| Networking Indians & Overseas Indians | News, Business, Heritage, Culture, Tradition, Networking |

‘Annapurna’ brings one of the most promising and cost-effective tools in the fight against global poverty


Rs.500 crores has been disbursed since inception through micro-finance.

Pune (Jan. 24, 2015): The 23rd Annual Rally of “Annapurna Pariwar” held at SakharSankul, Behind College of Agriculture, Shivaji Nagar, Pune .Mr. Nikhil Wagaleand Mr. Ashwin K.J. (Regional Manager, IOB) were the eminent Chief Guests.20,000 women belonging to slums of Pune, who are members and borrowers of the Annapurna Pariwar showed their presence for the meet.

It is rightly said that if a woman of the family is educated, empowered then she spreads wisdom empowers the whole family. Similarly, if a woman is empowered then the family can live a happier and a satisfied life. Empowering a woman means to entitle her to live in dignity and freedom.

Annapurna Pariwar is a group of 5 non-profit NGO which is servingas a helping hand for empowering the poor women through microfinance and other services. It works in 500 slum pockets of Pune and 500 slum pockets Mumbai. The organization working for last 22 years believes in ‘Microfinance- not for profit, but for the empowerment of the poor’.

The goal of microfinance is to give low income people an opportunity to become self-sufficient by providing a means of saving money, borrowing money and insurance.

The event commenced with the inaugural speech by Dr. MedhaPurao-Samant, Founder and Chairperson of Annapurna Pariwar. She suggested the women to take loans as per the need. She welcomed the members and congratulated them for being present in such a huge number. She presented to the members progress done by Annapurna in the year 2014.

During 2014, Annapurna Pariwar gave micro loans worth Rs.76 croresto these women and has collected savings to the tune of Rs.15 Crores. Around Rs. 1 Croreswere distributed by way of sickness and health claims among the1844 members by its micro insurance wing.  Educational sponsorships were given for 1400 poor children in this year amounting to Rs. Rs.35 Lacs.  Twenty Day Care Centers running in the slums have taken care of approximately 5000Children below six years of age.

During the ceremony, members and borrowers of the AnnapurnaPariwar were felicitated with various awards. Total more than 29awards were presented under the category of Best Mother(11 awards), Successful Entrepreneur (15awards), Social Achievement Award (3 awards).Ms. ManasiBidkar and Ms. MeghanaHallbhaviwere felicitated with                                                     ‘Best Businesswoman Award 2014’ by Annapurna Group.A book ‘ArogyaPustika’ written by Ms. Anita Sonawane and published by Annapurna’s Dada Purao and Research & Training Institute was released.The Annual Report of Annapurna Pariwar was too published.

“I am glad that Annapurna has given me the strength to stand on my own feet. It has taught me to live my life independently and tackle things in life without any hindrances. I would like to thank the entire team of Annapurna for helping me to live an independent and prestigious life, says. “ShantabaiKumbhar, Successful Entrepreneur Awardee”.

“Now I am proud of myself, I don’t let my family starve for anything. “VijayataiShinde, Best Mother Awardee”The felicitation took place at the hands of Mr. Wagle, Mr. Ashwin, Mr. Suresh Dhopeshwarkar, Mr. B.S. Pisal, Ms. ChitraKhinvasara, and Ms. Anjali Diwan-Patil who are the board members.  Apart from that Mr. Ravi Tyagi (G.M., SIDBI) and other bankers were also present.During the meet the new financial benefits and policies were declared by Dr. MedhaPurao-Samant. She made announcements for 2015 and took members approval. The members raised their hands and gave 100% approval.


  1. Reaching out to the poorest women in each slum of Pune by giving loans without any documents. 
  2. Extending health insurance to the weakest sections @ Rs.75/- Per Person Per Year with a benefit upto Rs.10,000/-.
  3. 10 to 15% dividend.
  4. FD and RD schemes launched in last year were a great success.

1.      Limit of taking loans – 1.5 Lacs,
2.      Recurring Deposit Scheme & FD scheme for all borrowers, shareholders and public,     @ 12% and For Senior Citizens 12.5%.
3.      Dividend to shareholders given at what rate - 10%.

Mr. Suresh Dhopeshwarkar, Managing Comm Member, AMCCS, did the publication of the annual report of Annapurna Pariwar. Whereas, the financial position of the Pariwarwas presented by Ms. UjwalaWaghole, Mg Comm Member, AMCCS. Staff of Annapurna enacted the play on the services of the Pariwar. MsAnita Sonawanecompered the program and the vote of thanks was given by Ms. Anjali Diwan-Patil. The meet was concluded with the well-known Hindi song HongeyKamayab, National Anthem and oath by all the 20,000 members present for the meet.