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Saturday, September 5, 2009
~e General Post Office at Shillong has disbursed the first 1 :icro-credit loan, sanctioned by ABARD to self help groups (SHGs). The first cheque of Rs 25,000
was disbursed to a domestic workers group,
an SHG from Madanriting in the city by ~
chief post master general and Kachari and
ABARD general manager Arvind Menon.
Post master general, E Circle, Shillong, M Lawphniaw, and members of the group
were present at the function organized at GPO.
So far, 40 SHGs have already registered with the post office in Shillong to avail of micro-loans, but the domestic workers group was the only qualified group selected for the purpose. This project was first implemented in 2006 as a pilot project in a number of post offices in two districts of Tamil Nadu.
The loans are provided by NABARD and the post offices disburse them to SHGs. The interest rate is 9
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