TAMIL NADU

REPCO bank focussing on development of SHGs

Special Correspondent

Training in computer skills and tailoring being imparted



SHGs told to take up floriculture in a big way

Plan to form about 2,500 groups



Udhagamandalam: The Repatriates Cooperative (REPCO) bank was according high priority to development of Self- Help Groups (SHGs), said its executive director R.Varadharajan at Kotagiri recently.

Participating in a face-to-face, he said that the REPCO Foundation for Micro Credit, which came into being during 2002, was going great guns.

Loans

Under the REPCO banner alone, about 1,200 groups had been started in the district. Totally about 1,500 groups had so far received loans to the tune of Rs. 24.50 crore from the bank.

Training in computer skills, tailoring, embroidery and handicrafts was being imparted to the groups. The SHGs should take up floriculture in a big way.

Mobile unit

Pointing out that the members were engaged in a variety of activities, Mr. Varadharajan said that some had even taken tea gardens on lease. While the collection centre of the bank at Kotagiri had been computerised, a mobile unit was functioning at Gudalur.

SIDBI’s help

Assistant general manager, Small Industries Development Bank of India, Shanmugasundaram said that SIDBI would help the Foundation uplift the SHGs.

REPCO bank director Chandrashekaran said that many at Kotagiri and Coonoor had escaped from the clutches of usurers thanks to the help extended to SHGs by the REPCO bank.

Having redeemed their tea estates they were now leading a peaceful life.

Senior advisor Saadhali urged the SHGs to go in for bigger loans and become industrialists.

Assistance

Project director, REPCO Foundation, Manickasundaram said that it had been planned to form about 2,500 groups and extend assistance to the tune of Rs. 50 crore.

The bank would start a mobile unit at Coonoor soon.



SHGs told to take up floriculture in a big way

Plan to form about 2,500 groups





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