Economic Development

Economic Empowerment is a process in which the poor and marginalized communities gain necessary knowledge and skills that will enable them to overcome obstacles and challenges in their life. Women have the potential to change their own economic status, as well as that of the communities and countries in which they live. Yet more often than not, women’s economic contributions go unrecognized, their work undervalued and their promise unnourished. TSSS is committed to provide opportunities for the disadvantaged sections, especially women to have greater access to resources which will help them emerge as new Entrepreneurs. TSSS supports men and women from the lower economic strata to take up petty trades or other self employment avenues like livestock development

SANGAMAM – MICRO FINANCE INSTITUTION (COMMUNITY BASED CREDIT NETWORK)

Microfinance is usually understood to entail the provision of financial services to micro-entrepreneurs and small businesses that lack access to banking and related services. Microfinance lifts people out of poverty. TSSS initiated MFI to enable the poor to have easy access to credit. Since the SHGs come together and invest their money as share capital and manage the fund, the programme is named as SANGAMAM meaning commune! Self employment and livelihood activities are supported by SANGAMAM. The interest rate is affordable and women make use of this opportunity fully. The particulars of loan disbursed among members are as follows:

S.No

Purpose of loan

No .of. Beneficiaries

Loan Amount
in Rs.     

1.

Agriculture

995

11788500

2.

Education

495

  5465000

3.

Household Articles

790

  8550000

4.

Medical Expenses

535

  3475000

5.

Goat Rearing

260

  3650000

6.

Small Business

285

  3850000

7.

Marriage

355

  5650000

8.

Petty  shop

315

 3750000

9.

Construction

220

 4632000

10.

Other activities

90

    789500

 

 

4340

51600000

Micro Credit Programme

The Micro Credit Programme was launched in 2005 to support women in their economic growth and development. The objective was to increase the accessibility of women to credit which would pave the way for additional income to the families of marginalized communities. With the intention of sustaining the structure and function of micro credit, the Regional Micro Credit Scheme (REMICS) was also formed. It has been merged with the Revolving Fund Programme supported by Manos Unidas, Spain. Women receive credit for carrying out some economic activities to improve their income as well as their social status.

REVOLVING FUND PROGRAMME

S.No.

Purpose of the Loan

No. of Beneficiaries

Loan Amount
Rs. Ps.

1

Livestock Development

435

8200000

2

Agriculture and allied activities

385

4850000

3

Petty trades / business

240

2380000

4

Other Activities

60

600000

 

TOTAL

1120

16030000

Economic Assistance Programme to SHGs

The urban poor are the most deprived communities living with limited resources in slums where there are hardly any basic facilities. Neither the banks nor the private moneylenders give them loans as they do not own any property that could be pledged. Hence TSSS goes to their rescue by enabling them have access to credit. The objective of the programme is to prevent the slum children being pushed out of the schools and pulled to streets where they are vulnerable to exploitation, abuse, torture, deprivation of basic necessities. TSSS with the support of Tamilnadu Women Development Corporation has formed SHGs and extended loan from its own resources.

LOAN DISBURSED TO URBAN WOMEN FOR IGPs

Category of Loan

Number of Groups

Total Loan Amount in Rs.

Education

25

17,75,000

Agriculture

20

11,00,000

Small business

38

73,40,000

Milch animal

25

17,15,000

Total

108

11930000