Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, or a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled US$38 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent.
Bina Swadaya is a large Indonesian NGO focused on development.
National Bank for Agriculture and Rural Development (NABARD) is an apex regulatory body for overall regulation of regional rural banks and apex cooperative banks in India. It is under the jurisdiction of Ministry of Finance, Government of India. The bank has been entrusted with "matters concerning policy, planning, and operations in the field of credit for agriculture and other economic activities in rural areas in India". NABARD is active in developing and implementing financial inclusion.
A self-help group is a financial intermediary committee usually composed of 12 to 25 local women between the ages of 18 and 50. Most self-help groups are in India, though they can be found in other countries, especially in South Asia and Southeast Asia. A SHG is generally a group of people who work on daily wages who form a loose grouping or union. Money is collected from those who are able to donate and given to members in need.
Below Poverty Line is a benchmark used by the government of India to indicate economic disadvantage and to identify individuals and households in need of government assistance and aid. It is determined using various parameters which vary from state to state and within states. The present criteria are based on a survey conducted in 2002. Going into a survey due for a decade, India's central government is undecided on criteria to identify families below poverty line.
The Madhya Pradesh Rural Livelihoods Project (MPRLP) works with local village assemblies, Gram Sabha, to facilitate and guide community-driven collective and individual action to reduce poverty in the state of Madhya Pradesh, India.
Priority sector lending is lending to those sectors of the economy which may not otherwise receive timely and adequate credit. This role is assigned by the Reserve Bank of India to the banks for providing a specified portion of the bank lending to few specific sectors like agriculture and allied activities, micro- and small enterprises, education, housing for the poor, and other low-income groups and weaker sections. This is essentially meant for an all-round development of the economy as opposed to focusing only on the financial sector.
Society for Elimination of Rural Poverty (SERP) is an autonomous society of the Department of Rural Development, Government of Andhra Pradesh. SERP is implementing Indira Kranthi Patham (IKP), a statewide community driven rural poverty reduction project to enable the poor to improve their livelihoods and quality of life through their own organizations. It aims to cover all the rural poor households in the state with a special focus on the poorest of the poor households. SERP also played an active part in the relief efforts taken up by the Andhra Pradesh Government during the devastating Indian Ocean tsunami in 2004.
The Rajiv Gandhi Mahila Vikas Pariyojana (RGMVP) is the flagship programme of Rajiv Gandhi Charitable Trust, a registered non-profit institution, working for poverty reduction, women empowerment and rural development in Uttar Pradesh, India since 2002. RGMVP believes that "the poor have a strong desire and innate ability to overcome poverty". It aims to organise poor rural women into community institutions and promotes financial inclusion, health-care, livelihood enhancement, education and environment.
Swarna Jayanti Shahari Rozgar Yojana (SJSRY) in India is a Centrally Sponsored Scheme which came into effect on 1 December 1997. The scheme strives to provide gainful employment to the urban unemployed and underemployed poor, through encouraging the setting up of self-employment ventures or provision of wage employment.
Antyodaya Anna Yojana is the sponsored scheme of Government of India to provide highly subsidised food to millions of the poorest families. This scheme was developed by the then Union Food and Civil Supplies Minister, N Sri Vishnu. It was launched by the NDA government on 25 December 2000 and first implemented in the Indian state of Rajasthan.
Vocational education is that form of instruction designed to prepare people for industrial or commercial employment. It can be acquired either formally in trade schools, technical secondary schools, or in on-the-job training programs or, more informally, by picking up the necessary skills on the job.
Unemployment in India, statistics has traditionally had been collected, compiled and disseminated once every ten years by the Ministry of Labour and Employment (MLE), primarily from sample studies conducted by the National Sample Survey Office. Other than these 5-year sample studies, India has – except since 2017 – never routinely collected monthly, quarterly or yearly nationwide employment and unemployment statistics. In 2016, Centre for Monitoring Indian Economy – a non-government entity based in Mumbai, started sampling and publishing monthly unemployment in India statistics.
Deen Dayal Antyodaya Yojana or DAY is one of the Government of India scheme for helping the poor by providing skill training. It replaces Aajeevik. The Government of India has provisioned ₹500 crore (US$63 million) for the scheme. The objective of the scheme is to train 0.5 million people in urban areas per annum from 2016. In rural areas the objective is to train 1 million people by 2017. Further, in urban areas, services like SHG promotion, training centres, vendors markets, and permanent shelters for homeless. The aim of the scheme is skill development of both rural and urban India as per requisite international standards.
Grameen Kaushalya Yojana or DDU-GKY is a Government of India youth employment scheme.
Skill India or the National Skills Development Mission of India is a campaign launched by Prime Minister Narendra Modi. It is managed by the National Skills Development Corporation of India.
In 2012, Kudumbashree was recognized as a National Resource Organisation (NRO) by Ministry of Rural Development (MoRD), Government of India, under the National Rural Livelihood Mission (NRLM) to provide support to other States in their poverty eradication efforts.
The/Nudge Institute is an Indian non-profit organization. It was established in July 2015 in Bengaluru. The/Nudge exists to alleviate poverty, sustainably, collaboratively and scalably. It has three impact streams to tackle the complex issue of poverty from multiple angles – Centre for Skill Development and Entrepreneurship (CSDE), Centre for Social Innovation (CSI) & Centre for Rural Development (CRD).
