ANNUAL REPORT2008-2009

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RASHTRIYA MAHILA KOSH

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Annual Report 2008-2009

RASHTRIYA MAHILA KOSH

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Introduction

Rashtriya Mahila Kosh (RMK) or National Credit Fund for Women was established by the Government of India in March, 1993 under the erstwhile Department of Women and Child Development and now the Ministry of Women and Child Development under the Societies Registration Act 1960 to act as an apex micro credit organisation to give microloans to the poor women in the unorganised sector for their socio-economic development. RMK has adopted a quasi-formal credit delivery mechanism which is client friendly, have simple and minimal procedures, flexible repayment schedule, low transaction cost, disburse quickly and repeatedly and link thrift and savings with credit. RMK provides microfinance services without collateral and hassle-free loaning for livelihood activities, micro enterprises, housing, family needs etc.

RMK provides loans through intermediary micro-financing organizations (IMOs) that are working at grass root level and on-lend to groups of women beneficiaries (SHGs), such as Non-Governmental Organizations, Women Federations, Co-operatives, Urban/ Women Cooperative Banks, State Women Development Corporation, Government Autonomous Bodies, Not for ProfitSection 25 Companies registered under Companies Act, etc. RM K's activities cover both rural as well as urban areas of the countiy .

Micro-credit has proved to be a strategic tool for organizing rural/urban poor women in groups and promoting savings and thrift habits to gain access to institutional credit for their socio-economic development and empowerment. The RMK model, RMK-NGOs- SHGs-Beneficiaries, has worked successfully and the Kosh has made commendable progress during the year 2008-09 in terms of financing of new NGOs, number of borrowers, amount sanctioned and amount disbursed. RMK has 22 nodal agencies for credit linkages with new and potential NGOs for business expansion, business awareness and capacity building of NGOs/SHGs. Apart from Nodal Agency Scheme, RMK appoints 'Franchisees'. At present it has 3 Franchisees. RMK extends bulk finance to them who in turn on lend it to smaller and potential NGOs of the State/district on similar terms and conditions as prescribed by RMK. The micro-finance programme of RMK through SHGs is the most successful one where the recovery rate is more than 90 percent. RMK has also re-financed urban women co-operative banks.

A special credit package to enable the poor women in the North-Eastern Region of the country to access credit from RMK has been operationalised. RMK organises a number of Awareness cum capacity building programmes to nurture the assisted intermediary organisations so as to enable them to train their field functionaries, SHG members and grass-root level beneficiaries. Resource Centre scheme is the RMK's recent initiative. Under this scheme, RMK identifies reputed Government Organizations/NGOs/Research Institutions/Universities/ Academic Institutions having adequate infrastructure to extend their services for capacity building, vocational trainings and skill development, etc. to the SHG members/groupleaders and implementing agencies. So far RMK has approved 15 institutions as Resource Centres.

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CONTENTS

Page No.

Introduction 5

1. Year at a glance, Highlights 7

2 Management 9

3. Operations 11

4. Scheme wise Achievements 13

5 . Regional Outreach 29

6. Special Concessions in the North-East Region 31

7 . Major Activities 33

8. Innovations, Capacity Building and Skill Development 41

9 . Some Success Stories 49

10. Financial working 57

11. Name of Partner NGO's 113

12 Annexures 119

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6

Year at a Glance Highlights

1. The year 2008-09 w as the 16th year of operation of Rashtriya M ahila Kosh. In th is year, 44 n ew G overnm ent and N on- Go vem m ent Organisations jo ined RM K as Interm ediary M icro Financing Organisations (IM O) partners. The total num ber of RM K members has reached 1,419 by the end of the year.

2. During the year 2008-09, loans am ounting to Rs. 3,030.45 lakh were sanctioned, benefiting 36,166 w om en beneficiaries while an am ount of Rs. 2,647.70 lakh w as disbursed. The cumulative sanctions and d isb u rsem en ts at th e end of the year stood Rs. 28,003.09 lakh and Rs. 22,369.61 lakh respectively, benefiting 6,58,746 poor women.

3. The gross income of R ashtriya M ahila Kosh during the year 2008-09 was Rs. 963.04 lakh. There was an excess of income over expenditure of Rs. 769.75 lakh as com pared to Rs. 440.15 lakh in the previous year.

4. Although the recovery rate of RM K loans has been encouraging, even then, there have been som e IM O s w ho failed to repay the installm ents in time. R M K has taken a policy decision to initiate action and legal action b y filling civil suits, crim inal complaints (under Section 138 of N egotiable Instrum ents Act, etc.) against such defaulter IM Os and also blacklisting them. RM K could effect recovery of R s.163.21 lakh out o f the past overdue loans.

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Management

Chairperson

Smt. Renuka Chowdhury, Hon'ble M inister of State (Independent Charge) for the Ministry of Women and Child Developm ent continued as Chairperson of RMK during the year 2008-09.

Executive D irector

Smt. Sneh Lata Kumar, Executive Director of RM K continued to hold the charge till the close of the financial year.

Board M eetings

The 4 4 th m eeting of the G overning B oard of RM K w as held on 1 8 /0 3 /2 0 0 9

A nnual G eneral M eeting

T h e X V A n n u al G eneral M eetin g of R M K w as co n v en ed on 1 8 /0 3 /2 0 0 9 in N ew Delhi. NGO representatives of RMK including Governing Board members attended the m eeting. The AGM adopted the A nnual Report and A udited A cco u n ts of RM K for the year 2007-08.

Loan Com m ittee M eetings

The 6 6 th, 6 7 th & 6 8 th Loan C o m m ittee M eetin g s w ere held on 2 9 /0 9 /2 0 0 8 , 2 3 /0 3 /2 0 0 9 and 3 0 /0 3 /2 0 0 9 respectively to sanction loan applications of NGOs and other eligible organisations.

M onitoring

RM K invariably conducts appraisals/field studies to ascertain the proper utilization of loans at the field level after disbursem ent of the first in stallm en t of the san ction ed am o u n t. These stu d ies are co n d u cte d b y officers from RM K an d o th e r exp erien ced and professional institutions like A FCL which are well versed in micro cred it and self-help group activities. Besides, verification of the utilization of loan amount, the m onitors also guide the borrowing Non-G overnm ent Organisations tow ards better implementation of the schem e. During the year, m onitoring studies were conducted under the Main Loan and Loan Prom otion Schem e etc.

9

5 W l s H

^ 2008-2009 3 68 %-W

Operations

sanctionsRMK sanctioned loans aggregating to Rs. 3,030.45 lakhs during the year 2008-2009 to 68 Non-Government Organisations and other Organisations as compared to Rs. 3,228.80 lakhs during the previous year 2007-08. The cumulative sanctioned amount as at the end of the year was Rs. 28,003.09 lakh. During this year, 44 new organisations were linked with RMK including one new Franchise. This has helped in expanding the out reach of RMK to some of the hitherto un-served areas and involving more organisations in spreading the outreach of micro-credit, e.g. in Punjab, Jammu and Kashmir, Andaman and Nicobar Islands and North-East etc.

DISBURSEMENTSDuring the year 2008-09, RMK disbursed an amount of Rs. 2,647.70 lakhs. Previous year's disbursements were Rs. 2,557.74 lakhs. Most of the disbursements were done through a large number of small and new organisations. The cumulative disbursement as at year ending 2008-09 was Rs. 22,369.61 lakhs. The Scheme-wise comparative statement of sanctions and disbursements during the two years, i.e., 2007-08 and 2008-09 is given in Table I.

TABLE - ISCHEME WISE COMPARATIVE STATEMENT OF SANCTIONS AND

DISBURSEMENTS DURING 2007-08 AND 2008-09(Rs. in lakhs)

Sr.

No.

