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NT Bureau
Chennai, Feb 15:
 

TN Chief Secretary L K Tripathy at the inauguration of the mobile branch of the Repco Bank Ltd and the Economic Development Programme for fisherwomen self-help groups (SHGs) in Chennai yesterday.

        Chief Secretary of the Government of Tamilnadu L K Tripathy appealed to all bankers in the country to come forward to launch mobile branches that would help in the upliftment of the poor and reach out to the marginalised sections in society.

        He was inaugurating the mobile branch of the Repco Bank Ltd and the Economic Development Programme for fisherwomen self-help groups (SHGs) here yesterday.

        Suggesting that bankers need not be tentative about launching such mobile branches, the Chief Secretary, said this silent revolution was the right project to help uplift those people living below the poverty line.

        'With the efforts of the Repco Foundation for Micro Credit, the bank's subsidiary, in providing financial assistance for the purchase of fish drying machines, production of fishing nets and sea weed, fishermen would be able to earn their livelihood even during the lean season,' Tripathy said.

        He also said that such assistance would be extended to agricultural labourers and weavers.

        Hailing the fact that the recovery of loans from the SHGs was at a rate of 95.59 percent, Tripathy said that women SHGs were the vital force behind empowering women in the state.

        Speaking on the occasion, Repco Bank chairman S Audiseshiah said that the same mobile branch facility, when launched in Nilgris three years ago had greatly eased the lives of the people there.

        'We need the support of the government in making this project a success,' he said.