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 Industry & Economy - Rural Development


Canara Bank to form SHGs in Kerala

Our Bureau

THIRUVANANTHAPURAM: Canara Bank intends to set up 1,900 self-help groups (SHGs) in the State, according to Mr M. V. Shenoy, Assistant General Manager, Regional Office, Kollam.

Inaugurating the SHG orientation-cum-sensitisation programme for branch managers in Kollam, Thiruvananthapuram, Kottayam and Pathanamthitta districts, Mr Shenoy said the bank had a current exposure of Rs 10 crore under the SHG programme in the State. In Kollam district, the bank proposed to link 500 SHGs.

The bank also had a massive credit expansion programme in the agricultural sector by significantly revising upwards term loan outstandings, boosting the kisan credit card scheme clientele base and promoting agricultural exports. The projected outlay for the bank as a whole was Rs 9,000 crore.

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