According to Soumya Kanti Ghosh, State Bank of India's group Chief Economic Adviser, self-help group (SHG) members seem to favour transacting digitally, with expenditure via ATMs nearly constant from 2018-19 to 2022-23.
The MoU was signed by Additional Secretary Deendayal Antyodaya Yojana – National Rural Livelihoods Mission, Charanjit Singh and Chief General Manager, State Bank of India, Corporate office Mumbai, Shantanu Pendsey.
The state government had launched GNY scheme in July 2020 under which cow dung is procured at Rs 2 per kilogram at gauthans and is used to prepare vermicompost.
Loan disbursal to the SHGs is aimed at increasing the income of women and their families by empowering them financially.
Self Help Groups (SHGs) are already showcasing their products at 12 airports, including at Agartala, Kushinagar, Udaipur and Madurai, under the AVSAR (Airport as Venue for Skilled Artisans of the Region) initiative.
Jharkhand’s Gumla district is among the most backward districts of the state as per government classification. About 69 percent of the district’s population belongs to a tribal community.
Addressing the nation from the ramparts of the Red Fort on the occasion of 75th Independence Day, PM Modi said the government has also awakened the aspirations of those districts which were believed to have been left behind in the development journey.
In the last fiscal the MSME disbursement target was Rs 74,000 crore.
The country's largest private sector ICICI Bank said it has loaned over Rs 5,500 crore to more than 25 lakh women in rural India in last five years, envisioning financial inclusion and empowerment.