The Stree Nidhi Credit Cooperative Federation or Stree Nidhi Mahila Bank has given a divided of Rs. 98 lakh to the Government of Telangana for 2013-14.

This was informed to Minister for IT and Rural Development K.T. Rama Rao by Chief Executive Officer of the Society for Elimination of Rural Poverty (SERP) A. Murali at a review meeting held here on Friday.

When enquired by the Minister, the officials told him that the government had 40 per cent share-holding in Stree Nidhi Mahila Bank and the dividend given was 6 per cent.

The Minister also had first-hand experience with one of the SERP activity on Friday when he made a phone call to SERP insurance call centre of Karimnagar district. He spoke to the functionary of the call centre, one Venkatesh, stating that his neighbour in Baddenapalli village of Sricilla mandal, husband of a SHG woman, died yesterday and sought to know when would the woman get the insurance settlement.

The person manning the call centre explained to the caller (the Minister) that it would take about two months time if all documents were correct, though officials claim that it would take only a month. He further asked the details of the deceased persons and his wife, the SHG member, to check whether her family was insured.

Before the call centre functionary could ask more, the Minister identified himself and complimented the former for handling the call efficiently. Later, he expressed satisfaction with the system.

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