Mission Shakti Odisha: Rs 99.26 Crore Interest Aid Released to 1.79 Lakh SHGs (October 2026)
The Odisha government has released Rs 99.26 crore as interest subvention to 1,79,809 women self-help groups across the state. Deputy Chief Minister Pravati Parida handed over the assistance at a programme organised by the Mission Shakti department at Mission Shakti Bhawan, Bhubaneswar on 6 October 2026.
With this release, the total interest subsidy given to SHGs in the current financial year (2026-27) has reached Rs 247.03 crore. The government has kept a budget provision of Rs 575 crore for SHG interest subvention this year, and set a bank credit linkage target of Rs 20,000 crore for self-help groups.
Mission Shakti Fund Release — Key Figures
| Interest subvention released (6 Oct 2026) | Rs 99.26 crore |
| SHGs covered | 1,79,809 |
| Released by | Dy CM Pravati Parida, Mission Shakti Bhawan, Bhubaneswar |
| Total subvention in FY 2026-27 so far | Rs 247.03 crore |
| Earlier tranche (24 June 2026) | Rs 147.77 crore to 2,88,198 SHGs |
| Budget provision for 2026-27 | Rs 575 crore |
| Bank credit linkage target 2026-27 | Rs 20,000 crore |
Rs 151.28 Crore Community Funds — Breakup
Along with the interest subsidy, the department released Rs 151.28 crore under three community-based financial support programmes:
| Fund | Amount | Beneficiaries | Districts |
|---|---|---|---|
| Revolving Fund | Rs 29.31 crore | 15,526 SHGs | 29 |
| Community Investment Fund | Rs 113.80 crore | 371 panchayat-level federations | 26 |
| Vulnerability Reduction Fund | Rs 8.18 crore | 605 area-level federations | 19 |
What Is Interest Subvention for SHGs?
Under Mission Shakti, women self-help groups take bank loans for livelihood activities and small enterprises. The interest subvention scheme brings down the effective interest cost on these loans — the government pays back a part of the interest to the SHGs, so borrowing stays affordable. Combined with the revolving fund and community investment fund, SHG members get working capital plus cheaper credit to run and expand their businesses.
Two New MoUs Signed
At the same programme, the Mission Shakti department signed two memoranda of understanding:
- With the Collective for Integrated Livelihood Initiatives — to expand the Lakhpati Didi initiative, which aims to make women earn at least Rs 1 lakh a year.;
- With the Odisha Renewable Energy Development Agency (OREDA) — to promote green entrepreneurship among women SHGs.
What the Deputy CM Said
Pravati Parida said the government is focusing on strengthening the financial and institutional capacity of SHGs and their federations, so that more livelihood opportunities open up and women-led enterprises grow. She added that women are not merely beneficiaries of development but are emerging as drivers of Odisha’s economic and social transformation, expressing confidence that Nari Shakti will lead the state’s development journey in the coming years.
FAQs
How much interest subvention was released in October 2026?
Rs 99.26 crore to 1,79,809 self-help groups, released on 6 October 2026.
What is the total subvention released in FY 2026-27 so far?
Rs 247.03 crore, including the earlier Rs 147.77 crore released on 24 June 2026.
What community funds were released along with it?
Rs 151.28 crore in total — revolving fund (Rs 29.31 cr), community investment fund (Rs 113.80 cr) and vulnerability reduction fund (Rs 8.18 cr).
What is the bank credit linkage target for SHGs this year?
Rs 20,000 crore for 2026-27.
What are the new MoUs about?
Lakhpati Didi expansion and green entrepreneurship for women SHGs.
More related schemes
Madhu Babu Pension Yojana 2026: Apply Online, Eligibility & Pension Amount
Odisha Gyanodaya Scheme 2026: Free KG to PG Education — Eligibility, Benefits & Latest Update
