Na Anubham with Batting(Real Telugu boothu kathalu)

Sunday 9 March 2014


The country's largest private sector lender  ICICI Bank today said it is targeting to more than double its cumulative disbursements to women self help groups (SHGs) to Rs 2,500 crore by the end of the next fiscal. "We started lending to SHGs 30 months ago and have disbursed around Rs 1,000 crore till now. We are targeting to take the cumulative disbursements under the programme to Rs 2,500 crore by March 2015," said Chanda Kochhar, Managing Director and Chief Exective, ICICI. Over 70,000 SHGs across 164 districts in seven states have borrowed from the bank till now, which has directly helped 1 million women, she said, adding the number of beneficiaries will rise to 2 million by the end of FY15. The bank lends at 14 percent per annum to SHGs for one to three years, and the average ticket size of such loans is Rs 1.6 lakh, she said. It disbursed Rs 330 crore in last fiscal (FY13), which is expected to rise further to Rs 850 crore by the end of this fiscal, Kochhar said, announcing that the initiative will be rolled out in three new states in the next year. The bank already has a presence in Maharashtra, Gujarat, Tamil Nadu, MP, Rajasthan, Karnataka and Kerala, while Chhattisgarh, Bengal and Orrissa will be added.

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