Schemes Amount Sanctioned Amount Disbursed

2007-2008 2008-2009 2007-2008 2008-2009

No. of NGOs

Amt. No. of NGOs

Amt. No. of NGOs

Amt. No. of NGOs

Amt.

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1. Main Loan Scheme 63 1615.50 53 2034.30 101 1411.75 75 1584.90

2. Revolving Fund Scheme 2 108.20 1 50.00

3. Loan Promotion Scheme 8 28.30 10 57.75 11 31.88 14 35.90

4. Housing Loan Scheme 1 45.00 1 22.50

5. Gold Credit Card Scheme 2 600.00 3 850.00 3 570.91 3 436.00

6. FranchiseeScheme 2 755.00 1 75.00 1 250.00 2 505.00

7. RefinanceScheme 1 100.00 1 13.40 1 100.00 1 13.40

8. Working Capital Term Loan 1 85.00 1 85.00

TOTAL 78 3228.80 68 3030.45 120 2557.74 97 2647.70

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SCHEME-WISE ACHIEVEMENTSM ain Loan Schem e

Loan assistance to the eligible organisations under the Main Loan Scheme of RMK is provided for on lending to Self Help Groups/women beneficiaries both in rural and urban areas for income generation and micro-entrepreneurial activities. Maximum loan limit is Rs. 3 crore, but not more than Rs. 1 crore in one State. During the year 2008-09, RMK sanctioned 53 applications involving loans aggregating to Rs. 2,034.30 lakhs to benefit 28,292 women beneficiaries, against the figure of Rs. 1,615.50 lakhs sanctioned during 2007-08 benefiting 21,506 borrowers. Disbursements during the year were Rs. 1,584.90 lakhs as compared to Rs. 1,411.75 lakhs during the previous year 2007-08. Details of sanctions and disbursements under the Main Loan Scheme are given in Table - II.

TABLE - IISTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS UNDER

THE MAIN LOAN SCHEME & COMPOSITE LOAN SCHEME DURING THEYEARS 2007-08 AND 2008-09.

(Rs. in lakhs)Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1 Andaman Nicobar 1 667 40.002 Andhra Pradesh 30 8 6012 4355 535.00 313.00 588.00 375.00

3 Arunanchal Pradesh

4 Assam 4 3010 143.00 71.50

5 Delhi 1 2 290 1180 38.00 118.00 39.00 24.00

6 Gujarat 1 605 50.00 50.00

7 Jammu & Kashmir 3 888 90.00

8 Jharkhand 2 218 42.00 5.00 31.00

9 Karnataka 3 3 1875 1520 155.00 50.00 11.00 92.5010 Kerala 1 130 8.00 4.00

11 Madhya Pradesh 1 940 100.00 5.00 25.00

12 Maharashtra 1 1766 13.50 66.75

13 Manipur 2 540 25.00 12.00 12.50

14 Orissa 2 3 1545 1288 80.00 60.80 153.50 92.90

15 Rajasthan 4 4 1512 1951 143.00 160.00 121.50 70.00

16 Tamil Nadu 14 14 7301 9222 515.00 719.00 339.50 647.50

17 Uttar Pradesh 3 1 207 36 21.00 3.00 3.00 9.00

18 Uttranchal 1 550 100.00 5.00 100.00

19 West Bengal 1 6 45 2145 15.00 112.50 12.50 30.00

Total 63 53 21506 28292 1615.50 2034.30 1411.75 1584.90

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2007-2008 2008-2009(1) (2) (3) (4)1 flMildd 5 ?T 100.002 dfad'dr 8.20 50.00

#T 108.20 50.00

14

REVOLVING FUND SCHEMEThe purpose of the scheme is to promote income generation activities among the

SHGs. Maximum loan limit is Rs.3 crore, but not more than Rs.l crore in one State. RMK has disbursed Rs. 50.00 lakhs during the year 2008-09 against the previous year's disbursement of Rs. 108.20 lakhs. Details of State-wise disbursements are given in Table-III.

TABLE - IIISTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS UNDER

THE REVOLVING FUND SCHEME AND REVISED REVOLVING FUND SCHEME DURING THE YEARS 2007-08 AND 2008-09.

(Rs. in lakhs)

Sr.No.

State AmountDisbursed

2007-2008 2008-2009

(1) (2) (3) (4)

1 Himachal Pradesh 100.00

2 Tamil Nadu 8.20 50.00

Total 108.20 50.00

15

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LOAN PROMOTION SCHEMERMK provides loan assistance upto Rs. 5.00 lakhs under the Loan Promotion Scheme

to such organizations which have at least six months experience in thrift and credit management. The aim is to promote thrift and credit among newer, smaller but potentially capable organizations. During the year 2008-09, a sum of Rs. 57.75 lakhs was sanctioned as compared to Rs. 28.30 lakhs during the previous year. Disbursement during the year has been Rs. 35.90 lakhs as compared to disbursement of Rs.31.88 lakhs during the previous year. State-wise details of sanctions and disbursements under the scheme are given in Table-IV .

TABLE - IVSTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS UNDER

THE LOAN PROMOTION SCHEME DURING THE YEARS 2007-08 AND 2008-09.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

(1) (2) (3 ) (4) (5) (6) (7 ) (8) (9 ) (10)

1 Andhra Pradesh 1 29 2.50

2 Arunanchal Pradesh 1 100 10.00 5.00

3 Assam 1 100 5.00 2.50

4 Delhi 10.00

5 Haryana 1 50 5.00

6 Manipur 5 4 405 370 19.30 17.75 17.38 15.157 Orissa 1 1 104 75 2.50 5.00 4.00 3.75

8 Rajasthan 0.50

9 Tamil Nadu 1 50 4.00 2.00

10 West Bengal' 2 286 15.00 7.50

Total 8 10 588 981 28.30 57.75 31.88 35.90

17

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HOUSING LOAN SCHEMEThis scheme has been designed with a view to provide shelter to Self Help Group

members through partner NGOs of RMK. The credit is given for repairs/construction of low cost houses. Maximum credit limit under the scheme is Rs. 50,000/- per beneficiary for construction/repairs of a low cost house. During the previous year 2007-08, a sum of Rs. 45.00 lakhs was sanctioned to organisations. Disbursement during the year 2008-09 was Rs. 22.50 lakhs. State-wise details of sanctions and disbursements under the scheme are given in Table-V.

TABLE - VSTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS

UNDER THE HOUSING LOAN SCHEME DURING THE YEARS 2007-08 AND 2008-09.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1 Tamil Nadu 1 200 45.00 22.50

Total 1 200 45.00 22.50

19

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GOLD CREDIT PASS BOOK SCHEME

The scheme aims at an adequate and timely credit delivery from RMK to NGOs for further on lending to SHGs for income generation needs in a flexible and cost-effective manner. Partner and non-partner NGOs of RMK may be sanctioned credit limit depending upon their track record with RMK/other micro credit organizations and credit needs. Maximum credit limit of the scheme is Rs. 5 crores. During the year 2008-09, a sum of Rs. 850.00 lakhs was sanctioned as compared to Rs. 600.00 lakhs during the previous year. Disbursement during the year has been Rs. 436.00 lakhs as compared to Rs. 570.92 lakhs in the year 2007-08. State-wise details of sanction and disbursement under the scheme are given in Table-VI.

