Latest news with #StreeNidhi
Hans India
03-06-2025
- Business
- Hans India
Jupally distributes Rs 15 cr aid to women's groups
Mahabubnagar: In a major initiative, Excise Minister Jupally Krishna Rao distributed Rs 15 crore in aid to women's groups, farmers, and housing beneficiaries at a grand event held at the Mahabubnagar District Collectorate on Monday. The Minister sanctioned Rs 10 crore in bank linkage loans to 130 women's self-help groups and Rs 5 crore under Stree Nidhi to 212 women beneficiaries, empowering rural women to pursue entrepreneurship and economic independence. The Minister distributed Indiramma Housing Sanction Letters to 14 beneficiaries from Mahabubnagar, Jadcherla, Devarakadra, and Gandet Mandal of Parigi constituency. Each beneficiary will receive Rs 5 lakh financial support for house construction under the prestigious scheme. Additionally, four beneficiaries who have already completed the foundation work of their houses were each handed Rs 1 lakh cheques by the Minister.
The Hindu
30-05-2025
- Business
- The Hindu
Stree Nidhi approves ₹2,350 crore credit plan for 2025-26; Seethakka assures action on staff recruitment
HYDERABAD Stree Nidhi Credit Cooperative Federation Ltd. approved an annual credit plan of ₹2,350 crore for the financial year 2025-26 at the 46th Managing Committee meeting held here on Friday. This plan will provide financing for integrated dairy and poultry development, food processing activities under the PMFME (Pradhan Mantri Formalisation of Micro Food Processing Enterprises) scheme, micro-enterprises, climate-resilient livelihoods, housing, support for Farmer Producer Organisations (FPOs), canteens, and rooftop solar units. These interventions form part of the Indira Mahila Shakti programme. Addressing the meeting, Panchayat Raj and Rural Development Minister Danasari Anasuya (Seethakka) assured to clear the file pertaining to recruitment of the staff soon. A state-level coordination committee will be constituted soon and would have the CEO of the Society for Elimination of Rural Poverty (SERP), MD of Stree Nidhi, CEO of Telangana Mahila Abhivruddhi Samstha (TMAS), and two directors of Stree Nidhi. The committee will work on streamlining coordination with SERP and the Mission for Elimination of Poverty in Municipal Areas (MEPMA). It was proposed that the government be approached to provide a 4% interest subvention on loans extended to SHG members for rooftop solar units. The subvention is expected to be drawn from dividends payable to the government on its equity in Stree Nidhi. Reinforcing its core mandate, the federation aims to establish itself as a reliable financial institution for SHG women, offering timely credit to meet both income-generation needs and emergency requirements. Financing support will also be extended to 3,000 local cable operators connected through the Telangana Fiber Grid Corporation (T-Fiber). SERP CEO Divya Devarajan, and Stree Nidhi MD Vidyasagar Reddy, among others, attended the meeting.
Hans India
26-05-2025
- Hans India
Excise dept cracks whip on belt shops
Eluru: District Excise Superintendent Aavulaiah said that steps have been taken to ensure that there are no belt shops anywhere in Eluru district. Addressing a press conference at his office here on Sunday, he said that the district is taking strict action against liquor shops and that 456 cases have been registered so far and 478 persons have been arrested. Five wine shops in Kukunoor, Eluru Rural, Pedavegi mandal and Bhimadolu, which are supplying liquor to belt shops, have been seized and a fine of Rs 5 lakh each has been imposed. There are a total of 155 licensed liquor shops in the district and steps are being taken to ensure that liquor shops sell liquor strictly at MRP. Extensive checks are being carried out to prevent liquor from being sold in some shops after 10 pm. Cases have been registered against Kanakadurga Wines in Yerraguntapalli of Chintalapudi mandal, which is selling liquor in excess of MRP. He said that consuming liquor in public places is a crime and cases have been registered against 70 persons who consumed liquor in public places in the district. He said that Eluru district will be made an arrack-free district by May 31. He said that there are 140 villages in the district that are preparing arrack. He said that raids have been conducted in those villages and steps have been taken to stop the preparation of arrack. Alternative employment is being provided to them through the Navodayam-2 scheme. He said that steps are being taken to provide interest-free loans to 138 women from 35 families in that village through the Unnati and Stree Nidhi schemes and to set up self-employment units. He said that complaints about liquor belt shops and arrack anywhere in the district can be made on the toll-free number 14405 and immediate action will be taken.
Hans India
23-05-2025
- Business
- Hans India
Minister launches Stree Nidhi digital recovery app
Vijayawada: Minister for MSME and SERP Kondapalli Srinivas on Thursday launched Stree Nidhi Recovery App in Vijayawada. Stree Nidhi, which plays a crucial role in providing timely and affordable credit to the poor SHG members to alleviate poverty, has initiated digital process to repay the loans for their benefit. Stree Nidhi has taken steps to provide necessary loans to poor women within 48 hours through modern technological methods like mobile technology and biometrics, in collaboration with government, banks, and other financial institutions. To accelerate the loan repayment process, ensure financial transparency, and enable beneficiaries to achieve progress in payment security, Stree Nidhi and Union Bank of India have jointly developed a digital app named 'Stree Nidhi', informed Stree Nidhi managing director Hariprasad. Speaking on the occasion, Minister Srinivas, the chief guest, stated that due to illiteracy, rural women waste a lot of time making traditional repayments of their loans. Additionally, lack of understanding of financial transactions and clarity on how much they have repaid can make them cheated, potentially increasing their financial burden. Considering these factors, the Minister expressed delight that Stree Nidhi is moving towards modern technology to accelerate the financial progress of rural women and protect them from falling prey to microfinance. He added that providing the facility for payments through the Stree Nidhi App, in a digital format, will benefit the beneficiaries. He congratulated the banking partners, who collaborated through CSR funds to implement the App. Union Bank General Manager Bhaskar Rao expressed happiness at Union Bank being a partner in the digital payment app. SERP CEO Vakati Karuna stated that Stree Nidhi is an integral part of the SERP organisation and contributes to the financial development of poor women in rural and urban areas.
Hans India
09-05-2025
- Politics
- Hans India
MLA Sunitha distributes cheques to beneficiaries
Ramagiri: Raptadu MLA Paritala Sunitha emphasized the importance of timely loan repayments by women who have availed financial assistance through self-help groups. Speaking at a loan distribution event organised by DRDA at Ramagiri Mandal, she cautioned women against falling prey to private loans and urged them to utilize the funds for self-employment rather than household purchases. A total of Rs 3.41 crore in Stree Nidhi loans was distributed to 398 women from 106 self-help groups across the mandal. The event was attended by DRDA officials, SHG members, and TDP leaders. MLA Sunitha highlighted how Chief Minister Chandrababu Naidu empowered women who once confined themselves to kitchens and farms, transforming them into independent entrepreneurs. She recalled the previous Pasupu Kumkuma scheme, where Rs 10,000 was given to each woman, and criticised the YSRCP for being misleading the public in past elections, which she said led the State into decline. Sunitha assured that all promises made before the election would be fulfilled. She announced that under the upcoming 'Amma Ku Vandanam' scheme, each child in eligible households will receive Rs 15,000 this month. Similarly, financial aid will be provided to farmers under the 'Annadata Sukhibhava' scheme. She also encouraged citizens to apply for new ration cards, make necessary updates, and mentioned that new pensions would be rolled out soon.
