Rs.35-lakh loans disbursed to SHGs

Special Correspondent

THANJAVUR: The State Bank of India stood first in the country in providing linkage to women self-help groups (SHG), said R. Kuppanna, Deputy General Manager, SBI, Tiruchi module, here on Monday.

He disbursed loans for Rs.35 lakhs to 33 women SHGs at the main branch of the bank. He said the bank had given linkage to more than one million groups in the country.

At Avalurpet in Villupuram district women SHGs bid to run a shandy. When they required Rs.8 lakhs, at which rate they won the bid, SBI arranged to get them the money in half-an-hour. "Now the groups are running the shandy successfully and repaying Rs.25,000 to Rs.30,000 a week," he said.

Four of the several groups to whom loans were disbursed received Rs.8,15,000 as loans to take up modernised pottery making in Thekkur in Orathanadu taluk. They received the amount for procuring modern equipments to produce value-added pottery products and sell them in Kerala, Andhra Pradesh, Karnataka and Maharashtra.

The bank's Tiruchi module, which comprises eight districts, including Tiruchi, Karur, Perambalur, Thanjavur, Nagapattinam, Tiruvarur, Villupuram, Cuddalore and Karaikal region of the Union Territory of Pondichery, has disbursed 32 per cent of agriculture loans against the 18 per cent target fixed by the Reserve Bank of India.

With respect to priority sector lending the achievement was 56 per cent against the 40 per cent target.

S. Jagadeesan, Assistant General Manager, SBI, Thanjavur, said the Thanjavur branch of the bank was started in 1948. Last year the bank had disbursed agricultural loans for Rs.13 crores and 200 educational loans. It also disbursed Rs.2 crores as loans to 326 women SHGs last year.

This year during the last seven months loans to the tune of Rs.18 crores were disbursed to the agricultural sector and educational loans to 274 students. Loans to the tune of Rs.2.17 crores were disbursed to 236 women SHGs.