TABLE - VISTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS

UNDER THE GOLD CREDIT PASS BOOK SCHEME DURING THE YEARS 2007-08 AND 2008-09.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2003-2009

(i) (2) (3) (4) (5) (6) (7) (8) (9) (10)

i Andhra Pradesh 2 6259 600.00 563.92 36.002 Delhi 1 1558 300.00 300.00

3 Madhya Pradesh 7.004 Rajasthan 1 1100 200.00 100.005 Orissa 1 3650 350.00

Total 2 3 6259 6308 600.00 850.00 570.92 436.00

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programme of RMK

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21

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2 FEET 5J ?r 1 3700 500.00 250.00 250.00

3 1 500 75.00

fTf 2 1 5450 500 755.00 75.00 250.00 503.00

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beneficiaries in Delhi

22

FRANCHISEE SCHEME

RMK appoints franchisees to spread its loaning activities. Smaller NGOs of the State can avail loans directly from the franchisee appointed by RMK for that state without sending their proposal to RMK office in New Delhi. Maximum credit limit under the scheme is Rs. 5 crores. During the year 2008-09, a sum of Rs. 75.00 lakhs was sanctioned as compared to Rs. 755.00 lakhs during the previous year. Disbursement during the year has been Rs. 505.00 lakhs as compared to disbursement of Rs. 250.00 lakhs during the previous year. State-wise details of sanctions and disbursements under the scheme are given in Table-VII.

TABLE - VIISTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS

UNDER THE FRANCHISEE SCHEME DURING THE YEARS 2007-08 AND 2008-09.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers.

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

i Assam 1 1750 255.00 255.002 Madhya Pradesh 1 3700 500.00 250.00 250.003 Punjab 1 500 75.00

Total 2 1 5450 500 755.00 75.00 250.00 505.00

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RE-FINANCE SCHEMEThis scheme was started during the year 2005-06. Under the scheme, 100% refinance

is made available to Urban/Women Co-operative Banks on loans provided by them to poor women either individually or through SHGs within the norms of the RMK's Main Loan Scheme. During the year 2008-09, a sum of Rs. 13.40 lakhs was sanctioned as compared to Rs. 100.00 lakhs during the previous year. Disbursement during the year has been Rs. 13.40 lakhs as compared to disbursement of Rs. 100.00 lakhs during the previous year. Details are given in Table-VIII.

TABLE - VIIISTATE WISE DETAILS OF SANCTION AND DISBURSEMENT

UNDER THE REFINANCE SCHEME DURING THE YEARS 2007-08 AND 2008-09.

(Rs. in lakhs)

Sr.No

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1 Assam 1 85 13.40 13.40

2 Madhya Pradesh 1 324 100.00 100.00

Total 1 1 324 85 100.00 13.40 100.00 13.40

25

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TTs? 4MHI 2005-2006 % 4UH 4 t I 7 1 ^ 9 ^Rkll sfifa TR^OTl/T-rfllTTr Try.TTEj.uft. %

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WORKING CAPITAL TERM LOAN SCHEMEThis scheme was initiated during the year 2005-06. RMK extends working capital

term loan to NGOs/intermediary organizations in order to bring financial sustainability of women SHG members by providing backward and forward linkages of marketing of the products of their enterprises including technology transfer and educational skill upgradation. The amount of loan is Rs. 3.00 crore but not more than Rs.1.00 crore per State. During the previous year 2007-08, a sum of Rs. 85.00 lakhs was sanctioned. Disbursement during that year had Rs. 85.00 lakhs. However, no new loan was sanctioned under the scheme during current year.

TABLE - IXSTATE WISE DETAILS OF SANCTION AND DISBURSEMENT

UNDER THE WORKING CAPITAL TERM LOAN SCHEME DURING THE YEARS 2007-08 AND 2008-09.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

(1) (2) (3) (4) ' (5) (6) (7) (8) (9) (10)

1 Uttar Pradesh 1 1500 85.00 85.00

Total 1 1500 85.00 85.00

27

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REGIONAL OUTREACHThe flow of credit under the various schemes of RMK has shown regional / state-

wise variations. Tamil Nadu has been in the lead to avail credit facilities from RMK with loans amounting to Rs. 722.00 lakhs followed by Andhra Pradesh Rs. 411.00 lakhs, Assam Rs. 342.40 lakhs, Delhi Rs. 324.00 lakhs and Madhya Pradesh Rs. 275.00 lakhs. The two southern states, viz. Tamil Nadu and Andhra Pradesh together accounted for more than 43% of the disbursals during 2008-09. Comparative position of State-wise sanctions and disbursements is given in Table-X.

TABLE - XSTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS

DURING THE YEARS 2007-08 AND 2008-09.(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

2007-2008

2008-2009

(1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

1 Andaman Nicobar 1 667 40.002 Andhra Pradesh 33 8 12300 4355 1137.50 313.00 1151.91 411.003 Arunanchal Pradesh 1 100 10.00 5.004 Assam 1 6 1750 3195 255.00 161.40 342.40

5 Delhi 1 3 290 2738 38.00 418.00 49.00 324.00

6 Gujarat 1 605 50.00 50.00

7 Harayana 1 50 5.008 Himachal Pradesh 100.009 Jammu & Kashmir 3 888 90.00

10 Jharkhand 2 218 42.00 5.00 31.0011 Karnataka 3 3 1875 1520 155.00 50.00 11.00 92.5012 Kerala 1 130 8.00 4.00

13 Madhya Pradesh 2 1 4024 940 600.00 100.00 362.00 275.00

14 Maharashtra 1 1766 13.50 66.75

15 Manipur 5 6 405 910 19.30 42.75 29.38 27.65

16 Orissa 3 5 1649 5013 82.50 415.80 157.50 96.6517 Punjab 1 500 75.00

18 Rajasthan 4 5 1512 3051 143.00 360.00 122.00 170.00

19 Tamil Nadu 16 14 7551 9222 564.00 719.00 347.70 722.0020 Uttar Pradesh 4 1 1707 36 106.00 3.00 88.00 9.0021 Uttranchal 1 550 100.00 5.00 100.0022 West Bengal 1 .8 45 2431 15.00 127.50 12.50 37.50

Total 78 68 35827 36166 3228.80 3030.45 2557.74 2647.70

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SPECIAL PACKAGE FOR NORTH-EAST REGION

In order to remove the uneven presence of micro-credit in the country which is witnessed mostly in North-Eastern region due to poor presence of banking net-work, lack of infrastructure and awareness, RMK has formulated a concessional package for the voluntary organisations of the North-Eastern region for easy access of credit from RMK to meet the credit needs of the poor women of the region. The concessions are:

The organization having completed one year of its registration (previously 3 years) can apply for the loan.

Margin on loan reduced from 10% to 5%.

The grace period on repayment of loan enhanced from 6 months to 12 months.

The repayment period of loan enhanced to five years..

The NGOs to be supported with 10% of the loan sanctioned as capacity building assistance.

To provide second-class sleeper rail fare and where there is no rail-link, to and fro Air-fare by the cheapest class to the members of NGOs (up to 2 numbers) for coming to Delhi for execution of documents.

31

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MAJOR ACTIVITIES

International Co-operation

i) Second Conference on 'M icro-Finance and W omen Economic Em pow erm ent in SAARC Region'.

Rashtriya Mahila Kosh organized the Second Conference on 'Micro-Finance and Women Economic Empowerment in SAARC Region' on behalf of the Ministry of Women and Child Development, in collaboration with the SAARC Division of the Ministry of External Affairs on 16 May 2008. Apart from India, delegates from Afganistan, Bangladesh, Maldives, Nepal and Srilanka attended the conference. Executive Director, Rastriya Mahila Kosh (RMK) and Chief Executive Officer of "Society for Elimination of Rural Poverty", India made the presentations. In their presentations, they highlighted the important role of micro-finance in social-economic empowerment of women in India.

It was decided in the conference that the Member States would identify nodal focal points from relevant NGO's for effective communication and better coordination and that the RMK to become the regional focal point.

Secondly, that the SAARC Gender Database would be used as the primary reference point for the Member States to provide and update statistical and qualitative information on micro-finance and women economic empowerment and that the SAARC Gender Database could also be used as a tool to monitor and track regional progress and development in this area.

