Wednesday, April 22, 2026

Odisha disburses ₹208.35 crore interest subvention to over 2.67 lakh SHGs

During a programme organised in Bhubaneswar today, ₹208.35 crore was disbursed as interest subvention to 2,67,131 Self-Help Groups (SHGs) across Odisha against their bank loans

Continue reading

March 24, 2026
Odisha Latest

Bhubaneswar: During a programme organised in Bhubaneswar today, ₹208.35 crore was disbursed as interest subvention to 2,67,131 Self-Help Groups (SHGs) across Odisha against their bank loans.

In the financial year 2025–26, a total of ₹724.39 crore has been reimbursed as interest subvention to 3,80,763 SHGs, further strengthening women-led financial inclusion initiatives.

To bolster grassroots institutions, financial assistance was also extended under various schemes. A sum of ₹6.43 crore was provided as Revolving Fund to 3,510 SHGs. Additionally, ₹57.05 crore was disbursed as Community Investment Fund to 180 Gram Panchayat Level Federations (GPLFs), while ₹1.40 crore was extended to 101 Cluster Level Federations (CLFs) under the Vulnerability Reduction Fund.

Addressing the programme, Deputy Chief Minister and Minister of Mission Shakti Pravati Parida said women have emerged as key drivers of social and economic transformation in Odisha. She emphasised that as SHG members become economically stronger and self-reliant, they are laying a strong foundation for a developed state.

She urged women to effectively utilise financial assistance provided under various government schemes, reinvest their earnings prudently, improve financial literacy, and remain vigilant against rising cyber frauds.

Parida also interacted virtually with SHG members and officials from districts including Koraput, Balasore, Kalahandi, Ganjam, and Keonjhar.

She also held discussions with grassroots-level functionaries such as Bank Mitras, Krushi Mitras, and Pashu Mitras to assess the effectiveness of programme implementation.

Senior government officials were also present at the event.

About the Author
Surya Narayan Pradhan

Surya Narayan Pradhan, the Senior Content Writer, has worked with Financial Express and Financial World in New Delhi prior to his association with OTV. (Twitter: @netizensurya).

728x90 Advertisement

You May Also Like


DISCLAIMER
All content on this website is the exclusive property of Eastern Media Limited. Any downloadable material, including but not limited to electronic or digital versions of the newspaper (e-paper) in any format, is provided solely for personal use. Unauthorized dissemination, distribution, circulation, or publication of any content or e-paper (whether in PDF or other formats) by any means, including on social media platforms, without prior authorization, permission, or license is strictly prohibited.