Karimnagar Shines in PMFME and Bank Loan Disbursement: A Celebration of Achievement and Call to Action
Karimnagar district has emerged as a champion in both the implementation of the Prime Minister’s Formalization of Micro Food Processing Enterprises (PMFME) scheme and the disbursement of bank loans under various government initiatives. This remarkable achievement was lauded by Collector Pamela Satpathy during a review meeting with bankers on Wednesday.
Leading the Way in PMFME:
Karimnagar secured the top spot in the entire state for successfully grounding 572,190 units under the PMFME scheme.
Bakery, spices, flour mills, and rice-based units were among the key areas benefiting from this initiative.
This impressive accomplishment highlights the district’s commitment to empowering micro-entrepreneurs in the food processing sector.
As of February 13, 2024, Karimnagar surpassed its target by disbursing a staggering ₹67,769.26 crore in bank loans to 10,643 self-help groups (SHGs).
This represents a remarkable 105.83% achievement of the set target, showcasing the district’s dedication to financial inclusion and empowerment.
Loans were distributed across various sectors, with the highest allocation going to agriculture and allied activities (₹3,528.12 crore), followed by MSMEs (₹1,551.52 crore) and housing (₹225.18 crore).
Building on Success: A Call to Action
While celebrating this achievement, Collector Satpathy emphasized the need for sustained efforts. She urged bankers to:
Sanction loans are pending in the proposal stage to further accelerate financial assistance.
Focus on loan recovery by ensuring timely repayments from beneficiaries under various schemes.
Maintain the momentum to solidify Karimnagar’s position as a leader in economic development and financial empowerment.
BRS Working President Urges Women to Brainstorm on Services Required
Hyderabad: BRS working president KT Rama Rao on Sunday assured to come up with a women-exclusive manifesto, besides working out plans to extend loans to women entrepreneurs in manufacturing and service sectors in urban areas at much lower interest rates.
Increase in institutional deliveries from 31% to 61%
Substantial decrease in infant and maternal mortality rates
Streenidhi, a Non-Banking Financial Corporation created in association with women’s Self-Help Groups
Kalyana Lakshmi and Women’s University delivered despite not being promised in the manifesto
Amma vodi program to pick up and drop pregnant women for checkups
Collaboration with a private company to produce vaccines for women with negative blood groups
Mental fortitude and mental strength are qualities admired in women
Recognition of women sports superstars like Sania Mirza, Saina Nehwal, PV Sindhu, Jwala Gutta, Nikhat Zareen, and Isha Singh
BRS Working President’s Interaction with Women
Rama Rao, while interacting with women at a program in Hyderabad on Sunday, urged them to brainstorm on the services required in the women’s manifesto. He suggested considering services like exclusive open gyms, more women’s universities, and free shuttle services from Metro stations for the convenience of passengers, especially at night.
Government’s Initiatives for Women’s Empowerment
The State government has established WE-Hub and four exclusive women’s industrial parks, including Sultanpur, Nandigama, and Koheda. Additionally, 10% of plots in industrial parks have been earmarked for women in Telangana.
On the safety and security front, the government is drafting cybercrime legislation to address cyberbullying and online harassment of women. Telangana is set to become the first State to enact such legislation.
Efforts to Address Social Issues
The government has provided safe drinking water to 10 million homes and established 200 minority schools to address social issues affecting women. Nearly 1.15 lakh students, including 50,000 young women, are pursuing education in these schools.
Healthcare Initiatives for Women
Institutional deliveries have increased from 31% to 61% due to the government’s focus on healthcare for women. Infant and maternal mortality rates have also seen a significant decline.
Financial Empowerment of Women
The Streenidhi scheme, a Non-Banking Financial Corporation created in association with women’s Self-Help Groups, has provided financial assistance to women in rural areas. The repayment rate for loans under this scheme is 99.99%.
Women’s Welfare Programmes
The government has implemented several women’s welfare programs, including Kalyana Lakshmi and the establishment of a women’s university. The Amma vodi program provides transportation for pregnant women to attend checkups.
Collaboration with Private Sector
The government is collaborating with a private company to produce vaccines for women with negative blood groups, who have a 14% higher risk of blood loss and mortality during pregnancy. Telangana will be the first State to implement this initiative.
Admiration for Women’s Qualities
Rama Rao expressed his admiration for women’s mental fortitude and mental strength, qualities he believes men often lack. He also acknowledged the achievements of women sports superstars from Telangana, including Sania Mirza, Saina Nehwal, PV Sindhu, Jwala Gutta, Nikhat Zareen, and Isha Singh.
