Sunday, August 22, 2010

Rs. 736 crore bank loan target for The Nilgiris in the current fiscal

Chennai, August, 22:


A total of Rs. 642 crore loan was disbursed to different sectors in The Nilgiris District during 2009-10. The target for the current financial year has been raised by 16% to Rs. 736.58 crore, said Thiru P.M. Krishnan, the District Lead Bank (Canara Bank) Manager.  He was addressing the Women Empowerment Day function of the Bharat Nirman Public Information Campaign being organised in Gudalur, today. 

            During the last financial year, the total sanctioned loan amount was Rs. 7 crore more than the target, he added in his presidential address. This is besides personal loan, but inclusive of educational loan. Out of the total amount, Rs. 387 crore was sanctioned for agricultural sector, Rs. 123 crore for small sector, and Rs. 132 crore for other sectors.

            With the aim of achieving 100% financial inclusion for all sections of population, the banks are helping each household to open and operate a bank account, said Thiru Krishnan. The average loan repayment of Women Self-Help Groups was between 90%  98%.  While explaining the steps to get educational loan, he added that in The Nilgiris, out of 7,500 educational loans sanctioned, Rs. 115 crore was yet to be repaid.

            In her special address, Tmt. Hanna Dixon, Asst. Project Officer, TN Women Development Corporation, Ooty, stressed that the Women SHGs should not only aim at improving the welfare of the members, but also of the overall development of their villages. In her address, the District Women Protection Officer, Tmt. P. Maragathavalli, detailed the provisions of the Domestic Violence Act. The Superintendent of Social Welfare Department, Tmt. G.V. Kausalya, explained the various schemes being implemented by the Department. Mahalir Thittam Asst. Project Officer, Thiru Joseph, also addressed the gathering. 

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