2nd Progress Report on the Women’s Fund (November 1999)

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During the past 7½ months, 32 more Women were assisted with 35 loans/grants worth Rs 472,250, taking the cumulative total to 208 beneficiaries through 211 loans.

The difference in the number of Women assisted and loans/grants given out is because 3 earlier beneficiaries were given 2nd loans. A Woman whose crossbred cow got spoilt was given a 2nd loan. The 1st loan will be repaid when the insurance company settles her claim for permanent total disability. 2 other Women were given additional loans of Rs 2,000 and Rs 3,000 respectively to complete their houses.

Since this is a revolving fund, the intensity of activities has reduced with the passage of time, with 1517% of the total activities implemented in the present reporting period.

This second round of beneficiaries were not as poor as the first lot. They were given less subsidies when compared to the initial Women who benefited. 3 reborrowers were not given any grants at all.

In spite of this, 45.3% of the Women’s Fund capital has been eaten away as grants given to benefiting Women. This has been partially offset, to an extent of 10.4%, by bank interest earned and Sangha Funds ploughed back.

514 single women without male support in their households have been assisted with loans and grants under the Women’s Fund programme. A total of Rs 7.33 million was given out as assistance — Rs 2.55 million (35%) has been given as grants, and Rs 4.79 million (65%) in the form as loans.

47% of the assistance has been given in Chickballapur taluk, where the programme is 21 months old, 30% and 23% in Chintamani and Siddalaghatta taluks, respectively, where the activity was started 14½ months back.

Beneficiary women have used their capital for a variety of purposes including livestock (crossbred cows, sheep, pigs and buffaloes), construction of sheds, shops and houses, starting petty businesses, sericulture, redeeming lost lands and for skill training.

Of these, livestock and construction have been the most popular purposes in terms of number of grants/loans as well as amounts given out.

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