An allocation of Rs 535 crore has been passed by the state assembly
Odisha has become the first state in the country to ensure financial inclusion and extend banking services to unbanked areas through Self Help Groups (SHGs). The state government has signed an agreement with State Bank of India in this regard.
“This is a historic agreement to leverage the reach and resources of Odisha Livelihood Mission (OLM) under which SHGs operate, to provide banking facilities to people in unbanked areas. Odisha is a pioneer state in carrying forward financial inclusion through close cooperation between SHGs and banks,” said Rajnish Kumar.
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