Indian Bank Disburses Rs 510 Cr To SHGs, Sets Rs 20,000 Cr Target For FY26

Indian Bank extended vital financial support to Self Help Groups (SHGs) throughout Odisha by hosting a Mega SHG Credit Outreach Program at the Railway Auditorium in Bhubaneswar as part of its ongoing efforts to promote financial inclusion and rural empowerment. The initiative is Indian Bank's commitment to the national goal of providing credit access to one crore SHG women as part of a pan-India drive by the Department of Financial Services (DFS), Government of India. This event also supports the government's "Viksit Bharat 2047" initiative, which aims to promote women-led development and inclusive progress.

9961 Self Help Groups in all got approval letters totalling Rs. 509.91 crores, giving rural women entrepreneurs pressing and life-changing financial help.

This program is a part of Indian Bank's broader strategy of providing more than Rs. 20,000 crores to SHGs across the country in FY 2026, establishing the bank as a major force behind India's economy.

"This movement is not just about credit or livelihood: it's about dignity, empowerment, and transformation. It is about women becoming leaders, communities becoming self-reliant, and a nation moving forward from the grassroots. Let us continue to support and celebrate these extraordinary women who are not just beneficiaries of schemes, but architects of a better India," commented Shri M. Nagaraju, I.A.S. , Hon'ble Secretary, Department of Financial Services, Government of India.

Indian Bank has released its provisional financial performance for the quarter ending March 31, 2025, demonstrating robust growth across all key parameters. The bank's total business surged to Rs 13.25 lakh crore, marking a 5.1% quarter-on-quarter (QoQ) growth from Rs 12.61 lakh crore in December 2024. The bank's total deposits rose to Rs 7.37 lakh crore, reflecting a 5.0% QoQ increase. Indian Bank said its gross advances climbed to Rs 5.88 lakh crore, registering a 5.2% QoQ growth. Whereas its Retail, Agriculture & MSME (RAM - Domestic) segment also witnessed healthy growth, reaching Rs 3.51 lakh crore, a 4.8% QoQ rise.

Founded in 1907, Indian Bank is a public sector bank with its main office located in Chennai. Indian Bank received the Tamil Nadu Leadership Awards' 'Best Public Sector Bank' award in the organizational category in 2024. The bank's global business was Rs 12.61 lakh crore in the December 2024 quarter.