Thirdly, the Conference welcomed the offer of India to host two training programmes cum target oriented exposure visits for senior management/policy makers on micro-finance for the SAARC Member States to be organized in September and Decem ber 2008 respectively.

The Report of the Conference was approved at the summit of Heads of States of SAARC Member Countries in Colombo in August 2008 and RMK organized two trainings cum exposure visits for the SAARC countries senior management/policy makers in October and December 2008 respectively. ii)

ii) M eeting of India-Brazil- South A frica (IBSA) Forum - on Self H elp G roup and Empowerm ent of W om en.

The Ministry of Women and Child Development organized a two-day meeting of IBSA Women's Forum from 13-14 October, 2008 at Vigyan Bhawan. The Hon'ble Ministers from Brazil, South Africa and India attended the meeting. The Minister of State for Women and Child Development (Independent Charge) inaugurated the meeting.

RMK Co-chaired the technical session on "Self Help Groups and Empowerment of Women". During the session, a presentation was made on RMK's interventions in pursuing its objective of socio-economic empowerment of women through micro-finance. It was highlighted as to how RMK is adopting quasi-formal credit delivery mechanism for making credit accessible to the women self-help groups at the grass-root level. RMK's role in building up the capacities of the intermediary organizations and the women SHGs

33

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through trainings, exposure visits, skill upgradation trainings and marketing support was also presented. This was followed by discussions on various issues related to microfinance like income-generation activities, skill-development/upgradation, and marketing linkages that need to be encouraged so that micro-finance fructifies into an effective tool in the hands of poor women.

The delegates were also taken on an exposure visit to an exhibition of the hand-made products of the SHGs of poor women financed by RMK through its NGO partners. The delegates very much appreciated the products made by the SHGs.

iii) Training cum Exposure visits on M icro-finance & Women Em powerm ent for Senior M anagement / Policy-m akers of SA A RC M em ber Nations - 20 to 25 O ctober, 2008 & 15 to 20 D ecem ber, 2008.

In the 2nd Conference on Micro-finance and Women Economic Empowerment in the SAARC region held in New Delhi on 16 May 2008, RMK was identified as the Regional Focal Point for SAARG countries to coordinate with them with a view to enable the Member Countries to share some of the best/innovative practices in the field of microfinance and women empowerment.

RMK honoured it's commitment by organising two Training cum Exposure visits on Micro-finance and women empowerment for senior management/policy makers from SAARC countries.

The first Training Cum Exposure visit on "Micro-finance & Women Empowerment" was organized from 20-25 Oct, 2008. The exposure programme was inaugurated by Executive Director (RMK) where the role of Rashtriya Mahila Kosh in promoting Women Empowerment" through micro-finance was discussed. The participants visited SHGs financed by INDCARE, a partner NGO of RMK in Delhi who are carrying out various income generating activities like artificial jewellery making and petty trades. Besides, the participants also saw the kitchen run by SHGs for supply of mid-day meals to government schools in Delhi.

The participants were taken to Uttarakhand State where "Women Development Organization" - partner and nodal agency of RMK, is undertaking income-generating' activities & providing marketing linkages in the Government as well as private sector. The partcipants visited clusters of SHGs engaged in Wool-blanket Making (Village Lodhi wala, Distt Hardwar) and Handloom Weaving/Knitting (at Village Imlikhera, District, Roorkee). A visit to an agro-forestry project being managed by the SHG members financed by the NGO, with RMK's assistance was also very educative experience as it highlighted the conservation/environment-management project being run by the women borrowers. The participants also saw the marketing-linkages being provided by the NGO through different support mechanism including an emporium named " SARV" being run by the SHG members. Thus the delegates were exposed to the entire gamut of support services like provision of backward and forward linkages, co-ordination with implementing/ developmental/financial agencies etc.

The second Training cum Exposure visit was organized from 15 - 20 December, 2008. The participants visited a cluster of SHGs financed by RMK micro-finance through an

35

yfdPifTO 4 fTOT TO T O ? HTOR TO R

NGO partner called "Chetnalaya" in Delhi. The delegates had one to one interaction with them and saw their products like jute bags, bangles, garments, and paintings etc., which have very good market in the area.

The delegates during the 4-day field visit went to Alwar and Bharatpur Districts of Rajasthan where they interacted with NGO partner named "Humana People to People Foundation". The delegates interacted with the field staff, Saheli leaders, activitiy clusters and women micro-entrepreneurs engaged in Income-generating activities of handloom weaving, anim al husbandry, grocery shops, floor mill run with diesel engine and indigenous technology in the village in the absence of electricity etc, and observed the meetings of SHG members, their record keeping and monitoring system as well as documentation. The participants also visited the training centre of the NGO where they train their staff for carrying out field activities related to eradication of social evils and income generation activities leading to holistic development of women, in Harsora and Khori villages in Behror and Bansur blocks.

In Bharatpur district the delegates visited LUPIN Human Welfare & Reseach Foundation, an NGO financed by RMK. The income generating activities like readymade garments and milk collection centres run by SHG members (Boochaka village), Kiosks (petty shops) of iron fabrication work, bangles shop etc. (Gulpara village), poultry farms, tulsi beed work and school boundary constructed by the women out of the savings of SHGs as a safeguard to the children (Kamam block) cosmetic shops, tailoring centres, STD/PCO run by SHG members, orchard development, floriculture, export quality tulsi beads, dairy development, milk collection centres and model dairy run by the women groups (Karan Singh Sew ar, Deeg and Kumber blocks) were seen and appreciated by the delegates and the role of RMK was lauded.

iv) Islam abad Visit as follow up of SAARC M icro finance Conference.

ED, RM K attended, as a delegate, "Third M eeting of the Heads of National Coordination Committees to Implement the SAARC Social Charter" held at Islamabad on 4 & 5 th November 2008. During the meeting, ED briefed the delegates about the Second Conference on Micro-finance held on 16th May, 2008 in New Delhi and highlighted the achievement of the First Training cum Exposure Visit organized by RMK during October 2008 in New Delhi and Uttarakhand State.

v) Participation in India International Trade Fair (IITF) 2008 at New Delhi from 14.11.2008 to 27.11.2008 under the them e 'Em pow erm ent of W omen'.

The Ministry of Women and Child Development has been promoting the Self-Help Groups (SH G s) of poor women in thousands in the country for their holistic empowerment. With a view to give the SHGs members and women micro-entrepreneurs an opportunity to exhibit and sell their products, interact with urban consumers & business community, understand the positive and negative aspects of their products after taking into consideration the existing market trends and accordingly make improvements in the quality, design and prices so as to make them more saleable. The Ministry participated in

37

f t I TFT f tf t R i f t f t t f t W T g ^ c r f t f a r R R ft R f t w RR

the IITF 2008 New Delhi from 14.11.2008 to 27.11.2008 under the theme 'Empowerment of Women'.

RMK, being the nodal agency for IITF 2008, organized the Ministry's pavilion. There were 99 stalls set up for over 300 women participants of 150 Self Help Groups and NGOs from 22 States. The stalls were given free to the participants. Self Help Groups from Afghanisthan coordinated by SEWA Gujarat in collaboration with Ministries of Commerce and Women & Child Development also participated. The women representatives of SHGs and NGOs, who had come from reinote villages of India to Delhi, were ranging from upcoming women entrepreneurs in the age group of 21-22 years as well as the simple, traditional artisans of plus 55 years.

Products put on exhibition cum sale were as diverse in their range, prices, beauty and craftsmanship as in their geographical coverage. The products included-handmade items like durries, handlooms dress materials, saris, bed sheets, garments; jute items; brass items; cane and wood products; paintings; beadwork; eco-friendly products made from trash, local grasses and dry flowers; stone jewellery, 'agarbattis', woolens and embroidery items; food stuff like pickles, dry fruits & sweets traditional leather items, household decorative items, furniture, herbal products, coconut based products, terracotta items etc.

