Self Help Groups
|Women’s Self Help Groups (SHGs) (1989 onwards)|
|Women’s Self Help Groups consist of 12 – 20 women from rural villages. Their aim is to work together to create a savings account, secure safe reliable loans, start income Generative activities, earn enough money and lead happy and contented life.|
In 2011-12 (as on March 2012), Rs.421crore loan was made available to them from sangha, Banks and IVDP.
Since from the launching (1989) of SHG activities to till March 2012, the IVDP has helped above 1,53,990 SHG members to avail Rs.2406 crores from all kinds of loans. In the beginning IFAD gave funds for SHG development and later on direct links were given to SHGs by Nationalized Banks.
|Life Security Fund
This is a unique scheme, showing the entire 1.50 lakh members solidarity towards the death of their beloved members.Each new member has to Contribute Rs. 100/- as an entry amount.In the subsequent years the Premium Amount will be between Rs.100/- to Rs. 150/- depending upon the death ratio in the particular year concerned.
According to it, If a member dies due to natural cause her kins are given Rs. 40,000/- and the members who have become permanently disabled are given Rs.20,000/-.From 2012 onwards the Compensation for death will be from Rs.40,000 to Rs.50,000, and for disability Rs.20,000 to Rs.25,000/-.As on Dec’2011 Rs.5.60 crore was distributed to 2170 IVDP SHG members.
Dividend is an income earned from Sangha Loan interest and Special loan interest, and the accumulated such amount is shared among the members in accordance with individual’s savings. In 2011 Rs.32 Crores was shared by 1787 Groups. Till Dec’11 Rs.132 Crore Shared by 8967 groups.
|Income Generative programs
The SHGs are the main formula for poverty alleviation. Hence, Loans are made available to members for starting income generative activities and we strongly feel that the women empowerment would take place only when the members start earning for their livelihood. Some of the Income generative activities people pursue are toffee making, pickles making, preparation of eatables, tamarind processing, rekxine making, rope making, mat weaving etc.,