Tuesday, 02 January 2024 12:17 GMT

Tamil Nadu Government Announces Loan Assistance For Women's Self-Help Groups


(MENAFN- AsiaNet News) The Tamil Nadu government provides bank loan linkages to women's self-help groups for their socio-economic development. From 2021-2025, a bank loan of Rs.1,21,415.40 crore has been provided to these groups.

The Tamil Nadu government implements all poverty eradication programs with the primary objective of inclusive socio-economic development of women. The Tamil Nadu government is a pioneer by starting a separate institution called the Tamil Nadu Women's Development Corporation for the socio-economic advancement of women.

Considering the economic needs of self-help groups, bank loan linkages are provided for their smooth functioning.

In that respect, the government headed by Tamil Nadu Chief Minister Stalin has provided Rs.21,392.52 crore to 4,08,740 women self-help groups in the financial year 2021-2022, Rs.25,642.01 crore to 4,49,209 women self-help groups in the financial year 2022-2023, and Rs.30,074.76 crore to 4,79,350 self-help groups in the financial year 2023-2024. A record has been set by providing Rs 35,189.87 crore to 4,84,659 self-help groups in the financial year 2024-2025

Following the announcement by the Chief Minister of Tamil Nadu in the budget for the year 2025-2026 to provide a bank loan linkage of Rs 37 thousand crore to women of self-help groups, as of 18.07.2025, a bank loan linkage of Rs 9,113.24 crore has been provided to 13,58,994 members belonging to 1,04,538 self-help groups.

In the four years since the Dravida model government headed by the Chief Minister of Tamil Nadu took office, a bank loan linkage of Rs 1,21,415.40 crore has been provided to 2 crore 50 lakh 44 thousand 448 women of self-help groups belonging to 19,26,496 self-help groups, creating a record and supporting the growth of self-help groups. It has been said in the announcement.

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