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Financial Inclusion
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Self-Help Redefined
KERALA
THE INITIATIVE
Economic and Social Empowerment through the self-help model
THE BENEFICIARIES
Farmers in Goalpara district, Assam
THE CHALLENGE
Lack of skills and access to funds resulted in meagre income from manual jobs
Severe economic and social hardships resulting from migration of youths to far-off places due to unemployment
Providing job opportunities in the village itself
THE SOLUTION
Under a project sanctioned by NABARD to the Azagar Social Circle, SHG members were given loans to purchase a pump set and a power tiller
Options were provided for creating enterprises in the village itself
THE IMPACT
Check in rural migration
Growth of SHGs has led to financial inclusion and economic prosperity
The project highlighted the power of collective bargaining
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