In an attempt to build a self-reliant Tripura and empower women of the SHGs, the state government has decided that the SHGs from now onwards may take loans at 6 percent interest rate from cluster level federations instead of 9 percent interest rate.
The SHG may give loans at 7 percent interest rate instead of 12 percent to their members. Members of the SHGs may take loans from rural organisations at 4 percent interest rate and members may take loans from SHGs at 5 percent interest rate.
Tripura is the first state in the country to give loans to the SHGs at such low rates.
The state government has welcomed the women members of the SHGs to improve their socio economic conditions and quality of living of their families through income-based works.
TRLM Additional CEO SC Sinha has informed that through this ground-breaking decision loans can be taken in easy instalment by the women SHGs rural organisations and cluster level federation can financially strengthen their economy base by taking advantages of such opportunity.
Under TRLM, 29, 430 women SHG members have taken loans for different kinds of income-based works. They take these loans from their group funds, rural organisations, cluster level federation and banks. To get loans at easy instalments is a significant side for the SHG members. About Rs 311 crore has been granted for rural organisations of SHGs and cluster level federations. So far, there have been several exchanges of loans between the SHG and their members. Apart from this, the women SHGs were given loans of about Rs 295 crore under TRLM
Representative pic taken from internet