Indian Bank Disburses ₹1,011 Crore in Loans to Over 3,000 Women

Speedy Summary

• Indian Bank sanctioned ₹1,011 crore in financial support to over 3,000 women from Self Help Groups (SHGs) across Tamil Nadu.
• Teh cheques were presented by M. Nagaraju, Secretary, Ministry of Finance’s Department of Financial Services, during a Mega SHG Credit Outreach Programme held at Tamukkam Convention Center in Madurai.
• Mr. nagaraju highlighted the importance of access to capital for livelihood activities and noted that such initiatives reduce dependency on informal credit sources while promoting inclusion into formal financial systems.
• Indian Bank has assisted 5.09 lakh SHGs so far, benefitting over 60 lakh women and currently holds over 10% market share in SHG financing with a credit portfolio worth ₹22,224 crore as of March 2025.
• Senior officials including Managing Director Binod Kumar and Executive Directors Ashutosh Choudhury, Shiv Bajrang Singh, and Brajesh Kumar singh attended the event.

Indian Opinion Analysis
The critically important sanction by Indian Bank underlines its commitment to strengthening the financial capabilities of women-led Self Help Groups in Tamil Nadu-an essential move toward fostering economic empowerment at grassroots levels. The handed-over funds are likely to enable livelihood activities while integrating local communities into India’s formal financial system-a priority emphasized by government officials during the programme.

Indian Bank’s robust portfolio with more than ₹22,000 crore dedicated to SHG financing demonstrates its pivotal role within this sector nationally; it currently ranks as India’s fourth-largest public sector bank for SHG loans with ample outreach capacity impacting millions.

By directly targeting self-employment opportunities for women through structured initiatives like these outreach programs-held publicly-it ensures visibility and trust-building among beneficiaries while reducing reliance on high-interest informal credit systems prevalent in rural economies across India.

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