The Ministry of Women and Child Development's pavilion in the India International Trade Fair 2008 at Pragati Maidan, New Delhi was a grand success. It provided an opportunity to the participants from all parts of the country and also from Afghanisthan to interact and exchange their views regarding the activities and products produced by Self Help Groups in their respective country/areas as well as RMK micro-finance programmes. The fair also provided a forum, which helped to cross-fertilize the knowledge of the participants.

vi) E xp osu re visits on M icro-finance & W om en Em pow erm ent for Seven M em ber Delegation led by Ms. A um Rensy D em , w ife of the Prime M inister of B hutan from 1 - 3 February 2009 and a subsequent visit by 34 members from 18-23 M arch 2009 from Bhutan.

A seven member delegation led by Hon'ble Ms. Aum Rensy Dem, spouse of the Prime Minister of Bhutan visited Bharatpur based RMK partner NGO viz LUPIN Foundation from 1 - 3 February, 2009 in Rajasthan to see the socio-economic empowerment activities through RMK micro-credit to SHGs and immensely appreciated the RMK's institutional m echanism , quasi formal credit delivery and loans schem es for socio-economic empowering of poor women. As a follow-up, another delegation of 34 women from Bhutan visited India from 18-23 March, 2009 for sim ilar exposure to the micro-credit and empowerment activities being carried out by RMK. The group visited RMK partner NGOs Lupin foundation of India in Bharatpur District of Rajasthan and Social Action for Rural Development of Hill Areas (SARDA) in Sirmour District of Himachal Pradesh where they saw various income generating activities like Tulsi Mala, Bangal making units, buffalo dairy units, stone carving centres and rain water harvesting in Rajasthan and goat rearing, ginger production, agriculture and RMK market in Himachal Pradesh which has similar geo-climatic conditions as in Bhutan.

i

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INNOVATIONS, CAPACITY BUILDING AND SKILL DEVELOPM ENT

RMK has a large NGO network in the country, which helps in creating awareness among the NGOs to integrate micro finance activities into their social sector interventions. RMK organized a number of Awareness cum Capacity Building Programmes to nurture the supporting intermediary organizations and initiated a number of innovative programmes during the current year.

Innovations

i) Expanding outreach in the under-served areas: One of the innovative initiatives is that RMK has appointed Rashtriya Gramin Vikas Nidhi (RGVN) based in Guwahati Assam as its Franchisee for the NER.

For the first time the State of Arunachal Pradesh and UT Andaman & Nicobar Islands were financed by RMK in the year. Similarly after a span of 13 years, with lot of efforts RMK could bring Three NGOs from J & K to its credit fold by way of sanctioning them Rs.90 lakhs loan in the current year after the J&K Women's Development Corporation Ltd. was given micro-credit by RMK in 1996 and thereafter there was no loaning in J& K.

ii) C redit-deepening in the C o-operative sector:

a) Women Co-operative Banks: Two W omen Cooperative Banks viz Indore Swayamsidha Mahila Co-operative Bank Ltd. Indore (Madhya Pradesh) and Konoklata Mahila Urban Cooperative Bank Jorhat (Assam) have been provided with re-finance of Rs. 100 lakh and Rs. 13.40 lakh respectively. Another Women Bank viz. Manjra Mahila Urban Coop. Bank Bidar (Karnataka) was sanctioned main loan of Rs. 100 lakh.

b) Govt Apex Co-op. Federations: MP State Cooperative Dairy Federation was sanctioned Rs.500 lakh as franchisee for the second time in the State of Madhya Pradesh. Similarly, another Apex cooperatives' federation namely Punjab State Co-operative Handloom Federation Ltd. (WEAVCO) has been associated by way of sanction of Rs. 75 lakh as franchisee for financing women cooperative societies.

c) Women Federations: In Andhra Pradesh 11 Mandal Samakhyas (Block Level Women Federations) were disbursed Rs. 275 lakh.

d) Co-op. Societies: A Credit Cooperative namely Cauvery Mahila Credit Cooperative Society. Kolar (Karnataka) and a M ilk Co-operative, Krantimata Laxm ibai Nayakawadi M ahila Sahakari Dudh Utpadak Sansthan Sangli, (Maharashtra) have been sanctioned their first loans.

Thus, a salient feature of RMK's financing is that during this period for the first time, apart from exclusive Women Co-operative structures like Cooperative Banks, Cooperative Societies, Federations, Apex State Govt. Federations are leveraging more and more funds from PMK for expanding their outreach among women

41

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members. Collectively, these efforts have resulted in reaching out to 5820 more women borrowers.

iii) Marketing:

M arketing is an essential com ponent of SHGs. Realizing the importance of backward & forward linkages particularly in a globalised world where market-led demand has opened up new opportunities and avenues for women, the Ministry of Women and Child Development and RMK have been pro-active in providing marketing platform and enterprise development to enable the SHGs in rural and remote places of the country to display and sell their regional and traditional products like households items, decoratives & handicrafts, handlooms articles, variety clothes, ready made garments, food products etc. at national/international trade fairs. In this connection, on behalf of the Ministry, RMK organized and managed two week long exhibition cum sales fair in the HTF 2008 at Pragti Maidan, New Delhi in November 2008, in which over 300 members from the NGOs/ SHGs from all over the country displayed their beautiful ware.

Separately too, RMK at the behest of its partner NGOs / organizations assist them in their marketing activities e.g. Women Development Organisation, Dehradun, Uttrakhand were helped in certifying their capacity, quality and cost of Barrack Blankets, Durries etc. for supplies to the Directorate General of Supplies & Disposal, Government of India.

Capacity Building and Skill D evelopm ent Program m es

O rientation Trainings on M icro-finance and Incom e G eneration Issues

During the period under reference, Four one-week Orientation Trainings on Microfinance and Income Generation issues for partner and new NGOs were conducted in the NIPCCD Training Centres as under:

i) Lucknow from 23 to 27 June, 2008 which was attended by 34 participants from UP, Rajasthan, Uttranchal and Jharkhand

ii) Bangalore from 28.7.2008 to 1.8.2008 where 21 Participants from 4 states viz A .P., Tamil Nadu, Kamatka and Kerala took part

iii) Guwahati from 13.10.2008 to 17.10.2008 which was attended by 30 participants from Manipur, Arunachal Pradesh, Assam and West Bengal

iv) New Delhi from 1st to 5th December 2008 with 19 participants from Delhi, Haryana, Punjab and J & K.

Skill D evelopm ent Training on D airy M anagem ent

RMK arranged a three day training on dairy management for SHG members at its Resource Centre - India Institute of Spice Research, Calicut from 4 - 6 February, 2009.

43

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T rain ing cum Exposure V isit for R M K partners in C ooperative Sector

A four day training cum exposure visit for RMK partners in the cooperative sector was organized at Self Employed Women Association (SEWA) Ahmedabad, Gujarat from 2 - 5 February, 2009 to share their experiences and practices.

A w areness Training Programme for partner N G O s in N orth Eastern Region (N ER).

In order-to remove the uneven presence of micro-credit in the country, which is witnessed mostly in northeastern region due to poor presence of banking network, lack of Infrastructure and awareness, five Awareness Training Programmes were organized in the states of Arunachal Pradesh, Assam and Meghalaya in the month of September 2008.

The following Training and Capacity Building programmes were conducted in NER.

