Self Help Groups

Prime Minister Modi praised the empowerment of women through Self Help Groups (SHGs) and highlighted the remarkable progress made in boosting their economic standing.

India’s bet on lab-grown diamonds: What will it take to lead the world?

Recent measures unveiled in the budget including a focus on lab-grown diamonds (LGDs) and a reduction in basic customs duty on the seeds used in their manufacture are expected to boost exports in the diamond industry and could make India a world leader in the LGD market.

The Budget’s focus on SHGs could increase rural female labour participation

However, many challenges such as securing larger loans, supply chain issues, product quality, lack of proper telecom, electricity, and road infrastructure, and more still remain

‘Look at Lijjat Papad': Nirmala Sitharaman on rural women empowerment

In an exclusive interview with Network18, Finance Minister Nirmala Sitharaman quoted the example of Lijjat Papad as a success story that other groups could emulate with the help of PM VIKAS.

In Jammu & Kashmir, Amarnath yatra comes as a blessing to impoverished women

To earn a living, women-run self-help groups stitch raincoats, tracksuits and sleeping bags for officials and pilgrims, also giving a boost to the local economy.

PNB disbursed Rs 157 cr to 1,476 farmers, SHGs in FY17: CEO

Punjab National Bank has disbursed Rs 157 crore to 1,476 farmers and Self Help Groups across the country so far this fiscal, its MD and CEO Usha Ananthasubramanian said today.

Dena Bank inks pact to finance women SHGs in Maha

The bank said it has signed a memorandum of understanding with Mahila Arthik Vikas Mahamandal (MAVIM) for financing needs of women SHGs.

World Bank to extend $290 mn credit for Bihar's JEEViKA II

Centre, Bihar government and World Bank signed a USD 290-million credit agreement on July 9 to help improve livelihood opportunities for poor rural households across 300 blocks and 32 districts of the eastern state

Andhra Bank to launch Bharat Bill Payment Service soon

Andhra Bank will launch Bharat Bill Payment Service soon to enable customers make all utility bill payments

RBI asks banks to ease norms for individual borrowers

The RBI said it received complaints from borrowers as banks were refusing to grant loans without 'No Due Certificate', specially in rural and semi-urban areas.

FinMin proposes new scheme of lending to SHGs at 18%

The finance ministry is pulling out all stops to further financial inclusion. The ministry has asked banks to tie up with NGOs as business correspondents in a pilot project to lend to self help groups (SHG). As a result lending rate for SHGs may go up, reports CNBC-TV18's Gopika Gopakumar.

HC moved for RBI probe into alleged unfair MFI practices

A petition has been filed in the Madras High Court Bench here seeking a direction to Reserve Bank of India to investigate into allegations that Micro Financing Institutions (MFIs) in Tamil Nadu were indulging in unfair and illegal practices in disbursement of funds to women members of self-help groups (SHGs).

SHGs to get bank loans at 7%: Ramesh

All the self help groups (SHGs) in the country would be able to get credit at 7%, at par with crop loans, Union Minister of State for Environment and Forest Jairam Ramesh said today.

FM announces incentives for investment in education, health

Finance Minister Pranab Mukherjee today made a slew of announcements, including to bring investments in education and health segments under the infrastructure sector and special grants for women self-help groups and fishermen.