WOMEN EMPOWERMENT IS THE NEED OF THE HOUR

Saturday, August 3, 2013

Self-employment loans for women raised to 10 lakh

THIRUVANANTHAPURAM: Setting the ground for a major breakthrough in women empowerment, the state government would give guarantee on National Finance Corporation'sRs45-crore loan for the Kerala State Women Development Corporation (KSWDC).

With this, the self-employment loans for women will be raised from Rs 1 lakh to Rs 10 lakh. In addition to women from backward and minority communities, financially backward women in the general category will also be provided the loans, said KSWDC chairperson P Kulsu and managing director S M Arif.

The awareness drive for women empowerment will be strengthened. Women's cells will be constituted in 40 colleges, including co-ed colleges. A women's hostel will be set up in Kozhikode this year. Training girls and women in self-defence will form part of self-empowerment programme.

Revising the eligibility criteria for the self-employment loan, the annual earning limit of the applicant will be raised from Rs 40,000 to Rs 80,000 in rural areas and Rs 55,000 to Rs 1.30 lakh in urban areas, so that maximum number of women would benefit, KSWDC officials said.

The KSWDC is the only agency in the state that offers women loans at very low interest rates. The scheme is expected to benefit about 5,000 women this year, the officials said. For girls in backward, minorities and scheduled caste communities, loans up to Rs 20 lakh will be offered for higher studies abroad, they said.

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