A MEGA SHG OUTREACH CAMP ORGANIZED BY INDIAN BANK

A Mega SHG Outreach camp was organized at Rail Auditorium, Chandrasekharpur, Bhubaneswar on 06.12.2022 by Indian Bank in the august presence of Hon'ble MD & CEO, Shri Shantilal Jain, Smt. Pragyansmita Sahu , Director Department of Financial Institutes, Govt. of Odisha, FGM Bhubaneswar Shri Manoj Das and Binod Kumar Jena, Joint Secretary, Mission Sakti. Similar Camps are also organized at various locations in the State of Odisha. Mrs Pragyansmita Sahu , Director Institutional Finance, while addressing the gathering advised that SHGS are the backbone of rural population. Timely financing to SHGS empowers the women and make them financially independent. Bank should provide need based timely assistance to SHG. Mr. Shanti Lal Jain in his key note address observed that the Indian Bank is a pioneer in Self Help Group financing. Bank has launched various schemes like SHG Shakti to sanction loans above Rs 10 lakhs to Rs 20 Lakhs without any collateral Security, SHG Nirmal for Water & Sanitation, SHG Grihalakshmi for Housing to SHG Members. Bank has organized SHG outreach programme at Rajasthan on 29.10.22 and at Guwahati on 15.11.22. As part of the program we are organzing SHG outreach programme at Bhubaneswar. In the outreach program, Bank has sanctioned Rs. 126 Cr. to 2910 SHGS in Odisha State. Besides 729 SHGS of Madhya Pradesh and Chhatisgarh state are also assisted to the tune of Rs 20 Crores. Mr. Manoj Das in his speech encouraged beneficiaries to make judicious use of the financial services offered by the bank.