Organisation:
Executive Director - Shri Kshethra Dharmasthala Rural Development Project
Location:
Karnataka
Problem:
NA
Solution:
Eminent speaker Dr L.H. Manjunath (Shrikshetra Dharmasthala Rural Development Project, Dharmasthala) informed that his organisation raises spiritual capital, financial capital and technological capital for the 2.5 lakh self-help groups and 16,000 federations under its wing. The organisation uses the savings as a tool to borrow money and has been able to raise Rs 3,000 crore from banks. The beneficiaries pay 18% interest with the money spent to access efficient services, health insurance and so on.
Scalability and Impact:
Cross-subsidization is done for welfare activities such as a de-addiction programme for 15,000 hardcore addicts per year, education, infrastructure, clean drinking water etc, he said
Financial Requirements:
NA
Awards and Recognition:
NA