Odisha Govt Hikes Loan Amount At Zero Per Cent Interest For SHGs

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Bhubaneswar: The Odisha Government on Tuesday increased the amount of loan at zero per cent interest from Rs 3 lakh to Rs 5 lakh for the Self Help Groups (SHGs) under the Mission Shakti programme.

It was informed by the Mission Shakti Minister, Basanti Hembram in the State Assembly.

The government took the decision for more financial inclusion and development of women.

In 2019, the State government had announced zero percent interest loan for SHGs under the Mission Shakti scheme.

Chief Minister had declared Rs 15000 seed money for new SHGs, Rs 3,000 to purchase smartphones for digital empowerment and a sum of Rs 25 lakh for 338 existing block federations. Patnaik had announced it while addressing a mission shakti event in Puri.

Mission Shakti was launched in 2001 as a project aiming economic empowerment of women through self help groups and providing them bank loans at low interest for livelihood opportunities.

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