Case Studies

sectors > Financial Inclusion
Connecting to Banks
HIMACHAL PRADESH

THE INITIATIVE

  • Financial literacy among villagers

THE BENEFICIARIES

  • Villagers of Mandi district, Himachal Pradesh

THE CHALLENGE

  • Financial exclusion was a major hindrance in this remote region

THE SOLUTION

  • NABARD sanctioned an innovative Financial Literacy Programme to take financial literacy to everyone’s doorsteps
  • The project covered over 300 panchayats
  • Street plays, songs and dances were performed
  • 100 Kisan Credit Card melas were organised

THE IMPACT

  • Over 3,000 individuals now have access to formal banking system
  • Opening of 20,000 savings accounts
  • Formation of 700 SHGs
  • Micro insurance availed by 6,900 people
  • Registration of 2,950 KCC users