Excelsior Correspondent
JAMMU, Jan 5: Chief General Manager (CGM) State Bank of India (SBI) Circle Chandigarh Anukool Bhatnagar today distributed sanction letters to 17 SHGs amounting Rs 1.19 crore under National Rural Livelihood Mission (NRLM) programme.
Anukool Bhatnagar was accompanied by Binod Kumar Mishra General Manager, Network-III, Ajitav Parashar Deputy General Manager SBI Head J&K and Ladakh UTs, Fayaz Ahmad Wani Regional Manager RBO V and Chief Manager C M Bhat.
While addressing the Presidents and Secretaries of SHGs, Anukool Bhatnagar impressed upon the age old relationship of the State Bank of India with the Self Help Groups. He focused on the fact the SBI was created mainly to protect the rural poor from the unpleasant money lenders and to bolster rural development.
He acclaimed that the growth of SHGs is impeccable, supported by the fact that their products are sold not only in India but also in other countries. Their products are readily available at local market as well as on online platforms.
He advised the Self Help Groups to perform their activities at large scale as well, with the support from bank’s credit.
He suggested SHGs to focus on savings and keeping good record of accounting.
While concluding, he mentioned that the State Bank of India’s aim lies in the upliftment of the rural, which will be reflected by the upliftment of the Self Help Groups and the bank, is consistently performing to achieve this aim.
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