Canara Bank disburses loans worth Rs 10 crore to self-help groups

Chennai: As part of its ‘Mega SHG Disbursement Drive’, Canara Bank’s Chennai circle distributed loans worth Rs 10 crore to members of around 50 self-help groups (SHGs) at an event in Urapakkam on Thursday, an official release said. stated in.

About 250 members of these self-help groups from Chennai, Kancheepuram, Tiruvallur and Chengalpattu districts participated in the event, which was presided over by Nalini Padmanabhan, Director, Canara Bank.

Canara Bank DGM C Jayakumar, DGM Y Shankar and KM Padmanabhan, Knowledge Partner, Infinite Vision India Foundation, spoke at the event on financial awareness and empowerment.
According to the release, the program emphasized the importance of savings by SHGs and their entrepreneurial development.