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Self-help groups in Jharkhand receive ₹13,659 crore credit linkage support since 2019
The Statesman Siliguri
|April 04, 2025
The Jharkhand government has taken significant steps to empower rural women by strengthening self-help groups (SHGs) through bank credit linkage.
Under the leadership of Chief Minister Hemant Soren, the initiative has gained momentum, ensuring financial support for SHG members and boosting rural economic growth. Since December 2019, over 2.67 lakh Sakhi Mandals have been linked to banks, with more than ₹13,659 crore in credit assistance provided. Additionally, 53,293 new groups have been formed in this period.
According to official data, Jharkhand now has 2.91 lakh SHGs, compared to the pre-2019 count, when credit linkage stood at only ₹545.30 crore. With a ₹14,204 crore increase in SHG credit linkage, the initiative is proving to be a key driver of women's empowerment and rural economic development. Through simplified loan processes, women have engaged in various livelihood activities, ensuring financial independence and sustainable income sources.
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