Bhubaneswar: Reiterating commitment on Socio- Economic development and upliftment of Women through its Sustainable Livelihood Initiative, today HDFC Bank disbursed Rs 7.22 crore as loan to 395 Self Help Groups (SHG) consisting of 3134 members spread across 28 Districts in Odisha. Today the bank organized a Mega Digital Loan Disbursement event for SHGs of different districts of Odisha with the support of Department of Mission Shakti through virtual mode.
Sujatha R Karthikeyan, Commissioner cum Secretary, Department of Mission Shakti Odisha chaired the meeting and encouraged all Women SHG’s to focus and scaling up own livelihood. She also highlighted the importance and ways in expanding economic activities by taking the Loan from Bank, timely repayment and improve earning and also briefed that in digital era, Banks have come out with innovative ways of reaching customers doorstep to facilitate lending and banking.
Mission Shakti Senior official Binod Jena, Joint Secretary guided all SHG’s on training all members for proper handholding for their betterment. Senior Officials of Mission Shakti Amiya Ranjan Pani, Financial Advisor, Sudhansu Sekhar Nayak, OSD and Dr CS Mishra, Team Leader and all the specialist from Mission Shakti from the districts were also present in this function. Mission Shakti Senior Officials and District Administrations had also joined the Virtual meet and facilitated Digital Disbursements.
Deepak Kumar Singh, Senior Vice President and Circle Head of HDFC Bank mentioned the importance of financial independence of Women in society and mentioned that SHG’s are path to success and progress in Odisha. Singh briefed all on the way forward for the progressive lending by Bank in this Financial Year. State Head of Sustainable Livelihood Initiative (SLI) Sanjeev Mishra mentioned that HDFC Bank started lending to Women Self Help Group since 2011.
In the journey of 10 years Bank has lend Rs 2100 crore (approximately) in Odisha covering 28 Districts, 51 Locations and benefiting 6.15 lakh households. Mishra also mentioned that Bank will be lending another 100 crore in this Financial Year to Mission Shakti SHG’s. HDFC Bank has disbursed 12.41 crore to Mission Shakti SHG’s in this FY till 31st August. Today’s event of Digital disbursement was one of its kind of making loan available at doorstep.
Debendra Sahoo, SLI Cluster Head , Soubhagya Sahoo Assistant Vice President and Sourav Pradhan Senior Manager were present in the virtual event of Loan Disbursement.
Deepak Kumar Singh Singh highlighted on the strategic collaboration with Mission Shakti will definitely help the SHGs of Odisha for their financial upliftment as well as promote entrepreneurship for Women empowerment which will also help in Nation Building.