• Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use
Sunday, July 13, 2025
33 °c
Agartala
enewstime
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    Liverpool retire Diogo Jota's jersey number 20

    Liverpool retire Diogo Jota's jersey number 20

    Pat Cummins to skip white-ball series against South Africa

    Pat Cummins to skip white-ball series against South Africa

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    KL Rahul was clinical in his approach and looked in control: Anil Kumble

    Liverpool retire Diogo Jota's jersey number 20

    Liverpool retire Diogo Jota's jersey number 20

    Pat Cummins to skip white-ball series against South Africa

    Pat Cummins to skip white-ball series against South Africa

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    3rd Test: Pant is still recovering from the hit, Jurel will continue to keep wickets, says BCCI

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    Liverpool legend Steven Gerrard pays respect to Diogo Jota and Andre Silva

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    3rd Test: Pope has his 'fingers crossed' as Stokes battles injury at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    'I have asked him for some tips..': Reddy credits Cummins’ advice for bowling success at Lord’s

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

    3rd Test: Rotation of bowlers will be a critical thing, says Mel Jones

  • Business
  • Entertainment
  • Health
  • Features
  • TendersNew
No Result
View All Result
enewstime
  • Home
  • News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders
Home Business

Driving economic growth: How female SHG incomes are tripling, SBI study reveals

ENEWSTIME Desk by ENEWSTIME Desk
March 11, 2024
in Business
30
VIEWS
Share on FacebookShare on Twitter

Female Self-Help Group (SHG) members’ accounts have shown an increase in income by three times during FY19-FY24, as per a study conducted by the Economic Research Department of the State Bank of India.

The maximum increase in income of 4.6 times was seen in urban female SHG members’ accounts. Also, the maximum income increase was witnessed in the age group of less than 27 years (4.7 times).

The report said the ensemble of SHGs, now 8.5 million strong and having 9.21 crore members, is furthering a revolution whose first credible offerings can be seen in the ever-swelling proportion of ‘Lakhpati Didis’, or agile women entrepreneurs in a uniquely Indian way.

The bank-SHG linkage, after a chequered journey of three decades, can truly be dubbed as the game-changer as 97.5 per cent of the SHGs today have a bank account (82.05 lakh out of 84.93 lakh SHGs), the report said.

The robust bank relationship of SHGs as a group and its individual members, inter alia, has enabled credit onboarding in the right dosage, in time, a critical component of furthering economic value addition as it dissipates the roadblocks to a benign operating cycle, offering optimal funds at reduced RoI (interest subvention) that unlocks their marketing potential in full.

The SHG portfolio of banks is inching towards Rs 2 trillion now. Credit linkage, digital access, and targeted policy measures, coupled with an unwavering sense of entrepreneurial spirit, have ensured that female SHG members’ accounts witness income tripling during FY19-FY24 (credits in accounts), the report said.

Most of the female SHG members belong to the age group of 35 to 50 years with median age of 43 years.

In fact, income has increased for SHG members across the board. Relative income analysis suggests around 65 per cent of rural SHG members have moved upwards in terms of relative income in FY24, when compared to FY19, the report said.

Related Posts

Air India plane crash: Pilots' union seeks to join AAIB probe as observer
Business

Air India plane crash: Pilots' union seeks to join AAIB probe as observer

July 12, 2025
India’s life insurance industry to grow at 10-12 pc over 3-5 years
Business

India’s life insurance industry to grow at 10-12 pc over 3-5 years

July 12, 2025
Market drifts lower amid tariff jitters, Q1 earnings season key to lift sentiment
Business

Market drifts lower amid tariff jitters, Q1 earnings season key to lift sentiment

July 12, 2025
Air India crash: Both engines shut down after shift in fuel control switches; one pilot said he ‘didn’t do it’
Business

Air India crash: Both engines shut down after shift in fuel control switches; one pilot said he ‘didn’t do it’

July 12, 2025
Sensex, Nifty end lower as global trade worries add pressure
Business

Sensex, Nifty end lower as global trade worries add pressure

July 11, 2025
Adani Group to invest $100 billion over next five years: Gautam Adani
Business

Adani Group to invest $100 billion over next five years: Gautam Adani

July 11, 2025
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT
D-2050 D-2050 D-2050
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT

About us

Enewstime.in is run by an individual – a Journalist by profession of Tripura with the active help of several journos including senior journalists of the State. On top of that, Enewstime.in being a subscriber of IANS news agency, we have plenty of multi-choice topics to offer to our esteemed readers. Enewstime.in is a venture reach global audience from a tiny State Tripura.

Latest News

High-Stakes Battle in Rakhal Shield Tonight: Egiye Chalo Sangh vs Forward Club

AIIA’s national seminar to explore trends in Ayurvedic surgical practices

Tanzania launches int'l health clinic to boost medical tourism

Sohail Khan becomes the proud owner of Khan Tigers – a World Padel League team

Air India plane crash: Pilots' union seeks to join AAIB probe as observer

Golf: Aditi Ashok lies seventh at halfway mark in Evian Championship

Contact us

19, Old Thana Road. Banamalipur. PO. Agartala. Pin code 799001. Tripura (West), India.

Email: enewstime2017@gmail.com

Wa: 8794548041

  • Contact us
  • Advertising Policy
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Terms of Use

© 2025 Designed & Developed with ❤️ by Provibe Media LLP

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • Northeast
    • National
    • International
    • Tripura News
  • Sports
  • Business
  • Entertainment
  • Health
  • Features
  • Tenders

© 2025 Designed & Developed with ❤️ by Provibe Media LLP