10. Financial inclusion training program
Funding: NABARD
Year: 2014- 2015
Area: Purola, Naugaon, Mori
Key highlight:
Awareness on Banking Services & Schemes
- Educated farmers about various loan facilities, subsidies, and credit schemes available from banks and financial institutions.
- Detailed explanation of Kisan Credit Card (KCC), crop loans, farm mechanization loans, and allied activity financing (dairy, poultry, fisheries).
Guidance on Loan Application & Documentation
- Step-by-step guidance on how to apply for agricultural loans.
- Assistance in preparing necessary documents, land records, and project reports to meet bank requirements.
Financial Literacy & Repayment Management
- Training on interest rates, repayment schedules, and credit discipline.
- Tips for maintaining a good credit history to ensure future loan eligibility.
Awareness on Government & NABARD Support Programs
- Information about NABARD’s refinance support, farmer producer organization (FPO) funding, and grant-based programs.
Inclusion of Marginal & Small Farmers
- Special focus on small and marginal farmers, women farmers, and landless labourers to ensure they access credit facilities.
- Promotion of Self-Help Groups (SHGs) and Joint Liability Groups (JLGs) for collective borrowing.
Impact
- Increased awareness and participation of farmers in formal banking and credit systems.
- Empowered rural communities to access affordable credit instead of relying on informal moneylenders.
- Strengthened linkages between farmers, banks, and NABARD for sustainable agricultural development.