Rs 6 cr in loans approved for 1,672 self-help groups

Loans worth about Rs 6 crore have been approved for 1,672 self-help groups of Rupnagar district with an aim to improving the lot of women living in rural areas.

Deputy Commissioner Himanshu Jain said Punjab State Rural Livelihood Mission (PSRLM) was a joint mission being run by the Centre and State Government under which women of poor families in villages were linked with the self-help groups. The loan approvals will further give the boost to the self-help groups.

“Through self-help groups, the habit of saving has been promoted among women. The government also provides financial assistance from time to time so that the women can run small self-employment ventures, with which they can increase their family income and rise above the poverty line,” he said.

In the loan fair, DCOs and managers of various banks, including Lead UCO Bank, Punjab Gramin Bank Mianpur, Punjab Sindh Bank Khairabad, Punjab Gramin Bank, HDFC Bank Morinda and Sri Anandpur Sahib, Punjab Gramin Bank Bunga Sahib, Punjab National Bank Daburji, Punjab Gramin Bank Malikpur, Punjab Gramin Bank Kheda Kalmot participated in the loan fair.