Modi to transfer Rs 1,000 cr to 1.6 lakh SHGs in UP

Modi to transfer Rs 1,000 cr to 1.6 lakh SHGs in UP

About 80,000 SHGs will receive Community Investment Fund at Rs 1.10 lakh each

Prime Minister Narendra Modi will on Tuesday transfer Rs 1,000 crore into the accounts of 1.60 lakh self-help groups (SHGs) and Rs 20.20 crore to 1.01 lakh beneficiaries of the Mukhya Mantri Kanya Sumangala Yojana in Uttar Pradesh.

He will also lay the foundation stone of 202 supplementary nutrition manufacturing units when he visits Prayagraj on Tuesday.

According to the government spokesman, about 80,000 SHGs will receive Community Investment Fund at Rs 1.10 lakh each and 60,000 SHGs will get Rs 15,000 each as revolving fund.

The Prime Minister will then transfer Rs 20.20 crore to 1.01 lakh beneficiaries of Mukhya Mantri Kanya Sumangala Scheme under which conditional cash transfer is made to a girl’s account at various stages, with each being entitled to Rs 15,000 in total.

“So far, 9.92 lakh girls have benefitted and after fund transfer on Tuesday, 1.01 lakh more beneficiaries will be added. The Prime Minister will also transfer monthly stipend of Rs 4,000 to 20,000 banking correspondent sakhis,” a spokesman said.

Modi to transfer Rs 1,000 cr to 1.6 lakh SHGs in UP
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The state government aims to employ a banking correspondent sakhi in all 58,189-gram panchayats.

So far, 56,875 women have been selected, out of which 38,341 have been trained and certified.

In another program, the Prime Minister will lay the foundation stone of 202 supplementary nutrition manufacturing units.

The cost of each unit is approximately Rs 1 crore. The units are being funded by SHGs and will employ 4,000 members and benefit 60,600 SHGs by paying against their equity.

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