Government initiatives brought SHGs out of the red: Chief Minister
The Hindu
Jagan releases second tranche of financial assistance of ₹6,440 crore
Sick self-help groups (SHGs) in the State have made a turnaround, thanks to a series of steps taken by the “women-friendly government” to free them from mounting debts in phases and revive economic activity, Chief Minister Y.S. Jagan Mohan Reddy has said.
Announcing the release of the second of the four-tranche financial assistance of ₹6,440 crore of the total ₹25,517 crore under YSR Aasara scheme here on Thursday, Mr. Jagan Mohan Reddy said the government was committed to giving a fillip to the SHG movement.
“The series of initiatives such as pacts with leading banks and FMCG firms, which include P&G, ITC, Reliance, HUL, Allana, Mahendra Group, Kheyti Group and Tanager, and providing technical, banking and marketing assistance and training facilities are aimed at bringing back smiles on the faces of SHG members,” he said.
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