Telangana Indira Mahila Shakti Scheme Big Push for Women Entrepreneurs: Minister Unveils Plan to Create “Millionaires”
Telangana Minister Seethakka inaugurates Saras Mela 2024 in Hyderabad, announcing major financial support and market access for women SHGs under the Indira Mahila Shakti Scheme. Discover the plan to turn rural women into entrepreneurs.
Hyderabad: Telangana’s Minister for Panchayat Raj and Rural Development, Dr. Danasari Anasuya Seethakka, has reaffirmed the state government’s dedication to women’s welfare and poverty alleviation through the Indira Mahila Shakti Scheme. Speaking at the inauguration of the national Saras Mela in Hitech City, the minister outlined a robust strategy to provide financial support and market access to rural women entrepreneurs.
The Saras Mela, a vibrant exhibition of rural talent, was launched at the Indira Mahila Shakti Bazaar located beside Shilparamam and will run from September 19 to September 29, 2024.
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A Vision for Economic Independence
Minister Seethakka emphasized that the true eradication of poverty is directly linked to the economic independence of women. She detailed the government’s multi-pronged approach under the Indira Mahila Shakti program to empower women by connecting them with credit, markets, and business opportunities.
“Our goal is to see women transform themselves into millionaires,” the minister declared, urging them to leverage the supportive ecosystem created by the state government. She stated that the prosperity of families and society at large depends on the progress of women.
Key Government Initiatives Announced:
- Massive Financial Support: Banks have extended loans totaling ₹27,000 crore to women’s self-help groups (SHGs). The minister highlighted the remarkable financial discipline of these groups, noting an outstanding 98% loan repayment rate.
- Prime Business Locations: The government has pledged to allocate more prime commercial spaces in Hitech City and other key locations across Hyderabad for businesses run by women. This move aims to provide rural products with direct access to urban markets.
- Proven Success Stories: As an example of entrepreneurial capability, Seethakka cited the Mahila Samakhya group in Narayanpet. This group successfully runs a petrol pump and has earned a profit of ₹13.7 lakh in just six months. Other women’s groups are now venturing into innovative fields like solar power projects.
Saras Mela 2024: A Hub for Rural Talent
The Saras Mela has become a significant platform for rural artisans and entrepreneurs to showcase their products and skills. The event is expected to draw over 10,000 visitors daily, providing a major boost to sales and networking.
Event Highlights:
- Venue: Indira Mahila Shakti Bazaar, Hitech City, Hyderabad.
- Dates: September 19 – 29, 2024.
- Timings: 10:30 AM to 9:30 PM daily.
- Exhibits: The mela features a wide array of products from women’s SHGs across Telangana and other states, including:
- Handlooms and handicrafts
- Artisanal foods and spices
- Unique tribal delicacies like forest honey and Ippa flower laddus
Strengthening the Ecosystem for Women
The minister credited the SHG movement for successfully freeing countless rural families from the clutches of private moneylenders by providing access to institutional credit.
During the event, bankers who have played a crucial role in extending credit to women’s groups were felicitated. The government also announced its vision to replicate the successful Indira Mahila Shakti Bazaar model in other urban centers across the state.
Highlighting the limitless potential of women, Seethakka pointed to their achievements in diverse fields, including space exploration, underscoring that with the right opportunities, women can excel in any domain.
The inauguration ceremony was attended by several dignitaries, including MLA Arikepudi Gandhi, Child Protection Commission Chairperson Sita Dayakar Reddy, and Women Development Corporation Chairperson Bandru Shobha, reflecting a united front in the state’s push for inclusive development.
