Dy CM Bhatti Promises Unlimited Financial Support to Empower Women
Deputy Chief Minister Bhatti Vikramarka stated that the State government is prepared to allocate any amount of money to empower women to achieve financial independence.
Hyderabad: Deputy Chief Minister Bhatti Vikramarka stated that the State government is prepared to allocate any amount of money to empower women to achieve financial independence. He made these remarks during an event where he distributed interest-free loans to women’s self-help groups in Yousufguda, part of the Jubilee Hills Assembly constituency in Hyderabad, on Saturday.
The Deputy Chief Minister said there is no need to approach moneylenders, and women will no longer have to rely on high-interest moneylenders for capital. He alleged that women’s groups were neglected during the previous BRS government, and for the last 10 years, no one paid attention to women’s self-help groups.
“In Hyderabad, there are 63 lakh members in self-help groups, with 5,09,957 members across 50,764 groups in 30 circles under GHMC jurisdiction. The state government plans to significantly increase this number in the coming days,” Bhatti Vikramarka said.
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The Deputy Chief Minister said many poor and middle-class families in Hyderabad rely on women running small businesses alongside their husbands to support their households. However, high-interest loans from moneylenders often consume their profits, he said.
The government, under the leadership of Chief Minister Revanth Reddy, aims to make one crore women millionaires in the next five years. Despite doubts from opposition parties and some individuals about the feasibility of providing ₹20,000 crore in interest-free loans annually, the government has already disbursed ₹21,632 crore in the first year, setting a record and proving its commitment, he said.
Through MEPMA, ₹41.51 crore in interest-free loans were distributed in the form of cheques, benefiting 8,130 women in the Jubilee Hills constituency.
Ministers Seethakka, Ponnam Prabhakar, and Vivek Venkataswamy, GHMC Mayor Gadwala Vijayalakshmi, and Congress leaders, including Mohammed Azharuddin, were present in the programme.
