On September 19, 2020, State Bank of India (SBI) initiated “Mahila Atmanirbharshil Aachani (Women Self-Reliance programme)” in Assam on the lines of the Atmanirbhar Bharat Abhiyanto accelerate Self Help Group (SHG) finance in a mission mode,. In this regard, SBI branches of Assam sanctioned 856 SHGs sponsored by NRLM with financial outlay of Rs. 38 crore.
- Notably, women SHGs of Assam are very active and rely on social collateral rather than on financial collateral.
- The basic objective of the programme is to create a strong bonding with the SHG members besides extending credit linkages to the women SHGs nurtured and sponsored by National Rural Livelihoods Mission (NRLM), Assam for self-reliance and economic upliftment.
Recent Related News:
i.SBI has launched “KCC (Kisan Credit Card) Review option” on its digital agricultural solution platform, YONO (“You Only Need One”) Krishi. With this application the farmers can access their KCC limit in the virtual platform.
ii.SBI has partnered with India’s First Real-Time Group Negotiation E-Platform, AddaCorner to launch ‘Online Home Carnival’, which will help in boosting the Real Estate market in Bangalore. Along with the launch of ‘Online Home Carnival’, AddaCorner was also launched.
About State Bank of India (SBI):
Chairperson– Rajnish Kumar
Headquarter– Mumbai, Maharashtra