Women SHGs boosted TN's economic growth, says Udhayanidhi
would not have achieved the growth rate of 9.69%.
"In the last four years, bank loans to the tune of 1.05lakh crore have been granted to women SHGs. It was because of women SHGs, TN has achieved the highest growth rate in the country," Udhayanidhi said at an event organised by Tamil Nadu Corporation for
of Women (TNCDW) in Chennai on Wednesday.
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The event was to inaugurate disbursement of bank loans to the tune of 3,130crore to 3.76lakh SHG beneficiaries on a single day. Udhayanidhi also presented Manimegalai awards for best performing women SHGs during the event.
"Recognising the importance of women SHGs, bank loan linkage is provided to them. For all the 53.74lakh members in 4.76lakh women SHGs in the state, the target for bank loans is fixed at 37,000 crore this year,'' he said.
Udhayanidhi said that it was former chief minister M Karunanidhi who launched SHGs for the first time and initiated Manimegalai awards for best performing SHGs.
"In the previous 10 years of AIADMK rule, the awards were stopped. Now they have been relaunched by the DMK govt," he said.
Udhayanidhi unveiled a new logo for 'Mathi', the brand name for products sold by women SHGs and launched wood pressed groundnut oil, an SHG product to be sold in Mathi outlets across the state.
In Madurai, loans worth 129 crore were distributed to 1,716 SHGs during a programme organised to disburse loans later in the day.
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