credit outreach program to disburse loans under various Government

credit outreach program
credit outreach program

A mega credit outreach program to disburse loans under various Government sponsored
schemes like AIF, KCC, PMFME, PMEGP, PMMUDRA, PMSvanidhi, SHG etc., through
banks, was organised on November 25th at Mamom Ground, Attingal, Trivandrum. The
program was organised by Indian Overseas Bank, Lead Bank for Trivandrum, and Canara
Bank,  State Level Bankers Committee Convenor for Kerala state. Other Banks in the
District have participated in the program. Bank loans have been disbursed to 1,52,784
beneficiaries amounting to Rs.6,015 crores under various Government sponsored
schemes. Additionally, beneficiaries under various schemes of NABARD and SIDBI were
given sanction letters.
The credit outreach program aimed at showcasing the commitment of various banks
towards upliftment of poor, women, Self Help Groups, street vendors, micro and small
enterprises, farmers etc and bringing them into mainstream.
Honourable Union Minister of Finance and Corporate affairs Smt. Nirmala Sitharaman
graced the occasion in the presence of Shri V Muraleedhran, MoS for External Affairs and
Parliamentary Affairs, Dr. Vivek Joshi, Secretary, DFS, Shri. Ajay Kumar Srivastava, MD &
CEO of Indian Overseas Bank, Shri. Satyanarayana Raju, MD &CEO of Canara Bank, Shri. Shaji KV, Chairman NABARD, Shri Sivasubramanian Raman Chairman, SIDBI along with representatives from various banks, Government Officials, beneficiaries, and school
children totalling to approx. 5,000 people, turning this event into collaborative effort for the
betterment of community.
During the program, Smt. Nirmala Sitharaman also handed over a cheque of Rs. 3 lakh to
Principal, V H SS Kallara School for purchase of furniture and study material under CSR
activity of Indian Overseas Bank. On behalf of Government of India, Chandrayan-3 Model
was handed over to selected children of 10 schools in Trivandrum District to motivate them
towards Science & Technology.