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Bank of Maharashtra has set a disbursement target of Rs 250 crore for self-help groups (SHGs) for the financial year 2011-12 against Rs 150 crore achieved last fiscal, said Mr A.S. Bhattacharya, Chairman and Managing Director, Bank of Maharashtra.
The bank has disbursed Rs 150 crore to 81,000 SHGs, he said in a press release. The bank recently opened its second branch exclusively for SHGs in Mumbai. In January, the bank had opened its first SHG branch at Hadapsar in Pune.
These branches are designed keeping in mind the need for facilities such as conference hall, library and a display counter for SHG products. The members of SHG will be given privilege treatment and the branch will assist them in preparation of project reports, documentation and record-keeping.
The bank has opened 11 branches and 22 ATMs taking the total to 1,536 branches and 415 ATMs across the country. The 11 new branches include six in Gujarat, four in Maharashtra and one in Chattisgarh, said Mr Bhattacharya.
The bank, which has so far disbursed loans worth Rs 46,000 crore, plans to add 60 more branches to its network and take its ATM tally to 500 by September 2011, he said.
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