SI. No. Name of program Date & place of holding

(1) (2) (3)

1 Awareness Programme on Income generating activities & RMK Schemes

Aalo, Arunachal Pradesh on 05.09.08

2 Awareness Programme on RMK Schemes for NGOs

Itanagar, Arunachal pradesh on 07.09.08

3 Awareness Workshop for Representatives of Zila Parishad & Panchayat Samities and NGOs

Tawang, Arunachal pradesh on 09.09.08

4 Orientation training Programme on Micro-finance for NGOs. State Officials etc.

Guwahati on 11.09.2008

5 Workshop on Micro-finance & Women Empowerment for NGOs, State Government & Municipal Councils etc.

Shillong, Meghalaya on 13.09.08

Total participation in these programmes was 695. TTie above mentioned specially designed awareness programmes evoked tremendous response among the participants and was translated in to reality by way of dispensation / deepening of credit in these areas during the current year.

In all, 16 training programmes for NGOs for skill development, capacity building and exposure visits were conducted during the year 2008-2009 at various locations as given in Annexure - 1.

N odal Agencies

The micro finance programme of the RMK for the socio-economic upliftment of poor women through the SHGs is most successful one in the country where the recovery rate at the apex level is 91%. Therefore, a large number of Voluntary Organizations, Government

45

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autonom ous bodies, Cooperative Societies etc. are coming forward for financial intermediation.

As a part of the development initiatives for the future growth of micro finance, RMK had launched a Nodal Agency Scheme. RMK has 22 Nodal Agencies in the entire country for credit linkages with new and potential NGOs with a view to expand its outreach in a most cost-effective manner in the marginally and uncovered areas of the country. List of Nodal agencies is given in the Annexure- II.

Resource Centres

Resource Centres scheme is the RMK's recent initiatives. Under this scheme, RMK identifies reputed Government Organizations / NGOs / Research Institutions / Universities / Academic Institutions having adequate infrastructure to extend their services for capacity building, vocational trainings and skill development/up-gradation, modern practices, technology transfer, micro-enterprise development, etc. to the SHG members / group leaders and implementing agencies.

During the year RMK approved the following Resource Centres one in the NER as part of its capacity building drive for the poor women and Government / Non Government Organizations.

Name of the Resource Centre Training Areas

State Institute of Rural Development, GS Road, Khana Para,Guwahati - 781022

SHGs formation, Skill Development / Upgradation, Capacity Building in Management and Technology etc.

Barli Development Institute for Rural Woman180, Bhamori, New Devas Road, Indore-452010

Training in the Non-conventional energy related income generating activities integrated with Health and Women Empowerment.

RMK has 15 Resource Centres in the entire country. A list of Resource Centres is at Annexure-III.

47

^ r r ^ w g w s f f ^ r

d m iP d d * T W *#W T3ff ^ ^ S StUgtm :W W % 5)Pfa>H t

f^FTT

1. ldi?K % FFTTTr FT [f

Some Success Stories of the Women Benefited from RMK-SHG -beneficiaries programme of M icro Finance

Bihar

The Jan Jagran Kendra, a local NGO in Hazaribagh District of Bihar is assisting its SHG members including the Kiran Bachat Samiti by extending them micro credit from RMK. Kiran Bachat Samiti (SHG) is a group of 20 women in a village called Sindpur of Barhi Panchayat Samiti in Hazaribagh District. The group members individually get loan from the Samiti to purchase animals like cows, goats etc. with a view to increase their monthly income. But one of the members Mrs.Geeta Devi had other plans in mind. She applied for micro-credit assistance from RMK through the NGO for starting a Bicycle Repair Shop. She got success in the trade. Mrs.Geeta Devi has achieved a greater economic status in her family. She has a greater say in the decision-making process of the family. The micro-credit support has helped Mrs. Geeta Devi to live a life of dignity, respect and self-reliance. Mrs. Geeta Devi is of the view that for her success the credit should go to RMK and the local NGO Jan Jagran Kendra without their help this was not possible.

Delhi1. Integrated N ational Development Centre for Advancem ents Reforms and

Education (INDCARE) a Delhi based NGO after obtaining financial credit from RMK is successfully working with slum urban and rural poor women in different part of the city with a view to improving their living conditions and quality of life. INDCARE promotes such SHGs, Cooperatives, Mahila Chetna Munch, which are instrumental in addressing the immediate social and economic basic needs of the poor women.

2. INDCARE has formed 1600 SHGs of nearly 50,000 women. In Delhi the organization with the help of MCD and Delhi Administration is implementing the Mid Day Meal Schemes for 1,00,000 children of 164 government run Primary Schools. The SHG Members have been facilitated in such a way that they directly involve themselves in the management part of the programme. 1500 women are currently engaged in this programme. INDCARE is extending them vocational skill development and training with a view to increase their technical and social competencies and working methods. The pilot project is working very successfully. It includes - i) Successful coordination / Partnership between Government and Non-Government Organisations, ii) Generation of gainful regular employment opportunity, iii) Capacity enhancement through training and exposure, iv) Reduction in drop out rates of children from schools, v) Increase level of quality and nutritional aspects, vi) Control in ensuring quality and quantity as per norms and provisions, vii) Addressing the gender aspect and viii) Scope for replicability.

49

3T33T# % sgm r Jjufdtll 3 3131 # 3f%f37173 % f%3=P3, 7) f%3 357 37 f#37 7131 8) 2tr#%73 # f%3 ^nfi r 11

v m s%?i

1. W % - 3%i3i3%%3 %3% # # 13 f%., #3iw 73% 35i3di tpj? 331377 3 f# n # : #TRI^dd^l # f%3 33% cR 751 1 1 ##H % 371 % 73% 71513d[ 73J5 f I %3% ##T3 % 213% d

M adhya Pradesh

1. M P State C ooperative Dairy Federation Ltd.. Bhopal is w orking for the empowerment of women by forming them in SHGs. The Federation has a number of SHGs. The Dairy federation received micro-credit assistance from RMK for its members. All the members associated with the federation not only got financial help but also received training for heir capacity building etc.

2. Smt Basanta Manohar is a member of Love Kush Mahila Self Help Group, which is affiliated with the federation. She belongs to a very poor family. It was difficult for her to feed her large family before joining the Group. Through the group she received financial assistance from RMK for purchase of a cow of good breed, which gives around 10 litre of milk per day. By selling cow milk to the Milk Samiti she gets good return. After meeting all the expenditure she has a regular income of around Rs.1500/- to Rs.1600/- per month. This income has made her to live with dignity in the society. She could arrange a better marriage for her daughter and also give education to her children, which was not possible before becoming the member of the SHG. She has put her children in school. The micro-credit support has helped Mrs. Basanta Manohar to live a life of self-reliance. Mrs. Basanta Manohar says that the change in her life would not have been possible if there was no financial assistance from RMK.

3. Similarly Mrs. Mamta Subhas is a divorcee and member of the Jai Yogeshwar Self Help Group. She belongs to a poor family of agricultural labourers and was leading a very poor life. She and other members of her group approached RMK through the Indore Milk Federation for micro credit assistance. Through her group she got micro credit assistance from RMK for the purchase of a buffalo. She started selling milk to the Cooperative Milk Society, Indore. Now she has repaid the loan and earning a monthly income of around Rs.2000/- per month. She does not depend on any one since she has a regular income of Rs.2000 /-, which is sufficient for her to live a life of dignity in the society. She is thankful to the Indore Milk Federation and R.M.K. for the extending her micro credit help.

