Finance Minister Nirmala Sitharaman Facilitates Disbursement of Rs 1,143.05 Crore in Loans during Credit Outreach Programme in Maharajganj, Uttar Pradesh

 

Maharajganj:  In a significant boost to financial inclusivity, Finance Minister Smt. Nirmala Sitharaman presided over the Credit Outreach Programme in Maharajganj, Uttar Pradesh, where she handed over sanction letters and cheques from banks to beneficiaries under various Central Government schemes. The event witnessed the disbursal of loans amounting to a substantial Rs 1,143.05 crore, benefiting more than 40,000 individuals.

The Credit Outreach Programme, a concerted effort to bring financial assistance closer to the grassroots, saw Finance Minister Sitharaman personally overseeing the distribution of sanction letters and cheques to eligible beneficiaries. The loans, sanctioned under various Central Government schemes, aim to empower individuals and businesses, fostering economic growth and prosperity in the region.

During her address at the event, Smt. Nirmala Sitharaman emphasized the government’s commitment to supporting economic development at the grassroots level. She highlighted the importance of these financial initiatives in providing individuals with the necessary resources to realize their entrepreneurial dreams and contribute to the overall economic progress of the nation.

The disbursed loans cover a diverse range of sectors, including agriculture, small and medium enterprises, and other allied industries. The Credit Outreach Programme is a crucial step towards ensuring that the benefits of financial assistance reach those who need it the most, promoting economic resilience and self-sufficiency among the local populace.

The Finance Minister expressed her satisfaction at the widespread participation in the programme, acknowledging the efforts of the banking institutions and government officials involved in facilitating the disbursement process. She reiterated the government’s commitment to fostering an environment that encourages entrepreneurship and economic empowerment.

The beneficiaries, who received their sanction letters and cheques during the event, expressed gratitude for the support extended by the Central Government. Many highlighted the transformative impact these loans would have on their livelihoods, enabling them to expand their businesses, invest in agricultural activities, and improve overall economic well-being.

The Credit Outreach Programme in Maharajganj reflects the government’s proactive approach in ensuring financial accessibility to the grassroots level, aligning with the broader vision of inclusive and sustainable economic growth. The Finance Minister’s hands-on involvement underscores the significance of such initiatives in uplifting communities and promoting financial independence.

The success of the Credit Outreach Programme in Uttar Pradesh is expected to set a positive precedent for similar initiatives across the country, reaffirming the government’s dedication to fostering economic development and prosperity at every stratum of society.