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Interest-free loans will empower women: CM

Chief Minister N Kiran Kumar Reddy on Saturday called upon women Self Help Groups to avail the interest-free loan scheme being introduced by the State Government for their economic empowerment from January 1, 2012.

Addressing the women from Medak and Nizamabad districts, who came to congratulate the Chief Minister at his Camp Office for starting the interest-free loans, Kiran Kumar Reddy said that the scheme would benefit 1.11 crore women SHG members. Under the scheme, he said the women would be given loans to the tune of Rs 5 lakh to start industries.

The Chief Minister said that Rs 10,000 crore would be given as loans for women SHG members under the scheme. While the loan should be repaid by groups, the government would bear the interest of 14 percent amounting to about Rs 1.98 lakh in the next years. He said that the scheme is being introduced on the directions of Congress president Sonia Gandhi.

Stating that the government would announce more such schemes for women’s welfare, he appealed the women to avail the benefits of such schemes to stand on their own feet. He asked the officials to take steps to ensure that the scheme benefits are delivered at the doorsteps of women.

Ministers Sunitha Lakshma Reddy, D K Aruna, M Mahidhar reddy, Ponnala Laxmaiah and others were present in the programme. (INN)

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