A Memorandum of Understanding (MoU) for financing women Self-Help Groups (SHGs) was signed between the State Bank of India (SBI) and the Odisha livelihoods Mission (OlM) at a function here on Tuesday.
The function was presided over by SBI Chief General Manager (CGM), Bhubaneswar Circle BVG Reddy and the chief guest was Panchayati Raj Department Secretary DK Singh.
The MoU was signed by Additional Secretary and State Mission Director and CEO Pranabjyoti Nath on behalf of OlM and SBI Deputy General Manager, Agri Business Unit, Bhubaneswar Circle Arun Aggarwal on behalf of SBI.
SBI CGM Reddy said the partnership between OlM and SBI will go a long way in financing women SHGs in the State.
Panchayati Raj Department Secretary Singh said the MoU between SBI and OlM is a very giant step in enhancing financial inclusion in the State which is one of the most important priorities of the Government of Odisha.
Among others, SBI, Bhubaneswar Circle General Manager (Network-I) AK Chowdhury and GM (Network-II) Anil Johari were present.