SBI stated that women SHGs are very active and credit worthy in rural areas of Assam as it relies on social collateral rather than on financial collateral. It also empowers the women by encouraging them to create their micro enterprises for self-reliance and to maintain a sustainable economic condition.
SBI stated, “ In order to accelerate SHG finance in the Bank in a mission mode and also to percolate the very essence of Atmanirbhar Bharat Abhijan launched by Prime Minister of India to the ground level, SBI launched a programme by the name “Mahila Atmanirbharshil Aachani” (Women Self-Reliance programme) in Assam .
The basic objective of the programme is to create a strong bonding with the SHG member besides extending credit linkages to the women SHGs nurtured and sponsored by NRLM, Assam for self-reliance and economic upliftment. On launching day, SBI branches of Assam sanctioned 856 numbers of SHGs sponsored by NRLM with financial outlay of Rs. 38 crore.”
SBI plans to cover more number of women SHG for sustainable development and create opportunities for self-reliance of women.