Case Studies

sectors > Financial Inclusion
Empowering the Young
ASSAM

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