Rural electrification given boost with SEDB's credit scheme

[TamilNet, Friday, 04 February 2005, 15:16 GMT]
The Socio Economic Development Bank (SEDB)headquartered in Killinochchi Friday inaugurated a rural electrification project in NorthEast villages by providing Solar Home systems (SHSs) on credit basis to consumers. SEDB's Visuvamadu branch at the inaugural event distributed 15 SHSs to fifteen residents of Udaiyarkattu village. The SEDB is run by the Tamils Rehabilitation Organisation (TRO).

A Solar Home system (SHS)

SEDB Visuvamadu branch Manager Mr.Rajmathan is seen handing over solar power plant to a beneficiary

SEDB Visuvamadu branch Manager Mr.Rajmathan is seen handing over solar power plant to a beneficiary

SEDB has nine branches in other parts of the NorthEast province.

SEDB is focussing its efforts on deprived villages to promote increasing use of the banking system for maintain savings and to take advantage of the banks' generous loan terms to improve their lives.

SEDB is providing loan facilities on rotation basis to villagers who are engaged in trade, agriculture, animal husbandry, fisheries industry, small-scale industries and housing, education, health and medical services.

In addition the SEDB has been implementing a special saving scheme to instil in the minds of students, farmers and women the habit of saving, sources said.