To support the rural poor with credit facilities, a new strategy has been evolved under the title State Rural Livelihood Mission. Central government would extend 75 per cent financial assistance and the rest would be borne by the State Government. The programme was scheduled for a duration of seven years, K. Gopal, Right, Managing Director, Tamil Nadu Corporation for Development of Women, said. After a review meeting at the Collectorate here on Wednesday, he said 85 per cent of loan recovery was achieved by members of self- help groups in Tuticorin. At State-level, the percentage of recovery was between 80 and 85. Measures were being taken to achieve 90 per cent of recovery in the days to come, he said. Sixty thousand SHGs, out of seventy thousand functioning across the State, received revolving funds. For the credit linked plan, the Government had set aside Rs.3,000 crore for extending loans, revolving funds and organising training programmes for the members of SHGs in the current fiscal. So far, Rs. 2, 300 crore had been given under the programme. As per target, as many as 1,175 SHGs had been formed in Tuticorin in the current fiscal. The government had earmarked credit facilities to the tune of Rs. 66 crore for the SHGs functioning in Tuticorin and extended Rs. 56 crore so far. Revolving funds were provided to 1, 000 SHGs as against 1, 585 SHGs here.
Out of 25,000 youths trained on skill development at 250 training institutes in Tuticorin, 15, 000 youths had completed and placement orders were given to 9, 000 candidates.
As many as 80 lakh members were being benefitted from 4, 80, 000 SHGs across Tamil Nadu, he added. The meeting was attended by Collector C.N. Maheswaran and other officials.