Nearly ₹50-crore worth bank linkage support extended to 608 women SHGs in Nagapattinam

As part of a State-level initiative to strengthen women self-help groups (SHGs) through financial inclusion, a total of ₹49.93 crore in bank linkage support and welfare assistance was distributed to 608 SHGs here on Tuesday.
The event took place at the auditorium of the Government Medical College in Orathur and was presided over by Collector P. Akash, and Kizhvelur MLA V.P. Nagai Mali.
In Nagapattinam, rural SHGs received ₹38.28 crore benefiting 417 beneficiaries. Additionally, ₹0.56 crore was distributed to 47 rural women entrepreneurs, and ₹10.09 crore was allocated to 90 urban SHGs. Furthermore, ₹0.19 crore was provided to 45 beneficiaries under the District Commercial Complex Scheme, and ₹0.81 crore to 9 beneficiaries under the Vazhnthu Kattuvom project.
The Tamil Nadu Corporation for Development of Women has been facilitating such initiatives to enhance the financial participation of women in SHGs and promote timely, low-interest bank loans to meet their economic and livelihood needs.
Among those present were R. Sarojini, Dean of the Government Medical College and Hospital, K. Divyaprabha, District Social Welfare Officer,S. Chitra, Project Director (Magalir Thittam), SHG members, and members of the public.

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