Anchor bank to give loans for women self-help groups: CM Bommai
Vijayanagara, Apr 10: Karnataka Chief Minister Basavaraj Bommai on Sunday said an anchor bank in the public sector would be linked to provide bank loan to women self-help groups (SHGs).
"An anchor bank in the public sector will be linked to provide bank loan to SHGs. About 3.9 lakh women will benefit from the Rs 500-crore programme to provide financial assistance for the SHGs," said Bommai.
Speaking at a programme after participating in the Sri Seetha Rama Kalyanotsavam at Harapanahalli, Bommai said women should be stakeholders in economic development.
He said a novel programme to increase the income of women and in turn raise the gross domestic product of the State has been formulated.
The Chief Minister said the State government is functioning with the spirit of delivering governance at the doorstep of the people, putting an end to the system of people going around for various services.
Revenue documents are being delivered at the doorstep of the citizens, thus heralding a new revolution in the Revenue Department, he said.
Bommai told the gathering that all the budget programmes would be implemented in a time-bound manner and the work orders for the programmes issued before April-end. Implementation of the programmes would start by next month, he added.
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Monsoon reaches south Bay of Bengal, Nicobar Islands: IMD
New Delhi (PTI): The southwest monsoon advanced into parts of the south Bay of Bengal, south Andaman Sea, Nicobar Islands and some areas of the north Andaman Sea on Tuesday, the India Meteorological Department said.
The weather department said moderate to heavy rainfall lashed Nicobar Islands over the past two days.
The strength and depth of westerly winds over the south Bay of Bengal, Nicobar Islands and Andaman Sea increased in this period, with wind speeds exceeding 20 knots at 1.5 km above sea level and extending up to 4.5 km in some areas.
The Outgoing Longwave Radiation (OLR), an indicator of cloudiness, also decreased over the region. These conditions met the criteria for the monsoon's onset over the region, it said.
The weather office said conditions are favourable for the monsoon to advance further into more parts of the south Arabian Sea, Maldives and Comorin area; more areas of the south Bay of Bengal; the entire Andaman and Nicobar Islands; remaining parts of the Andaman Sea; and parts of the central Bay of Bengal over the next three to four days.
