This year we are celebrating 25th anniversary of the International Day for the Eradication of Poverty. This milestone is a reminder to us that despite all efforts there is a lot to be done to end poverty all around the world. This year United Nations has formally adopted the Sustainable Development Goals which contains a detailed framework for “ending poverty in all its forms and dimensions.”
Eradication of poverty has long been discussed. In order to achieve this, many strategies have also been evolved. Over 300 million people in India are reported to be living in extreme poverty. They do not have access to even basic amenities of life. Needless to say that financial security leads to greater confidence and a greater capacity to learn and helps people to empower themselves. We believe that there are three major avenues for providing financial security to a family. These are:
In SST, we believe women empowerment is one effective way to reduce poverty. Our experience has been income earned by women is utilized for the welfare of the families. Unfortunately these women almost invariably utilize their income for the welfare and wellbeing of their families. In SST, we have enabled over 12,600 SHGs have been formed. 171,391 women have their own additional income which provides them much required financial security. These women are micro-entrepreneurs and have borrowed Rs.208.62 crores from the bank. We in SST, proud to say that there has been no single default in repayments. Today, they have generated over Rs.690 crores per year in rural areas. This has helped to bring about all-round improvement in the education, health and environmental problems that the villages face. SHGs have assisted in bringing unity and empower women.
Key highlights of the SST empowered villages over last 21 years:
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