Nagaland Rural Bank on Monday awarded Rs 1.31 crore in loans to seventy-five Self Help Groups (SHGs) under the Nagaland State Rural Livelihoods Mission (NSRLM) as a part of the Azadi Ka Amrit Mohatsav celebration to commemorate 75 years of India’s Independence.
Nagaland Chief Minister Neiphiu Rio handed over the cheque to the NSRLM-SHGs during the Independence Day celebration at the Secretariat Plaza in Kohima.
75 Self Help Groups (SHGs) under @NSRLM2 were given Rs. 1.31 Crores loan from Nagaland Rural Bank. The cheque was handed over to NSRLM-SHGs by Chief Minister @Neiphiu_Rio during the #IndependenceDay celebration at the Secretariat Plaza, Kohima on 15th Aug 2022.@dipr_nagaland pic.twitter.com/YDOo282Lq2
— MyGov Nagaland (@MyGovNagaland) August 15, 2022
This falls in line with the initiative by the Ministry of Rural Development on creating “Lakhpati SHG Women” which enables SHG women to earn at least Rs 1 lakh per annum.
The amount awarded will help the SHGs and their households in income-generating activities at the household level ranging from Agriculture and allied, Livestock, NTFP (Non-timber Forest Products) and other interventions.
