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Empowering Women, One Sanction at a Time: Indian Bank Disburses Rs 1,011 Crore to SHGs

Updated: July 15, 2025 09:52

Image Source: Times of India
In a landmark initiative to boost financial inclusion and grassroots entrepreneurship, Indian Bank has handed over sanction letters worth Rs 1,011 crore to more than 3,000 women from Self Help Groups (SHGs) across Tamil Nadu. The announcement was made during a Mega SHG Credit Outreach Programme held at Tamukkam Convention Centre in Madurai on July 13, 2025.
 
Key Highlights:
  • Over 3,000 women beneficiaries received sanction letters totaling Rs 1,011 crore.
  • The event was presided over by M Nagaraju, Secretary, Department of Financial Services, Ministry of Finance.
  • The initiative aims to reduce reliance on informal credit and integrate women into the formal financial ecosystem.
Strategic Impact:
  • Indian Bank has supported 5.09 lakh SHGs to date, positively impacting over 60 lakh women.
  • The bank ranks as the fourthlargest public sector lender in SHG financing, holding over 10% market share.
  • Its SHG credit portfolio stands at Rs 22,224 crore as of March 2025.
Leadership Presence:
  • Indian Bank’s Managing Director and CEO Binod Kumar, along with Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh, and Brajesh Kumar Singh, attended the event.
  • The outreach program emphasized the role of capital access in enabling sustainable livelihoods and womenled enterprises.
Outlook:
  • The move is expected to catalyze rural development and foster economic resilience among women entrepreneurs.
  • It also reinforces Indian Bank’s commitment to inclusive banking and social empowerment.
Sources: The Hindu, Times of India, Economic Times, Outlook Business, MSN India.

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