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RURAL BANKING

Banking for the poor' is the need based intervention for the rural and hilly regions. As microfinance is an amazingly simple approach that has been proven best way, specially in Indian sub-continent, to empower poorest of the poor people to pull themselves out of poverty. Our experiences say that relying on the traditional skills and entrepreneurial instincts of the very poor people has very good impact. With the involvement of women, the uses of even small loans, other financial services, and support from local organizations to start, establish, sustain and even expand very small, self-supporting businesses, they give very good impact on the psyche of the mass as the result is tremendous.



One of the most attractive features of SULAXMI's activities in far off regions of India is microfinance that consists of concrete goals of self-sufficiency for both micro-entrepreneurs and Micro Finance Institutions (MFIs). Through MFIs, the entire process is engineered, specially in Kalahandi, the world known drought prone area of India (Kalahandi of India) to move from reliance on philanthropy to self-sufficiency. SULAXMI is trying its level best to pump up self-supporting culture in that region.



Women are usually the primary or sole family caretakers in many developing countries. For the improvement of the condition of entire household of society, this is important to support morally and economically to the womenfolk. It goes without saying; women have proven to be the best poverty fighters in third world. Case studies and researches have already shown that they use the profits from their businesses to provide education to their kids, improve their families' living and nutrition, and in so far as expanding their businesses. At a macro level, more than 70 percent of the world's poor are women, who have a higher unemployment rate than men. So, SULAXMI is doing the same activities as the poverty stricken population of TRIBAL INDIA needs microfinance services.



So far, targeting to women in Kalahandi district of Orissa has proved to be a successful and efficient economic development tool that indicates that gender inequalities inhibit overall economic growth and development of them, who rarely manage financial resources to meet both end. Unluckily, the so-called upper strata of    societies discriminate the major portion of hilly or rural populace on the basis of gender that pay the cost of greater poverty, slower economic growth, weaker governance, and a lower living standard for all people. This is brutal and stark necked fact of TRIBAL INDIA.

SULAXMI has more than 280 Self-Help Groups (SHGs) in Kalahandi District of Orissa. Since the poor people have skills and potential that can quickly become an income producing activity, so with small sums of money, they   start poultry farming including raising chickens to sell eggs, fisheries as to catching and selling fish, organic horticulture, aromatic plants farming and its value addition, goatery, duckery, breeding livestock, leaf plate making and etc.

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