1.4 lakh SHGs receive an interest-free loan of 70.46 crore

Backward classes Welfare Minister Chap. Venu Gopala Krishna claimed Friday that £ 70.46 million in loans were deposited into the accounts of 1.40 lakh support groups under the Sunna Vaddi program in East Godavari district.

An amount of £ 52.35 crore has been deposited into the accounts of 87,357 SHGs in the rural East Godavari district.

Mr. Venu Gopala Krishna participated in the Sunna Vaddi program payout program in a video conference at the Collectorate and stated that the state government is determined to provide financial support to SHGs despite financial challenges.

“The timely disbursement of the loans will encourage SHG members to find a secure livelihood through a smart investment,” said Venu Gopala Krishna. East Godavari collector D. Muralidhar Reddy and other officials attended.

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