𝗖𝗼𝗻𝘀𝗲𝗾𝘂𝗲𝗻𝗰𝗲𝘀 𝗼𝗳 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝗯𝗿𝗼𝗸𝗲𝗻 𝗽𝗿𝗼𝗺𝗶𝘀𝗲 𝘁𝗼 𝘄𝗼𝗺𝗲𝗻 Credit growth to Self Help Groups is vital and is regarded as the lifeblood of rural economy. Credit growth indicates productive investments strengthening the SHGs' income generating ability and contributing to their sustainability. Declining credit growth indicates lower investment, thereby lower incomes and resultantly lower consumption, clearly indicating the distress. The negative year-on-year State Government tax revenues growth of 3.22% during FY 2025-26 also evidences this fall in consumption and economic distress. Interest subvention to SHG loans is vital for promoting SHG credit growth. During the period of the YSRCP Government between 2019-24 the direct support given by the Government to the SHG sector through interest subvention alone is Rs. 4,969 crores. Further YSRCP Government through programmes such as Aasara and cheyutha provided immense support to SHG women enabling them to stand on their feet. The TDP-JSP have made a commitment in their Manifesto to the effect that, 'The loan limit up to which SHG loans interest subvention scheme is applicable would be increased from Rs. 3 lakhs to Rs. 10 lakhs'. As usual after assuming power, the TDP alliance hoodwinked the people by ignoring the commitment made. Let alone interest subvention on the increased loan limit, even the existing interest subvention programme has been rendered ineffective with no support whatsoever. Amount under interest subvention released during 2024-25 is 'zero', budgeted for FY 2025-26 is Rs. 100 crores and released is 'zero', budgeted for FY 2026-27 is again Rs. 100 crore and likely release is zero. Even if we assume Rs. 6,00,000 debt with respect to every SHG group, the interest subvention amount in tune with the commitment of TDP can be estimated to be around Rs. 3,000 crores. Therefore, during the first two years of the TDP alliance Government, the amount that the beneficiaries were deprived of is Rs. 6,000 crores. Owing to the steps taken by YSRCP government, the credit growth to SHGs demonstrated a heathy growth during 2019-24 and the lack of support by the present Government resulted in decline in credit growth from Rs. 49,696 crores in FY 2023-24 to Rs. 41,623 crores in FY 2024-25 and further to Rs. 41,105 crores in FY 2025-26. #🆕Current అప్‌డేట్స్📢 #🗞పాలిటిక్స్ టుడే #🏛️రాజకీయాలు #🟢వై.యస్.జగన్ #📰ఈరోజు అప్‌డేట్స్