“To direct the idle human resource into productive channels, in the rural villages, urban slums and tribal areas” - was a challenge ICECD took up in 1996. The Youth Credit Initiative initiated by ICECD and supported by the Commonwealth Secretariat facilitated the target group’s linkages with formal financial sector and achieved sustainability in terms of a revolving credit fund.
Training in credit management and entrepreneurship was of great help for the youth who were not clear about what business to start. It enabled them to work out their own project profitability and also resulted in avoiding overcrowding of similar businesses. The resulting enterprises thus span the canvas of manufacturing, trading and service industries.
Micro Credit - An Innovative Approach
A unique and innovative feature of this programme is the combination of the two most important inputs - CREDIT and CAPACITY BUILDING, for the development of a successful enterprise, in a single package. Apart from technical/skill based inputs, stress is laid on developing capacity of the trainees for management of the enterprises, a prerequisite for becoming successfully self-employed. |