4. There is yet another example of Jai Durga Self Help Group consisting of 20 members associated with Dugdh Sahkari Samiti, Marya, Bhillai. The group got micro-finance help from RMK for purchase of milking animals. Before joining the group the women members were working as labourers and living a life full of misery. On receipt of micro credit assistance from RMK these dedicated women purchased cow/buffalos and started selling milk to the Samiti and earned a good profit, which was shared by the members. This, however, created awareness among the group members for better maintenance of milking animals. Not only this, these women started selling cows to other members and making a good profit for the group. The micro-credit support has helped the group members to live a life with dignity in the society..

ffp 3TRR RTR PTRT fefT i RFT RflRRT % R p cfr RRRlf RTf RRRT if R*RH ft'jft FT yfl T if RRR R?t |

TF5R8TH

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Rajasthan

LUPIN Human Welfare and Research Foundation a grass root NGO working in the selected villages for its economic development. Nagala Harchand in Block Kama of Bharatpur district is one of the selected villages. The villagers in the village are generally agricultural labourers and are not only backward but also very poor. The NGO formed a number of SHGs of men and women. Women were more enthusiastic than men. Therefore, they took active part in formation of several groups. Proper training was given to the groups by the NGO for different trades. Women preferred Tulsi Mala making and animal husbandry. A request for micro credit assistance was made to RMK through the LUPIN Foundation and the loans were provided to these groups by the NGO. The business of Mala making picked up and the sale increased. Similarly income from the sale of milk was increased. The economic condition of the village improved to a great extent. The social status of the villagers rose to a great extent. The women of the village joined the mainstream of development. It helped in raising the educational standard of the villagers. All the evil activities prevalent in the village being backward reduced substantially and the village achieved its full economic development. The micro credit assistance given by RMK to the SHG members through the NGO - Lupin Human Welfare & Research Foundation made all the econom ic and social development of the village possible.

ftr.R.

1ST

3ft

TFT

Tam il Nadu

Madhar Nala Thondu Niruvanam (MNTN) a grass root NGO formed a number of SHGs. One of the SHGs is. - Sun Self Help Group consisting of 15 members. The economic condition of the group members was very poor before joining the SHG. The MNTN imparted the group training for income generating programme. After obtaining proper training, MNTN approached RMK for micro-credit assistance for the group. A loan was sanctioned to the Self Help Group for milk dairy business. This business gave them enough profits. The profit is shared among the group members. This has enabled them to raise their standard of living, their status in the society, given them the opportunity to educate their children and live a life of self-respect with dignity. Encouraged by the success of the group other women of the area followed the model for their SHG. The group members are all praise for the financial assistance given by RMK through the NGO.

Uttarakhand1- Women's Development Organization (WDO) is a registered organization under

Societies Registration Act 1860 since 1990. WDO is working as an "Apex Body" for marketing of products manufactured / produced by rural folk/women. WDO is working with 4-tier system i.e. WDO-head office on all India basis- State projects office-related registered Societies - at grass root level and - Self Help Groups.

2- Generally Self - Help Groups (SHGs) consist of 10 to 20 members. But the area where WDO is working formation of large group is difficult. Therefore, SHGs

53

3RcTT % I g^TT^T qKdtq SIRR Sft%R

formed by WDO consist of 5-15 members at grass root level in the village, remote and backward areas. These groups are mobilized after providing necessary training for capacity building apart from facilities available through training for woolen & cotton articles.

WDO organized 10 groups with 15 members each for making Barrack Blankets Thus 150 members were grouped for barrack blankets making. Separately there are 450 family members associated with these groups in different villages. Thus 600 members of traditional weaver families were associated.

Similarly 300 women members in 20 groups with 15 members in each group were formed by WDO. In these groups about 900 family members were associated from traditional weavers families. Thus WDO was able to add 1200 more families' members in their SHGs. Another 20 groups consisting of 15 members were formed in the subsequent years These groups nominated 10 members from their groups to form a Federation and registered it in a society. All the members of these 50 SHGs consisting of 900 families indirectly became member of the Federation so that all the 3000 members jointly can work at their convenience. In the bringing the WDO representative viz the Secretary guided the federation, till it become independent and self-sustainable.

55

f o l k

2008-2009 TTftrfl ftt?TT ftft ft 1RT7R =61 16erf 3ft SfT I ftTsTRTftSIT fftrfrf ft) *831 fftftftl ftcrfftftft frfRfM^T | :

1. 6HU 3tT fteblft ft SJT3T 3TR fftsft 3ft 345.61 R13 w ) 3?) jpRT ft 3ft 2008-2009

ft 423.97 ?fl73 713% ft I # 3 lftr?k ^ % ft4 ^ iR 3 jR 3 W W l?3 5ftft'gMftrfl 311

2. 3% 2008-09 % ftTH f t l9Fg 9'?;?Tft9E'Ilft91R,,r % tf9%

3. ^ TTW rf% 393)71 %%9

4. ^391, fft?TT *3 7191? %%% 5.29 TfTS' 7*1%

5. 7T3%9 * 3 f%337T f%f%

56

F in a n c ia l W o r k in g

The Year 2008-2009 was the 16th year of operation of Rashtriya Mahila Kosh. Some of the financial highlights of the Audit Report are given below:

1. The interest income of Rs. 423.97 lakhs from our loaning operation during 2008-09 was higher as compared to Rs. 345.61 lakhs in the previous year. The other major source of income was by way of interest earned on investment of surplus funds with Commercial Banks.

2. The total gross income of RMK during 2008-09 was Rs. 963.04 lakhs as compared to Rs. 628.27 lakhs in the year 2007-2008.

3. There has been an increase in the income over expenditure of Rs. 329.60 lakhs over the previous year. This is mainly due to increase in interest received from NGO's on account of loan and interest earned on investment with BankThis year total interest received from investment was Rs. 518.32 lakhs as compared to Rs. 269.45 lakhs in the previous year. Administrative expenditure was Rs. 87.75 lakhs for 2008-09 as compared to Rs. 115.02 lakhs during the year 2007-08.

4. The income of RMK is exempted from income tax for a period of three years up to the Assessment year 2005-2006, (under section 10(23C) (iv) of the Income Tax Act of 1961). RMK has applied for extension of exemption of its income from Income Tax under section 10(23C)(iv) of Income Tax Act 1961, beyond assessment year 2005-2006. However, it is still awaited. In view of this, no provision has been made for income tax payment for the financial year 2008-2009.

IZATION O F PR O V ISIO N S M A D E D U RIN G TH E YEA R 2008-2009

General Body, on the recommendations of the Governing Board had approved the llowing appropriations out of surplus income during 2007-2008:

(Rs. in lakhs)

Risk Fund 400.00

Corpus Fund/Revolving Fund 34.86

Death Relief and Rehabilitation Fund Nil

Information, Education and Communication Fund 5.29

Promotion and Development Fund Nil

. The utilization of respective funds is as follows:

No utilization during the year

Expenditure made during the year 2008-09 Rs. 22,99,214.00

f^FT 3R>R

i. ^ tf^ rf^ T W % tftn aq4F R^f garr i

2. ^RT, %STT trer RRR R^ 2008-2009 ^ tTPT fe lT W H R 22,99,214.00 SfT I

^ % tiPT f^ n w3.

4. l i # f RR f^cBIR r^ % RfcH umrF ^ i(^r wirrt

TF$R RftRT RllR -% f WT affc fofaRR 22 (iv) % OigRR RRR % ftRRRl RR RSRKIT RffelRl R ffoblfoT RT RTCR *K=bl< RRT RltR Rl f ltr ^11T r C IRI Rlf*TR % R RTlrl 11 RRR F R iK 5RT 31.3.2009 Rlt' RRTR1 ?tR

Rlfl R RR5 ^ RflRRF ft-JRR f fcRT RRT I FRFTTTSTT RRRRT 2009 3 RRTRf FT RF I

58

3. Death Relief and Rehabilitation Fund No utilization during the year

4. Promotion and DevelopmentFund (SHG Development) No utilization during the year

AUDITIn terms of Rule 22(iv) of the rules and regulations o f RMK, the auditors of the Kosh are nominated by the Govt, of India on the recommendations of the Comptroller and Auditors- Gei teral of India. M/s Suresh Malik & Co. were appointed Auditors by the Govt, of India for auditing the accounts of the Kosh for the year ending 31.3.2009. The audit was completed in the month of October 2009.

