Warangal: The Telangana government has provided bank loans of Rs 44,278 crore to Self-Help Groups (SHGs) through the Society for Elimination of Rural Poverty (SERP) over the past seven years, Panchayat Raj said. and the Minister of Rural Development Errabelli Dayakar Rao.
“During the current fiscal year, the SERP has set itself the objective of providing 12,070 crore rupees to SHGs of 3.80 lakhs. Within this framework, a loan of 168.81 crore rupees has been granted to 4,833 SHG during this exercise, groups as early as possible, ”said Errabelli.
He said that since Telangana’s formation, the government has focused on providing linkage loans to SHGs that allow poor households to access adequate formal credit at their doorstep.
In fiscal year 2014-15, the state’s 1.96 lakh SHGs secured a bond loan of Rs 3,739 crore. It has increased dramatically by fiscal year 2020-21. SERP has provided linkage loans to the tune of Rs 10,448 crore to SHG 2.71 lakh, the minister said.
The minister said that since the bifurcation, 78,458 new SHGs have appeared in the state. In total, there are now 4.38 lakh SHG, he added. The total number of members is 47.55 lakh. Of which 10.21 lakh are scheduled castes, 6.55 are listed tribes, 1.54 lakh are minorities, 25.81 lakh are backward classes and 35,138 are advanced castes.
“The goal of Chief Minister K Chandrasekhar Rao is to empower women,” Errabelli said, referring to social protection and development programs implemented by the TRS government. The goal is to empower women, he added. It is encouraging to see that the products made by self-help groups have become popular in the domestic and international market, Errabelli said.