Vijay's Credit Push Distributes Rs 3,000 Crore to Women's Groups
Vijay's mega credit push for women's self-help groups has distributed Rs 3,000 crore so far, as reported by India Today. The drive puts large sums of loan money into the hands of women's groups, which often run small local businesses.
Context
Context: Self-help groups are small groups, usually of women, that pool savings and lend to members, and banks often lend to them in bulk. Government credit drives for these groups are a long-running way to support women's incomes and household finances.
Burning Potato score: 68%