Andhra Bank Launches scheme to push Entrepreneurship

Posted on:22 Nov 2017 12:52:34
Andhra Bank Launches scheme to push Entrepreneurship
22 November 2017 Current Affairs: Andhra Bank launched a new scheme for self-help groups (SHGs) to encourage entrepreneurship.

The scheme, Pattabhi Sitaramayya — Self Business Group (PS-SBG) has been introduced to commemorate the 138th birth anniversary of its founder Bhogaraju Pattabhi Sitaramayya, and the Silver Jubilee of the SHG-Bank linkage programme in the country.

Under the scheme, SHGs having five years of association with Andhra Bank and having successfully completed three credit rotations with good repayment record and an aptitude for entrepreneurship will be eligible for a loan.

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