Plans to set up bank for SHGs in Koraput

The proposed Mission Sakti Credit Cooperative Society will be the first bank of its kind in the state

PTI | September 21, 2012



Enthused by the success of women's Self Help Groups (SHGs) during last one year, Koraput district administration in Odisha plans to set up a bank for them.

If things move as per plans, the proposed Mission Sakti Credit Cooperative Society (MSCCS) in the tribal dominated area will be the first bank of its kind in the state.

"The blueprint for the cooperative society is being finalised. The bank will be launched soon. It will be like any other commercial bank and managed professionally. Apart from meeting the financial needs of the SHGs, it will also accept deposit from public", said Koraput collector Sachin Jadav.

Officials said SHGs of the district, which function under the state government's women's empowerment programme titled "Mission Sakti", was provided with a fixed fund of Rs 25 lakh.

"However, by successfully monitoring and guiding the SHGs in their activities, we have added Rs 10 lakh to the fund allocated by government in just a year's time," he said.

As many as 48 new livelihood projects like niger oil extraction units, two sanitary napkin manufacturing units, fly ash brick manufacturing units, tamarind deseeding unitsss, detergent and soap making units have been launched in the current financial year for the SHGs in the district and a fund of Rs 3.5 crore from the integrated action plan has been sanctioned for these programmes, he said.

Comments

 

Other News

Gandhian movement after Gandhi failed: Ram Guha

The Gandhian movement in India, after Gandhi’s death, failed, says Ramachandra Guha, and blames Vinoba Bhave for it. But the movement found new, fertile grounds around the world and succeeded in bringing about a change in South Africa, the US and elsewhere. It is high time it returned home. Of cour

When religion, politics and Bollywood come together

Tavleen Singh, noted journalist and political commentator, has turned to fiction, with her debut novel ‘The Actor’ (HaperCollins India). Set in the near future, it has a superstar, Amit Singh, turning to politics, when the political landscape is dominated by prime minister Guru Gaynendraj

Cabinet approves setting up of Integrated Transport & Logistics Authority

The union cabinet, chaired by prime minister Narendra Modi, on Tuesday approved the setting up of a Special Purpose Vehicle (SPV), called Integrated Transport & Logistics Authority (ITLA), to strengthen research, planning, appraisal, monitoring and impact assessment within the broad domains of Transp

Why foundational literacy and numeracy is key to school education

Foundational Literacy and Numeracy (FLN) are often described as the building blocks of education. Yet, their significance goes well beyond a child’s ability to read a sentence, write a response or solve a basic mathematical problem. These foundational skills shape how children understand the world,

When police data becomes the algorithm

For decades, policing has followed a familiar sequence: a crime occurs, the police respond, an investigation produces records and those records become part of the institutional memory of the criminal justice system. Artificial intelligence is beginning to alter that sequence. Instead of merely recording

Before India voted, the framers worried about the referee

“We are making a Constitution forever and not only for today.” Shibban Lal Saksena said this in the Constituent Assembly on June 15, 1949. He was warning that a ruling party might one day choose a loyalist to run India’s elections. Seventy-seven years later, the Supreme Court is wrestli

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter