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Home > DSMS >Activities of DSMS>Arranging
Credit Input.
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| Arranging Credit Input. |
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Many of the rural Swarozgaris have
talent and skill to produce many rural products.
But the real handicap is availability of money to
commence the venture. Most of them borrow money
from outside sources at exhorbitant rate of interest.
Banks are not readily helping hand to those who
need credit in time. Those who get money at usurious
rate will often loose all their income to settle
the interest.Hence availability of credit at lesser
rate and at time is the crucial for promotion of
rural products.
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DSMS comes in handy for such needs.
DSMS availed Rs. 15 Lakhs as loan from IOB Pudukkottai
and arranged to distribute to various activity oriented
SHG for income generating activities. So far 76
SHGs have availed loan to the tune of Rs. 24 Lakhs,
from DSMS.
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The committee comprises of Project
Officer DRDA, Project Officer Mahalir Thittam, Secretary
DSMS and NGO representative scrutinises the applications
received form the SHGs and arrange to distribute
loan. Hardly it takes only one week for processing
and sanction for loan
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Loans for commencing ‘Production
centers’ for producing Cost effective, and
eco friendly construction materials such as Compressed
Earth Block, Hollow Block, Cover slabs is worth
mentioning. So far 7 SHGs have availed Rs.1.8 Lakhs
for this purpose.Assistance to commence PDS outlets,
Trychogramma production in tie up with EID Parry
& M/s Swaminathan Foundation, Fish Processing
etc. were worth mentioning.
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This is apart from 31 Quarry SHGs
availed loan for paying lease amount and commencing
quarrying activity
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