Case Studies

sectors > Financial Inclusion
Stronger Together
KERALA

THE INITIATIVE

  • Formation of JLGs to counter financial exclusion

THE BENEFICIARIES

  • Women in villages of Palakkad district, Kerala

THE CHALLENGE

  • Financial exclusion among project beneficiaries
  • Women, the most critical stakeholders of the project, had poor or no collateral to offer

THE SOLUTION

  • Grant support provided to Gangothri Trust to encourage the formation of JLGs in the project area

THE IMPACT

  • Loans up to Rs 2 lakh provided to individual JLGs by Punjab National Bank, without insisting on collateral
  • Diverse economic activities like dairy, handicrafts, glass painting and mud pottery, have been taken up
  • Individual JLG members earn additional income of Rs 1500 - Rs 3000 per month