State sanctions Rs 231 cr interest waiver on WSHG loan

Sambad English Bureau Published On : Mar 3, 2014 at 4:25 PM

Odisha Sun Times Bureau
Bhubaneswar, Mar 3:

In accordance with its earlier announcement, the Odisha government today sanctioned Rs 230.55 crore from the State Plan fund for waiver of interest on the loan provided to a total of 5.90 lakh Women Self Help Groups (WSHGs) from 2013-14 to 2016-17 fiscal for their various economic development programmes.

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A proposal to this effect was approved by chief minister Naveen Patnaik.

Besides, the state government also sanctioned Rs 24.49 crore for Mission Yuva Shakti of which Rs 15.86 crore has been earmarked for micro enterprise, Rs 5.02 crore for exposure tours of SHG members and panchayat representatives and Rs 2.19 crore for payment of honorarium to volunteers of Adarsh Gram Vikash and finance literacy.