Collectors directed to ensure bank linkage of MSGs in Odisha

With the state government focusing on the empowerment of Women SHGs through interest-free loans up to Rs 5 lakh for Mission Shakti Groups (MSG), the Housing and Urban Development (H&UD) department on Sunday urged district Collectors, Municipal Commissioners, and Executive Officers of Urban Local Bodies (ULBs) to ensure bank linkage for MSGs with work orders.

The district Collectors have been asked to lay emphasis on the sanction of credit through a special drive involving MSGs and bankers. 

The objective behind such a move is to create awareness about the Chief Minister’s announcement regarding interest subvention benefits. 

However, there is a condition for the MSGs to execute the MUKTA project. The condition is that a selected MSG must not be a bank defaulter. 

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Laying emphasis on the collective responsibility of concerned officials, COs, CMMs, and MUKTA teams across 115 ULBs, the department has asked them to proactively ensure bank linkage for MSGs holding work orders in 2023-24. 

Similarly, the district Collectors have been directed to create awareness about interest subvention benefits among SHG members and give a concerted effort including special drives involving MSGs and Bankers to facilitate on-the-spot loan sanctions.