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“SHGs’ contribution to economy significant”

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Commendable: Cooperation Minister Ko. Si. Mani, third from left, handing over the cheque to SHG members in Thanjavur on Saturday.
Commendable: Cooperation Minister Ko. Si. Mani, third from left, handing over the cheque to SHG members in Thanjavur on Saturday.

Special Correspondent

Savings of SHGs in Thanjavur district is Rs. 88.30 crore

THANJAVUR: Women Self Help Groups (SHGs) have contributed significantly to the economic development of the country said S. S. Palani Manickam, Union Minsiter of State for Finance, here on Saturday.

Speaking at a function for disbursal of revolving fund and loan to the women SHGs the minister said that the savings of women SHGs in Thanjavur district alone was Rs. 88.30 crore. “In a way the members of SHGs have now become crorepathis as indicated by their savings,” said the Minister.

He said that the State government was committed both to the welfare of women as well as their empowerment. While the Government was giving freebies on one hand, it was providing entrepreneurship training to women so that they could become entrepreneurs and earn on their own.

The group concept was followed to ensure equality among the members and to avoid any leadership or ego problem in the group. “Women should understand the democratic spirit of the SHG concept and work as a team,” he said and added that the recovery was good with respect to the loans given to women. The recovery stood at 96 per cent.

Rural women were now taking the leadership. They came to stages and spoke well. They managed the economy of the family, the Minister said.

The Union minister, State Co-Operation Minister Ko. Si. Mani and State Minister for Commercial Taxes S. N. M. Ubayathullah disbursed revolving fund subsidy to the tune of Rs. 1.90 crore and loans to the tune of Rs. 9.50 crore to 1,899 women SHG members at the function. Appointment letters to 12 clerical staff of Thanjavur Municipality were also distributed at the meeting.

The District Collector, M. S. Shanmugham, said that a total of 16,046 women SHGs functioned in the district with a membership of 2.59 lakh. The bank savings of these groups totalled to around Rs. 88.30 crore. The Collector appealed to the groups to increase the savings to Rs. 100 crore in the course of time.

Bank loans to the tune of Rs. 200.65 crore had been disbursed so far to 15,738 groups out of 16,046 groups. Many had been provided skill training.

A member of a self help group now earns from Rs. 2,500 to Rs. 5,000 per month. Marketing of their goods was also done through sales exhibitions.

MLAs N. R. Rangarajan (Pattukottai) and Mahesh Krishnaswamy (Thiruvonam), Selvi Sivagnanam, Chairperson, Thanjavur District Panchayat Council, Thenmozhi Jayabal, Chairperson, Thanjavur Municipality, A. M. Venkatesa Prasad, Chief Regional Manager, Indian overseas Bank and S. Ravi Kumar, Assistant General Manager, National Bank for Agriculture and Rural Development, also spoke.

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