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Govt signs MoU with 13 Banks to promote Employment in Rural Areas

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The Ministry has signed MoUs with the 13 Banks to promote employment and enterprise financing in rural areas.

List of Banks having signed MoUs with the Ministry

Sl NoName of Bank
1State Bank of India
2Bank of Maharashtra
3Bank of India
4Bank of Baroda
5Canara Bank
6Central Bank of India
7Indian Bank
8Indian Overseas bank
9Punjab National Bank
10Punjab & Sind Bank
11UCO Bank
12Union Bank of India
13IDBI Bank Ltd.

These Banks have helped generate employment in rural areas by financing Self-Help Groups (SHGs). Banks have provided a total loan of Rs.384,592.53 Lakhs to SHGs in 2024-25.

No. of Women SHG members financed for setting up individual enterprises (2024-25)

S.No.State/UTsSHG members financed (No.)Amount Financed (In Lakhs)
1Andaman & Nicobar00.00
2Andhra Pradesh73186111331.00
3Arunachal Pradesh3384.00
4Assam2168727101.00
5Bihar38344600.80
6Chhattisgarh49685674.22
7Goa96316.40
8Gujarat1590118273.22
9Haryana940928.25
10Himachal Pradesh278443.80
11Jammu & Kashmir136120.20
12Jharkhand94437189.37
13Karnataka2037829944.54
14Kerala1592823891.00
15Ladakh00.00
16Lakshadweep00.00
17Madhya Pradesh1409119781.00
18Maharashtra4851050520.30
19Manipur217164.67
20Meghalaya1580845.66
21Mizoram12093.35
22Nagaland3270.00
23Odisha00.00
24Puducherry00.00
25Punjab515507.20
26Rajasthan53844857.00
27Sikkim57.00
28Tamil Nadu3174662091.27
29Telangana00.00
30Dadra & Nagar Haveli & Daman & Diu00.00
31Tripura265412.00
32Uttar Pradesh934263.20
33Uttarakhand16481582.80
34West Bengal1077313499.28
Total282628384,592.53

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Hellobanker Team

Hellobanker.in is India's leading banking and finance news portal. Our expert team covers banking policies, RBI updates, financial markets, and investment insights.
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