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`Sethu project will spur growth'

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MONETARY HELP: S. Regupathy, Union minister of state for Home, giving a cheque to women self-help group members at a function at Pattukottai on Saturday. Photo: M Srinath
MONETARY HELP: S. Regupathy, Union minister of state for Home, giving a cheque to women self-help group members at a function at Pattukottai on Saturday. Photo: M Srinath

Special Correspondent

Loans given to women self-help groups

Pattukottai: The union minister of state for home S. Regupathy has said that Sethusamudram project, when implemented, will spur the economic development of Tamil Nadu and the country.

Speaking after disbursing loans to women self help groups (SHGs) here, he said the United Progressive Alliance Government at the centre has taken up various programmes in the last two years for the progress of the nation.

Sethusamudram project is one among them.

Yet another achievement of the Government is declaration of Tamil as classical language. It is noteworthy that Mysore University has recommended for declaring Tamil as classical language.

This indicated the national integration.

He said that nationalised banks should give education loans without fail.

The women SHGs in the country were functioning independently and there is no political interference in their functioning, he said.

He distributed Rs 3.75 crore as revolving fund and loans to 375 SHGs.

He also disbursed agriculture loans, priority loans and Prime Minister Rozgar Yojana scheme loans to the tune of Rs.1.95 crore to 175 persons.

The loans and funds were given by branches of Indian Overseas Bank, Indian Bank, State Bank of India, Canara Bank, Union Bank of India, Bharath Overseas Bank, Kumbakonam City Union Bank, Lakshmi Vilas Bank, Dhanalakshmi bank, ICICI bank in Pattukottai area.

R.Vaidyanathan, Senior Regional Manager, Indian Overseas Bank, said that 13,464 SHGs are functioning in Thanjavur district now.

There are a total of 2,24,302 members and the total savings was Rs. 32 crores. Loans have been distributed to them to the tune of Rs. 55 crores.

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