Latest news with #MegaSelfHelpGroupCreditOutreachProgramme
The Hindu
a day ago
- Business
- The Hindu
Indian Bank hands over sanction letters worth ₹1,011 cr to over 3,000 women
Public sector Indian Bank has handed over sanction letters worth ₹1,011 crore to over 3,000 women, extending financial support to Self Help Groups across Tamil Nadu. Ministry of Finance, Department of Financial Services, Secretary M. Nagaraju presented the cheques to the beneficiaries at a Mega Self Help Group Credit Outreach Programme held at Tamukkam Convention Centre, in Madurai. In his brief address, Mr. Nagaraju emphasised that access to capital for livelihood activities is crucial. "Such initiatives not only reduce the dependence on sources of informal credits but also help inclusion into the formal financial ecosystem," he observed. "More than 3,000 women from various self-help groups across Tamil Nadu were part of the event. Sanction letters to the tune of ₹1,011 crore were handed over during the mega SHG credit outreach programme," the Chennai-based bank said in a press release on Sunday (July 13, 2025). Indian Bank Managing Director and CEO Binod Kumar, Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh and Brajesh Kumar Singh were present on the occasion. Indian Bank has so far assisted 5.09 lakh self help groups benefitting more than 60 lakh women. The bank currently stands as the 4th largest public sector banks in SHG financing with over 10 per cent market share and a credit portfolio of ₹22,224 crore as of March 2025, it said.
Economic Times
a day ago
- Business
- Economic Times
Indian Bank hands over sanction letters worth Rs 1,011 crore to over 3,000 women
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Public sector Indian Bank has handed over sanction letters worth Rs 1,011 crore to over 3,000 women, extending financial support to Self Help Groups across Tamil of Finance, Department of Financial Services, Secretary M Nagaraju presented the cheques to the beneficiaries at a Mega Self Help Group Credit Outreach Programme held at Tamukkam Convention Centre, his brief address, Nagaraju emphasised that access to capital for livelihood activities is crucial. "Such initiatives not only reduce the dependence on sources of informal credits but also help inclusion into the formal financial ecosystem," he observed."More than 3,000 women from various self-help groups across Tamil Nadu were part of the event. Sanction letters to the tune of Rs 1,011 crore were handed over during the mega SHG credit outreach programme," the Chennai-based bank said in a press release on Bank Managing Director and CEO Binod Kumar, Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh and Brajesh Kumar Singh were present on the Bank has so far assisted 5.09 lakh self help groups benefitting more than 60 lakh women. The bank currently stands as the 4th largest public sector banks in SHG financing with over 10 per cent market share and a credit portfolio of Rs 22,224 crore as of March 2025, it said.
Time of India
a day ago
- Business
- Time of India
Indian Bank hands over sanction letters worth Rs 1,011 crore to over 3,000 women
Tired of too many ads? Remove Ads Public sector Indian Bank has handed over sanction letters worth Rs 1,011 crore to over 3,000 women, extending financial support to Self Help Groups across Tamil of Finance, Department of Financial Services, Secretary M Nagaraju presented the cheques to the beneficiaries at a Mega Self Help Group Credit Outreach Programme held at Tamukkam Convention Centre, his brief address, Nagaraju emphasised that access to capital for livelihood activities is crucial. "Such initiatives not only reduce the dependence on sources of informal credits but also help inclusion into the formal financial ecosystem," he observed."More than 3,000 women from various self-help groups across Tamil Nadu were part of the event. Sanction letters to the tune of Rs 1,011 crore were handed over during the mega SHG credit outreach programme," the Chennai-based bank said in a press release on Bank Managing Director and CEO Binod Kumar, Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh and Brajesh Kumar Singh were present on the Bank has so far assisted 5.09 lakh self help groups benefitting more than 60 lakh women. The bank currently stands as the 4th largest public sector banks in SHG financing with over 10 per cent market share and a credit portfolio of Rs 22,224 crore as of March 2025, it said.
Time of India
a day ago
- Business
- Time of India
Big push for women's self-reliance: Indian Bank sanctions Rs 1,011 crore loans to SHGs; over 3,000 women in Tamil Nadu benefit
NEW DELHI: Public sector Indian Bank has disbursed sanction letters worth Rs 1,011 crore to more than 3,000 women from Self Help Groups (SHGs) across Tamil Nadu, in a bid to strengthen financial inclusion and support grassroots entrepreneurship. The cheques were presented by M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance, at a Mega Self Help Group Credit Outreach Programme held at the Tamukkam Convention Centre in Madurai. Speaking at the event, Nagaraju underlined the importance of capital access for livelihood activities. 'Such initiatives not only reduce the dependence on informal credit sources but also promote inclusion into the formal financial ecosystem,' he said. According to Indian Bank, the initiative is part of its broader push towards SHG empowerment. 'More than 3,000 women from various self-help groups across Tamil Nadu were part of the event. Sanction letters to the tune of Rs 1,011 crore were handed over during the mega SHG credit outreach programme,' the Chennai-headquartered bank said in a press release on Sunday. Indian Bank Managing Director and CEO Binod Kumar, along with Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh and Brajesh Kumar Singh, were also present. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like JAIN Online MBA – Empowering Future Leaders JAIN Online Learn More Undo So far, Indian Bank has supported 5.09 lakh SHGs, impacting over 60 lakh women. It currently ranks as the fourth-largest public sector bank in SHG financing, with over 10% market share and a credit portfolio of Rs 22,224 crore as of March 2025. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
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Business Standard
a day ago
- Business
- Business Standard
Indian Bank hands over sanction letters worth ₹1,011 cr to over 3,000 women
Public sector Indian Bank has handed over sanction letters worth ₹1,011 crore to over 3,000 women, extending financial support to Self Help Groups across Tamil Nadu. Ministry of Finance, Department of Financial Services, Secretary M Nagaraju presented the cheques to the beneficiaries at a Mega Self Help Group Credit Outreach Programme held at Tamukkam Convention Centre, here. In his brief address, Nagaraju emphasised that access to capital for livelihood activities is crucial. "Such initiatives not only reduce the dependence on sources of informal credits but also help inclusion into the formal financial ecosystem," he observed. "More than 3,000 women from various self-help groups across Tamil Nadu were part of the event. Sanction letters to the tune of Rs 1,011 crore were handed over during the mega SHG credit outreach programme," the Chennai-based bank said in a press release on Sunday. Indian Bank Managing Director and CEO Binod Kumar, Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh and Brajesh Kumar Singh were present on the occasion. Indian Bank has so far assisted 5.09 lakh self help groups benefitting more than 60 lakh women. The bank currently stands as the 4th largest public sector banks in SHG financing with over 10 per cent market share and a credit portfolio of Rs 22,224 crore as of March 2025, it said. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
