TN CM Stalin launches Rs 2,750 Cr loan distribution to Women SHGs

Tamil Nadu Chief Minister MK Stalin launched a loan distribution of Rs 2,750 Cr for the women Self Help Groups in the state on Tuesday. He said that he intends to achieve a target of providing Rs 20,000 crore loan to SHG.

Tiruvallur: Tamil Nadu Chief Minister MK Stalin on Tuesday disbursed loans worth of Rs.2,750 crore to a total of 58,463 Women Self Help Groups (SHG). Around 7.5 lakh women across the state will be benefited from this scheme.

Addressing the beneficiaries in the event at Tiruttani, CM Stalin Said, "The Women SHG was launched first time in India by former DMK government led by M Karunanidhi way back in 1989, in the Dharmapuri district. Now there are around 7.2 lakhs women in the SHG." he said.

He added that the current DMK government has set a target to provide Rs 20,000 crore loan to SHG this year. He also interacted with SHG group members from other districts through video conferencing.