GURUGRAM: Comparing women self-help groups with MSMEs (micro, small and medium enterprises) Union rural development and panchayati raj minister Giriraj Singh has said that the former are better borrowers and repayers and are poised to play a big role in achieving Prime Minister Narendra Modi’s dream of a five trillion dollar economy.
“MSMEs have bank leakage of Rs 13.2 lakh crore, while women self-help groups have leakage of just Rs 5.5 lakh crore. MSMEs have non-performing assets (NPAs) or bad loans of around 9.3%, while women self-help groups have NPAs of just 2.4%,” said Singh, who was in Gurugram to inaugurate National Saras Mela in Sector 29 on Saturday.
According to the minister, the Union government is trying to connect around 10 crore women with self-help groups by 2024. “At present, around 8.5 crore women are connected with self-help groups, the number was just 2.35 crore in 2014 when the NDA government under Modi came to power,” he said.
“We are working to make all the women associated with these self-help groups ‘Lakhpati’ by increasing their individual income of Rs 10 lakh per annum,” said Singh. “During the Congress rule in Haryana, only around 8,000 women were associated with self-help groups, now the number has increased to 5.30 lakh.”
Singh also urged people to purchase items produced by women self-help groups. “In Gurugram and other cities, people go to malls and purchase an item for Rs 10 which cost just Re 1. The packaging of products made by women self-help groups may not be as good as those available in malls but in terms of purity and quality, they are much better.”
The Saras Aajeevika Mela 2022, where more than 200 rural self-help groups and craftsmen from 27 states of the country are participating, will end on 23th October.
“MSMEs have bank leakage of Rs 13.2 lakh crore, while women self-help groups have leakage of just Rs 5.5 lakh crore. MSMEs have non-performing assets (NPAs) or bad loans of around 9.3%, while women self-help groups have NPAs of just 2.4%,” said Singh, who was in Gurugram to inaugurate National Saras Mela in Sector 29 on Saturday.
According to the minister, the Union government is trying to connect around 10 crore women with self-help groups by 2024. “At present, around 8.5 crore women are connected with self-help groups, the number was just 2.35 crore in 2014 when the NDA government under Modi came to power,” he said.
“We are working to make all the women associated with these self-help groups ‘Lakhpati’ by increasing their individual income of Rs 10 lakh per annum,” said Singh. “During the Congress rule in Haryana, only around 8,000 women were associated with self-help groups, now the number has increased to 5.30 lakh.”
Singh also urged people to purchase items produced by women self-help groups. “In Gurugram and other cities, people go to malls and purchase an item for Rs 10 which cost just Re 1. The packaging of products made by women self-help groups may not be as good as those available in malls but in terms of purity and quality, they are much better.”
The Saras Aajeevika Mela 2022, where more than 200 rural self-help groups and craftsmen from 27 states of the country are participating, will end on 23th October.
