State Bank of India (SBI) initiated “Mahila Atmanirbharshil Aachani (Women Self-Reliance programme)” in Assam on the lines of the Atmanirbhar Bharat Abhiyanto accelerate Self Help Group (SHG) finance in a mission mode,. In this regard, SBI branches of Assam sanctioned 856 SHGs sponsored by NRLM with financial outlay of Rs. 38 crore.

KEY POINTS:

• Notably, women SHGs of Assam are very active and rely on social collateral rather than on financial collateral.

• The basic objective of the programme is to create a strong bonding with the SHG members besides extending credit linkages to the women SHGs nurtured and sponsored by National Rural Livelihoods Mission (NRLM), Assam for self-reliance and economic upliftment.