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PM announces Rs 1,625 crore for women self-help groups

Tribune News Service

New Delhi, August 12

Prime Minister Narendra Modi on Thursday interacted with members of women self-help groups (SHGs) across the country through video-conference and released capitalisation support funds to the tune of Rs 1,625 crore to over 4 lakh SHGs.

Besides, he released Rs 25 crore as seed money for 7,500 SHG members under the PMFME (PM Formalisation of Micro Food Processing Enterprises) of Union Food Processing Industries and Rs 4.13 crore as funds to 75 FPOs (Farmer Producer Organisations) being promoted under the National Livelihood Mission.

Modi also announced that now the limit for loans available to self-help groups without guarantee had been doubled to Rs 20 lakh.

“The condition of linking your savings accounts with the loan account has also been done away with,” Modi said.

The event in which he interacted with SHG members was christened “Aatmanirbhar Narishakti se Samvad”. These members/community resource persons are promoted under the Deendayal Antyodaya Yojana-National Rural Livelihoods Mission (DAY-NRLM).

He released a compendium of success stories of women SHG members along with a handbook on universalisation of farm livelihoods.

The PM noted the contribution by these SHGs in making masks and sanitisers and providing food to the needy and spreading awareness.

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