In a bid to empower rural women, Jharkhand State Livelihood Promotion Society (JSLPS) signed a Memorandum of Understanding (MoU) on Wednesday with HDFC Bank to provide credit linkage to Sakhi Mandals in the State.
Sakhi Mandals in the State will be benefited by coming forward of private sectors lenders for credit linkage to Sakhi Mandals, said Jharkhand State Livelihood Promotion Society (JSLPS) Chief Executive Officer (CEO), Nancy Sahay, Chief while the signing of MoU with HDFC Bank on Wednesday.
Appreciating this initiative, Sahay said that other private sector lenders will also be encouraged by the initiative of HDFC Bank to provide credit linkages to Sakhi Mandals so that they can do their business and the benefit of this will be for the sisters of Sakhi Mandal, they will have options available for credit linkage and will not face any problem.
“Now other private banks are also coming forward to provide loans to the Skhai Mandals in the State through credit linkage. The MoU has been signed between HDFC Bank and JSLPS to connect Sakhi Mandals of the State with credit linkage” said Sahay.
The JSLPS Chief Executive Officer and Regional Head, Sustainable Livelihood Initiative, HDFC Bank, Vivek Kumar by signing the MoU jointly started the work to provide credit linkage through HDFC Bank in the State.
JSLPS under the Department of Rural Development is constantly trying to connect rural women in the State with credit linkage. HDFC Bank is the first private bank to join the initiative of providing credit linkage to Sakhi Mandals in the State. The representatives of the bank talked about more help under the CSR item for the livelihood of Sakhi Mandals in the State in the coming days.
Under the Deendayal Antyodaya Yojana, National Rural Livelihood Mission, about 2.6 lakh Sakhi Mandals have been formed. Out of these, an amount of Rs 2000 crores has been made available to about 1.5 lakh Sakhi Mandals as credit linkage. This amount has been linked by the Government banks.