T.N. Minister distributes financial assistance to SHGs in Cuddalore

Minister for Housing and Urban Development B. Rajkumar on Thursday disbursed financial assistance to the tune of ₹132.15 crore to 1,090 women self-help groups (SHGs) under various livelihood schemes in Cuddalore.

The assistance would benefit 13,741 members of rural and urban self-help groups in the district, he said.

Mr. Rajkumar said the government was implementing schemes and extending credit support to help women expand their business ventures and become financially independent. Against a bank credit target of ₹1,543 crore for 2026-27 in Cuddalore district, loans totalling ₹667.75 crore had so far been extended to 7,807 women SHGs.

He said bulk loans ranging from ₹50 lakh to ₹1 crore were being provided to panchayat-level federations. Credit linkages, livelihood schemes and assistance under various schemes had helped 50,338 SHG members improve their livelihood.

The Minister said employment-linked vocational training was being provided to unemployed young men and women from poor families under the Deen Dayal Upadhyaya Grameen Kaushalya Yojana to improve their livelihood.

The Minister also handed over awards to Indian Bank and HDFC Bank for their performance in extending credit to women SHG’s during the current fiscal.

Collector Sibi Adhithya Senthil Kumar was present.