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Government urged to provide loans at 4 per cent interest to all SHGs

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SHOWCASING FOLK CULTURE: Artistes performing at the inauguration of `Kudlotsava 2006' in Mangalore on Friday. Photo: R. Eswarraj
SHOWCASING FOLK CULTURE: Artistes performing at the inauguration of `Kudlotsava 2006' in Mangalore on Friday. Photo: R. Eswarraj

Staff Correspondent

`Kudlotsava 2006 gets off to a colourful start

MANGALORE: M.N. Rajendra Kumar, president of the Karnataka State Apex Cooperative Bank, has urged the State Government to provide loans at 4 per cent interest to all self-help groups.

He was speaking at a function here to mark the inauguration of "Kudlotsava 2006", a State-level exhibition-cum-trade fair, organised by the Navodaya Grama Vikasa Charitable Trust. The exhibition will provide self-help groups a platform to market their products. Forty-eight self-help groups have set up stalls at the exhibition that will be on till November 30. He hailed the Chief Minister's proposal to extend financial help to Sthree Shakti self-help groups. But it should not be limited to Sthree Shakti groups alone. All self-help groups in the State should be supported in a similar manner, he added. A.G. Kodagi, Chairman of the Third Finance Commission of Karnataka, who inaugurated the event, said the Government would strive to provide all benefits to self-help groups as they played a key role in rural development. G.V. Kongawada, Managing Director of the bank, and B. Dayanand, Superintendent of Police, spoke. M. Maheshwar Rao, Deputy Commissioner, was present.

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