MoU to Finance SHG Women in Rural India

  • Introduced by State Bank of India.
  • A specialized financial product.

Svyam Siddha:

  • For women entrepreneurs seeking loans up to Rs. 5 Lakhs.
  • To alleviate the challenges of extensive documentation.
  • To reduce the Turnaround Time (TAT).
  • Requirement of documents like quotations and Detailed Project Reports has been dispensed with.

Training toolkit package:

  • Launched to promote access to formal finance by SHG women entrepreneurs.
  • Covers topics like fundamentals of banking, concepts of financial statements, working capital calculation etc.
  • Developed in collaboration with the International Finance Corporation (IFC) under the World Bank-funded National Rural Economic Transformation Project (NRETP).
  • aims to enhance the capacities of State Rural Livelihoods Missions (SRLMs).
Posted in Current Affairs.