Monday, October 3, 2022

75 SHGs get Rs. 1.31 cr loan

As part of ‘Azadi Ka Amrit Mohatsav’ celebration to commemorate 75 years of India’s Independence, Rs. 1.31 crores loan from Nagaland Rural Bank was awarded to 75 Self Help Groups (SHGs) under Nagaland State Rural Livelihoods Mission.
The cheque was handed over to NSRLM-SHGs by chief minister Neiphiu Rio during the Independence Day celebration at the Secretariat Plaza, Kohima on August 15.
The bank credit will support SHGs and their households in taking up income generating activities covering Farm Livelihoods, Non-Farm livelihoods and Non-Timber Forest Produce (NTFP) Micro-enterprises. This will also foster the national goal of creating “Lakhpati SHG Women” to enable SHG women to earn at least Rs. 1 lakh per annum.
According to DIPR, the credit linkage will continue to become an annual event, thereby enhancing the State Rural Livelihoods Mission’s effort towards building the credit¬worthiness of rural women in Nagaland.
It may be mentioned that the State Mission has also created an SHG corpus of more than Rs. 160 crore, which remains as a collective fund at the community level, and had also accessed Rs. 28.41 crore through bank credit till date.