Hyderabad
Stree Nidhi Credit Cooperative Federation Ltd. It approved an annual credit plan of 2,350 GBP for the financial year 2025-26 at the 46th meeting of the management committee, which took place here on Friday.
This plan will provide the funding of integrated development of dairy products and poultry, the activities of food processing within the PMFME scheme (Pradhan Mantri Formalization for Micro -Associations), micro -lives, continuous livelihoods and roofs of the solarium. These interventions are part of the Indira Mahila Shakti program.
When dealing with the meeting, Panchayat Raj and the Minister of Rural Development Danasari Anasuya (Seethakka), they assured that they would soon clean up the recruitment file.
The coordination committee will soon be created and will have the CEO of the Rural Poverty Remove (SERP), MD Stree Nidhi, the CEO of Telangana Mahil Abhivruddhi (TMAS) and two Stree Nidhi directors. The Committee will work on streamlining coordination with SERP and mission to remove poverty in urban areas (MEPMA).
It has been proposed that the government is to address 4% interest ration of loans extended to SHG members to roof solar units. It is expected that the subjuges will be drawn from the dividends due to the government on its own capital in Stree Nidhi.
The aim of the federation that strengthens its main mandate is to establish itself as a reliable financial institution for SHG women and offer a timely loan to meet the needs of generating income and emergency requirements. Funding support will also be extended to 3,000 local cable operators connected via Telangana Fiber Grid Corporation (T-Fiber).
The meeting was attended, among other things, CEO Serp Divya Devarajan and Stree Nidhi MD Vidyasagar Reddy.
Published – May 30, 2025 20:36
