM, were also present. While handing sanction letters to SHG members, Gupta, said that the bank is committed to empowerment of women and SHGs are a very important medium for the same.

He stressed the importance of micro credit for the overall development of the economy and called upon the SHG members to spread awareness on credit assistance provided by the bank.

On the occasion arrangements were also made for the SHGs to display their products at the venue.

SBI is the leader in SHG finance and its share in credit linkage is 23.6 per cent as of March 2018 among the PSU banks.

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