Bhubaneswar, Feb. 22 -- In a big announcement for the Self Help Groups (SHGs) in the State, the Odisha government on Saturday announced to refund the interest collected on loans taken by the groups.

The announcement was made by Odisha CM Mohan Majhi on his X handle.

As per the post, interest on loans up to Rs 10 lakh taken by the SHGs will be returned to the concerned groups.

This measure is set to be implemented in the financial year 2024-25, highlighting the government's commitment to empowering communities at the grassroots level.

According to the announcement by CM Majhi, the government will forgo Rs 300 crore in interest for more than three lakh SHGs. This initiative seeks to alleviate the financial pressure on these groups, enab...