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GHMC Disburses Rs. 288.85 Crore to Self-Help Groups, Boosting Local Economy

WHAT'S THE STORY?

What's Happening?

The Greater Hyderabad Municipal Corporation (GHMC) has announced the disbursement of Rs. 288.85 crore in loans to 2,597 Self-Help Groups (SHGs) as part of its bank linkage program. Additionally, Rs. 1.15 crore has been sanctioned to 155 individuals through the Self-Employment Programme (SEP) to support the establishment of microenterprises. This initiative was revealed during the 79th Independence Day celebrations at the GHMC head office, where Mayor Gadwal Vijayalakshmi emphasized the government's commitment to inclusive and sustainable development. The GHMC has also formed 3,460 new SHGs this year. The Mayor highlighted success stories, including transgender youth securing jobs after training in graphic design and women receiving driving licenses to support their livelihoods. Plans for Indiramma Canteens and a Civil Registration System Portal were also announced.
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Why It's Important?

The financial support provided by GHMC to SHGs and individuals is a significant step towards economic empowerment and social inclusion in Hyderabad. By facilitating access to capital, the initiative aims to foster entrepreneurship and self-reliance among marginalized groups, including women and transgender individuals. The formation of new SHGs and the introduction of affordable meal programs and online services reflect a broader strategy to enhance the quality of life for residents. These efforts are likely to stimulate local economic growth, reduce unemployment, and promote social equity. The focus on infrastructure improvements, such as flood management, further underscores the city's commitment to sustainable urban development.

What's Next?

GHMC's future plans include the launch of Indiramma Canteens to provide affordable meals and the introduction of a Civil Registration System Portal for online birth and death certificates. These initiatives aim to improve service accessibility and support the livelihoods of Hyderabad's residents. The ongoing GIS-based survey and mapping of stormwater drains are expected to enhance flood management and drainage systems, addressing critical infrastructure needs. As these projects unfold, they may attract further investment and community engagement, contributing to the city's long-term development goals.

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