Mission Shakti Department disburses ₹208.35 crore interest subvention to over 2.67 lakh SHGs

THEBUSINESSBYTES BUREAU

BHUBANESWAR, MARCH 24, 2026

Declaring that women are now leading the State’s development journey, Deputy Chief Minister Pravati Parida on Tuesday announced the disbursement of ₹208.35 crore as interest subvention to over 2.67 lakh Self-Help Groups (SHGs), reinforcing the Government of Odisha’s commitment to women-led development aligned with the vision of Viksit Bharat.

Speaking at a special programme held at Mission Shakti Bhawan in Bhubaneswar, the Deputy Chief Minister and Minister of Mission Shakti emphasised that women have evolved from beneficiaries of welfare initiatives to powerful drivers of socio-economic transformation. She stated that economically empowered SHG members are not only strengthening household incomes but also contributing significantly to the State’s inclusive growth trajectory. Urging women to make optimal use of financial support extended under various schemes, she encouraged them to reinvest their earnings productively, enhance financial literacy, and remain alert to the growing threat of cyber crimes.

During the programme, the Deputy Chief Minister virtually interacted with SHG members and officials from Koraput, Balasore, Kalahandi, Ganjam and Keonjhar districts to review grassroots implementation of government initiatives and ensure that interest subvention benefits have effectively reached intended beneficiaries. She also engaged with Bank Mitras, Krushi Mitras, Pashu Mitras and other grassroots functionaries to assess the impact of various interventions aimed at strengthening rural livelihoods.

As part of the financial support package, interest subvention amounting to ₹208.35 crore was disbursed to 2,67,131 SHGs across the State against their bank-linked loans. In the financial year 2025–26 alone, a cumulative ₹724.39 crore has been reimbursed as interest subvention to 3,80,763 SHGs, underlining the scale of the State’s commitment to strengthening women-led enterprises.

Further reinforcing grassroots institutions, ₹6.43 crore was provided as Revolving Fund to 3,510 SHGs, while ₹57.05 crore was disbursed as Community Investment Fund to 180 Gram Panchayat Level Federations (GPLFs). An additional ₹1.40 crore was extended to 101 Cluster Level Federations (CLFs) under the Vulnerability Reduction Fund to support economically vulnerable groups and enhance livelihood resilience.

The programme was attended by Commissioner-cum-Secretary of Mission Shakti Mansi Nimbhal, Joint Secretary Mamata B., Additional Secretary Jyoti Shankar Mohapatra, General Manager of UCO Bank Bhagwat Singh Bhakuni, along with senior officials of Mission Shakti and allied institutions. A large number of SHG members, executive committee representatives and district-level officials participated virtually, highlighting the widespread reach and impact of the initiative aimed at accelerating women-led development across Odisha.