TRLM provides bank loan of Rs 320 Cr to 32,000 SHG women in Tripura


TRLM provides bank loan of Rs 320 Cr to 32,000 SHG women in Tripura

Agartala, Mar 15 (UNI) The Deputy Chief Minister for Finance and Rural Development Portfolios, Jishnu Dev Varma, announced on Tuesday that the Tripura Rural Livelihood Mission (TRLM) has registered huge success in providing bank loans of Rs 320 Cr and community investments of Rs 166 Cr, as well as a revolving fund of Rs 17.45 Cr to around 32,000 Self Help Groups (SHGs) in the state so far. The budget for the current year will be presented on Wednesday. He claimed that more than 29 lakh households had been brought under the SHG in the last four years of the BJP government. No less than 1399 village organizations, 35 federations at cluster level were promoted during this period. In addition to the establishment of 284 personalized employment centers, a total of 58,712 women farmers have been promoted under the TRLM. “The SHG movement in Tripura was started a long time ago with the support of the central government and an administrative structure was also put in place, but everything was very slow and largely dysfunctional. After the BJP-IPFT government came to power in 2018, we prioritized this sector for the empowerment of our women and it has started bearing fruit now,” Dev Varma attributed. He further pointed out that SHGs have played a pivotal role in boosting the rural economy and after the government led by Narendra Modi at the center came to power, it received a boost associated with development activities skills, entrepreneurship development initiatives and business linkages downstream of SHG products. Over the past seven years, he has shown phenomenal contribution to the rural economy across the country, especially in the northeastern states. The core of TRLM’s financial inclusion and investment strategy is to make the poor the preferred customers of the banking system and to mobilize bank credit, which facilitates poor households’ access to reliable financial services for the poor. , said Dev Varma, who added, “These include financial education, bank account, savings, credit, insurance, remittance, retirement and advice on financial services.” UNI BB RN

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