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Govt forms committee to suggest measures to improve SGSY

Concerned over the dismal performance of banks in giving credits to self-help groups (SHGs) under the poverty alleviation programme, Swarnjayanti Gram Swarozgar Yojna (SGSY), the Ministry of Rural Development has set up a committee to suggest measures to overhaul the scheme. R Radhakrishnan, Centre for Economic and Social Studies, Hyderabad, has been appointed as chairman of the committee, which is expected to submit its report in July. Radhakrishnan had earlier headed an expert group on agricultural indebtedness.