ENA Sectors 2025-04-21 16:27:39 <p><span style="font-size:14px"><strong>Chennai, Apr 21 (KNN)</strong> Indian Bank, a public sector lender headquartered in Chennai, has announced plans to disburse Rs 20,000 crore to Self-Help Groups (SHGs) across India in the current financial year (FY26). </span></p> <p><span style="font-size:14px">This initiative aims to empower grassroots women entrepreneurs and support inclusive economic growth.</span></p> <p><span style="font-size:14px">In a recent 'Mega SHG Credit Outreach Programme' held in Bhubaneswar, the bank sanctioned Rs 509.91 crore to 9,961 SHGs. </span></p> <p><span style="font-size:14px">The event was attended by M Nagaraju, Secretary of the Department of Financial Services, Binod Kumar, MD &amp; CEO of Indian Bank, and Mahesh Kumar Bajaj, Executive Director. </span></p> <p><span style="font-size:14px">This programme is part of a nationwide effort to provide credit access to one crore women SHG members, aligning with the government's 'Viksit Bharat 2047' vision for inclusive development.</span></p> <p><span style="font-size:14px">The Reserve Bank of India (RBI) has also encouraged banks to simplify loan procedures for SHGs, making financing more accessible and inclusive. </span></p> <p><span style="font-size:14px">SHGs play a crucial role in promoting savings habits and income-generating activities among women, contributing to their economic empowerment.</span></p> <p><span style="font-size:14px">Indian Bank's commitment to this initiative underscores its dedication to supporting women-led development and fostering financial inclusion at the grassroots level.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41809 https://knnindia.co.in/news/newsdetails/sectors/indian-bank-to-disburse-rs-20000-crore-to-self-help-groups-in-fy26 2025-04-21 16:27:39 knnindia.co.in