Central Himalayan Microfinance Initiative (CHMI)
This programme is supported by Himmotthan and Tata Trusts in amalgamation with Mount Valley Development Association (MVDA). With this program we are aiming at upskilling for increased outreach of membership of federations, diversification of federation led businesses, growth in volumes and profitability and an increased access to financial services through SHGs and federations.
At present the program is implemented at Tehri Garhwal district.
Number of villages covered | 33 |
Number of beneficiaries | 995 |
Objective
- Building Self-Reliant Community Institutions
- Meaningful Financial Inclusion
- Self-sustainability and economic viability of community institutions
- Promotion of Micro-insurance and Social Security Schemes
- Skill development on Institution Building, Financial Management and Livelihood Promotion
Deliverables by MVDA
- 22 SHGs linked to National Rural Livelihood Mission (NRLM) with seed capital of 3, 30,000 rupees.
- Establishment of processing unit at Pokhal, Tehri-Garhwal ensuring livelihood for 10 women.
- Financial help to SHGs for the saving of 42, 53,890 rupees.
- Rise in women participation in management roles.