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Odisha Chief Minister Naveen Patnaik launched the Interest Subvention Program for Self Help Groups

Bhubaneswar: 9/1/23:Odisha Chief Minister Naveen Patnaik launched the Interest Subvention Program for Self Help Groups (SHGs) operating under the Mission Shakti Department in the state.

Under the initiative, Rs 125 crore interest on loans taken by the Self Help Groups will be reimbursed.

The interest component was transferred to the bank accounts of the 2.5 lakh Mission Shakti groups of 30 districts.

Interest amounting to Rs 1200 crore for these loans will be borne by the state government as part of its initiative to strengthen Mission Shakti groups and empower women, he said.

May be an image of 7 people and people standing

The Chief Minister handed over cheques to members of five Mission Shakti groups who were present at the launch of the programme. Women members of other groups of all districts and blocks joined the programme through video conference.

Referring to various steps taken by the state government to strengthen Mission Shakti groups, the Chief Miniter said loans up to Rs five lakh are being extended without any interest. Similarly, revolving funds of Rs one crore for district level federation and Rs 50 lakh for block federation are provided to promote entrepreneurship among women. In the next five years, loans of Rs 50,000 crore will be provided without any interest. Rs 1200 crore interest for these loans will be borne by the government, he said.

On this occasion, the Chief Minister also inaugurated first Mission Shakti Bhawan in Jajpur district through video conferencing.

About Editor in chief

Ashok Palit has completed his graduation from Upendranath College Soro, Balasore and post graduation from Utkal University in Odia Language and literture.. He has also carved out a niche for himself as a scribe of eminence after joining the profession in 1988. He is also an independent media production professional. He brings loads of experience to Advanced Media, Ashok Palit as a cineaste has been active in film criticism for over three decades. As a film society activist, he soared to eminence for his profound commitment to the art film appreciation and aesthetics of cinema. His mode of discourse is often erudite but always lucid and comprehensible marked by a perfect acumen so rare in the field. A film aesthete with an immense fond of critical sensibilities, he wrote about growth and development of odia cinema in New Indian Express, The Times of India, The Hindustan Times, The Asian Age and Screen. He has been working as an Editor for Cine Samaya from 2002-2004.. He had made solid contribution on cinema in many odia Dailies and weekly such as Samaj, Prajatantra, Dharatri, Samaya, Satabadi, and weekly Samaya.

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