SLCM Group disburses ₹84.8 cr to 19,000 women beneficiaries

SLCM Group (Sohan Lal Commodity Management) It said it has paid out more than Rs 84.8 crore to more than 19,000 women beneficiaries till 2022-23 through Kisandhan (BC) Business Reporter Partnership Lending Scheme.

A media release reports that the company has taken on about 10,000 female recipients in the past five months, which is not only a significant increase in the program’s reach, but also indicates the program’s growing scope. female farmers to improve their social and economic stability.

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Quoting Sandeep Sabharwal, CEO of SLCM Group, the statement said: “We strive to make a significant impact on the lives of small farm owners and their families. During our analysis, we noted that women’s participation in agriculture and allied sectors remains poor, mainly due to the lack of access to credit and empowerment for stabilization. We also noticed that women lack decision-making power despite their ownership of land. Women in agriculture earn only 70 percent of the wages of men, which strongly indicates gender inequality in the field. The launch of the Kisandan Agri Finance business unit aims to address this pressing issue and ensure that women can lead socially and financially stable lives.”

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Crossing this milestone of more than 19,000 female loan recipients is a proud moment for SLCM Group, said Naresh Kumar, Chief Business Officer, Kisandan. We aim to double this number in the coming days. Kisandan is our way of recognizing women farmers for the hard work they do for their livelihood. This confirms our commitment to empowering women through access to sufficient capital.”

Kissandhan Agri Financial Services Pvt Ltd is a wholly owned subsidiary of Sohan Lal Commodity Management Pvt Ltd.