Bhubaneswar, October 6: Deputy Chief Minister Pravati Parida on Tuesday released Rs 99.26 crore towards interest subvention to 1,79,809 Self-Help Groups (SHGs) here.

Parida, who holds the Women and Child Development and Mission Shakti portfolio said the move will further strengthen the financial capacity of the SHGs and their community-based organisations.

It may be noted that a budget provision of Rs 575 crore has been made for interest subvention to SHGs during the financial year 2026-27. On June 24, interest subvention of Rs 147.77 crore was also released to 2,88,198 SHGs. With today’s release, a total of Rs 247.03 crore has been released towards interest subvention in the current financial year, so far.

For 2026-27, a target has been set for Rs 20,000 crore in bank credit linkage for SHGs to ensure that they get adequate financial resources to strengthen their livelihoods and enterprises.

Today, Rs 151.28 crore was also released under various community-based financial support mechanisms, including Rs 29.31 crore as Revolving Fund to 15,526 Self-Help Groups; Rs 113.80 crore as Community Investment Fund to 371 Gram Panchayat-level Federations; and Rs 8.18 crore as Vulnerability Reduction Fund to 605 Area Level Federations.

Representatives of SHGs from different districts received cheques from the Deputy CM. From Khordha, Maa Chanchelei SHG, Sai Ram SHG and Sai Unnati SHG received Rs 38,927, Rs 37,958 and Rs 37,847, respectively, towards interest subvention.

Under the Revolving Fund component, 15,526 SHGs across 29 districts - Angul, Baleshwar, Bargarh, Bhadrak, Balangir, Boudh, Kataka, Deogarh, Dhenkanal, Gajapati, Ganjam, Jagatsinghpur, Jajpur, Jharsuguda, Kalahandi, Kandhamal, Kendrapara, Kendujhar, Khordha, Koraput, Malkangiri, Mayurbhanj, Nabarangpur, Nayagarh, Nuapada, Rayagada, Sambalpur, Subarnapur and Sundargarh - received a total of Rs 29.31 crore.

Representatives of Om Sai Ram and Hari Shankar SHGs from Kataka and Sri Satya Sai and Vaibhav Laxmi SHGs from Jajpur received cheques of Rs 30,000 each towards Revolving Fund.

Similarly, Rs 113.80 crore was released to 371 Gram Panchayat-level Federations across 26 districts. Representatives of Algum and Gadmotari Gram Panchayat-level Federations from Puri received cheques of Rs 45 lakh and Rs 35 lakh, towards Community Investment Fund.

Further, Rs 8.18 crore was released to 605 Area Level Federations across 19 districts - Angul, Baleshwar, Bargarh, Balangir, Boudh, Dhenkanal, Gajapati, Ganjam, Jharsuguda, Kalahandi, Kendujhar, Malkangiri, Mayurbhanj, Nayagarh, Nuapada, Rayagada, Sambalpur, Subarnapur and Sundargarh - towards Vulnerability Reduction Fund.

Representatives of Gundadurisahi and Karadabani Area Level Federations from Ganjam received cheques of Rs 1.50 lakh each towards Vulnerability Reduction Fund.

A Memorandum of Understanding (MoU) was also signed with Collective for Integrated Livelihood Initiatives (CINI) to further promote and expand the ‘Lakhpati Didi’ initiative.

Another collaborative MoU was signed with the Odisha Renewable Energy Development Agency (OREDA) to promote green entrepreneurship among women SHGs and encourage the adoption of renewable energy.

Mission Shakti Secretary Manasi Nimbhal, Director Dr. Monika Priyadarshini, SLBC Convenor among others attended the event.