News

Monday
May, 27

Andhra Pradesh adds 2.9 lakh new SHGs in last 4 years

Featured in:


Andhra Pradesh has witnessed a notable increase in the number of Self-Help Groups (SHGs) in the last four years. The total number ofSHGs went up to 11.16 lakh from 8.71 lakh in 2019 in the State as per the latest data. 

The loan repayment rate has reached a record level of 99.67 percent making it the top State in repayments. The rolling out of government schemes linked to SHGs and reimbursement under YSR Sunna Vaddi (zero interest) scheme and increasing economic viability of SHG activities are driving the growth in numbers, according to officials.

Government has so far reimbursed a total amount of ₹4,969 crore under the Zero interest scheme for 16,44,029 poor women who have promptly repaid bank loans taken for launching and improving their own businesses like provisional stores, tiffin centres, cloth shops and dairy farms.

The worth of non-performing assets of self-help groups has come down to 0.33 per cent from 18.36 per cent after the revival of the Zero interest scheme, which was halted in 2016.  

The Government has so far repaid an amount of ₹19,178 crore in three tranches under YSR Aasara in line with the poll promise made by the ruling YSRCP government in 2019.





Source link

Find us on

Latest articles

- Advertisement - spot_imgspot_img

Related articles

Google AI Overview calls US President Obama Muslim and...

Google AI Overview calls US President Obama Muslim and tells people to jump off a bridge; company...

‘Real turnaround year’: Suzlon Energy shares get target price...

'Real turnaround year': Suzlon Energy shares get target price revision from ICICI Sec Suzlon Energy has got back...

Mukesh Ambani is taking his giant-killer telecom playbook to...

Mukesh Ambani is taking his giant-killer telecom playbook to Africa. Should Airtel be worried? Radisys, a Reliance Industries...

Adani Enterprises shares in news today as firm to...

Adani Enterprises shares in news today as firm to consider raising of funds Adani Enterprises stock closed 8.01%...

PHD Marketing Takes Top Team to Drupa 2024

PHD Marketing Takes Top Team to Drupa 2024 Leading 360-degree B2B agency PHD Marketing is descending upon Düsseldorf...

Terinex Flexibles Opens Net Zero Co2 Rated Factory Building

Terinex Flexibles Opens Net Zero Co2 Rated Factory Building Terinex Flexibles is pleased to announce the opening of...