AP govt proposes dedicated bank for women SHGs

The center to earmark Rs 200 crore for the proposed bank

PTI | June 21, 2011



Andhra Pradesh chief minister N Kiran Kumar Reddy said on Tuesday that the state government had proposed before the union government to set up a dedicated bank for women self help groups so as to improve their financial condition.

Reddy told a gathering after inaugurating the JNNURM Housing Complex in the city that the proposal was taken up with all earnest by the union rural development minister during his recent visit to Hyderabad.

The center has to earmark Rs 200 crore for the proposed bank and ask the nationalised banks to have a share in it, he said adding that if the dedicated bank for the SHGs set up then the women will have no constraints in taking loans and need not approach micro-finance institutions for petty loans.
 

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