TP^hr Hf^rr cEtw

1 $ f e # - i 10001

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Ft TTRT # F5F STf Rt % 3Tf##F11 FT# TRF # 39,055,199 (9,17,05,995.72) F F# F# TF5F xrgj

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AUDITORS' REPORT

-ia>:U:I S

o f

The Members,Rashtriya Mahila Kosh New Delhi 110001

We have audited the attached Balance Sheet of RASHTRIYA MAHILA KOSH as on 31st March 2009 and also the Income & Expenditure Account and the Receipt & Payments Account for the year ended on that date annexed thereto. These financial statements are the responsibility of the Governing Board. Our responsibility is to express an opinion on these financial statements based on our audit.

We conducted our audit in accordance with auditing standard generally accepted in India. Those Standards require that we plan and perform the audit to obtain reasonable assurance whether the financial statements are free of material misstatement. An audit includes examining, on a test basis,

1 evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management/Governing

. Board, as well as evaluating the overall financial statement presentation. We believe that our audit pro /ides a reasonable basis for our opinion.

1. Provision for Bad and Doubtful Loans: Loans to the tune of Rs.178,095,545 (176,527,374.90)out of total loans of Rs. 737,687,648.08 (649,907,536.71) are under the defaulter category and the books of account do not show it as separately. Out of this, a sum of Rs.84,521,882 (56,723,099.68) is overdue for more than three years, a sum of Rs. 20,280,671 (13,563,348.50)is overdue for more than two years but less than three years, a sum of Rs. 34,237,793 (14,534,931.00) is overdue for more than one year but less than two years. Similarly a sum of Rs. 39,055,199 (91,705,995.72) is overdue for less than one year.

Note: The figures indicated in brackets are for the year 2007-08.

The RMK has no method of evaluating these loans as standard, sub standard, doubtful and loss. RMK is treating all loans as standard, hence, did not make any provision for sub- standard, doubtful and loss assets and to that extent, the Income and Expenditure Account does not show a true and fair view. RMK should make appropriate provisions in various classes of loans.

Having effect on the income and expenditure of the Kosh as aforesaid, the financial statements read with Significant Accounting Policies and other notes, give the information required by

nv1 Law in the manner so required and give a true and fair view in conformity with the accountingprinciples generally accepted in India:

(a) In the case of the balance sheet, of the state of affairs of Rashtriya Mahila Kosh as at 31s* March 2009.

.(b) In the case of the Income and Expenditure account, of the Income for the year ended on that date and

(c) In the case of Receipts & Payments account, of the Receipts & Payments for the year ended on that date.

E: NEW DELHI 5ATED: 18th March, 2010

(ARVIND KUMAR)PARTNER

MEMBERSHIP NO. 082930

61

: ? -

*L- i'r=V. .

l , a i j s r u n r t i t e , * > n # B i f l f e , ^ f o # - n o 0 0 1

R A S H T R I Y A M A H I L A K O S H

1, ABULFAZAL ROAD, BENGALI MARKET, NEW DELHI-110 001

3 1 i m f 2 0 0 9 ^ f e r i c T $ 3 1 3 U R p R - t R

B A L A N C E S H E E T A S A T 3 1 . 3 . 2 0 0 9

^np^f^PTcr R itr 3tr t*raro

CORPUS/CAPITAL FUND AND LIABILITIES:a i ^ t

Schedule

31.3.2009 fa .)

31.3.2009 (Rs.)

31.3.2008 fa.)

313.2008 (Rs.)

CORPUS FUND 1075000000.00 761514405.80

sruRr i art^rihrRESERVES AND SURPLUS 1 386360799.15 315079626.25

y # w tmCURRENT LIABILITIES AND PROVISIONS 2 12072647.23 14577587.17

*fhrTOTAL 147343344638 1091171619.22

q faim R u T :A SSETS:

a ? w qftqmfruTFIXED ASSETS 3 663989.88 758490.74

31.3.2009 $ 3?3*nT W *TPT 37# aqqfoqfSCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2009

i - arrcftfcT ^ aiftrata ; 31.3.2009 fa .) 31.3.2008 fa .)SCHEDULE 1 - RESERVES AND SURPLUS: 31.3.2009 (Rs.) 31.3.2008 (Rs.)

1- ^ f tf aDeath Relief & Rehabilitation Fundfas# #ar # sgsRAs per last Account

$ ^ 1 R 3RPT (2008-2009)593931.01 578284.01

Transfer during the year (2008-2009) W f :

22978.00 616909.01 15647.00

Less: Deduction during the year

2. falfar

0 593931.01

RISK FUNDfas# #?t %As per last Account 139672592.00 129672592.00Sjkr?R % 2007-2008 % fk R 3RTT Transfer during the year from surplus 2007-2008 40000000.00 179672592.00 10000000.00 139672592.00

3. FRItfr Tj# fosrcr f tf a

PROMOTION & DEVELOPMENT FUNDfas# 3 m % 313317As per last Accountsftf : tR

ONOl

Jfeai * &ERFT i -7R ^

tfis fr $ 3 fo irLess: Grant given to NGOs for SHGs Promotion

4. ftrw #wr t iftr INFORMATION, EDUCATION & COMMUNICATION FUND

^ agRTTAs per last Account2007-2008 % a d ^ T afcR TTransfer during the year from surplus 2007-2008 traft : ^ |3TTLess: Utilised dining the year

5. sq*r tp[ 3TPT qft 3lfeq*flEXCESS OF INCOME OVER EXPENDITURE

m n u m m .

% rTOTAL

0.00

103979553.95

529098.00

2299214.00

26886796.00

102209438.04

76975064.10

386360799.15

375285.00

82893351.77

26151090.91

5064888.73

26818857.00

103979553.95

44014692.29

315079626.25

(TmftON BEHALF OF GOVERNING BOARD

(EXECUTIVE DIRECTOR)( * n # s i f t e r *rcw )(AUTHORISED MEMBER

OF GOVERNING BOARD)

r

si.3.2009 $ 3Fprrc tft ^ arj^ ftq fSCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2009

3 T 3 ^ t 2 - 3 1 ^ ^33Td TJ3 J 1 W : 31.3.2009 fa .) 31.3.2008 fa .)SCHEDULE 2 - CURRENT LIABILITIES & PROVISIONS: 31.3.2009 (Rs.) 31.3.2008 (Rs.)

i . fafo n stam *1. Sundry Creditors:

>3f) 3F 3a) Others - Expenses 317413.69

2. 3 F 3 3 T ^ ^ 3 3 lt 2. Other Current Liabilities:

35) ^ 33 3m 33Ta) Salary & allowances H) W # 3 3 T 3 3 3

152810.00 550449.00

b) Salary IEC Consultant 3) 3^ F 3 tslldl

100000.00 100000.00

c) Suspense Account 3) cb'fdl'd 35*313 3 sfWf T ?33

151000.00 343131.00

d) Staff Welfare & Medical Expenses 3) 33*331 sfc^T

11580.00 15472.00

e) Membership Fee Refundable 3 ) 3T3T 35t ^3 3 %

9500.00 9500.00

f) Grant-in-Aid NABARD 950000.00 950000.00

B) 351331 3I35R (3t4W *3353T) g) Grant-in-Aid (Rural Sanitation) 1809625.00 1809625.00

CT\

w) J I W B. PROVISIONS

3>)a) Audit Fee

b) Other Items

33060.00

6456455.23

33060.00

6049802.00

(W)TOTAL(B) 6489515.23 6082862.00

^ (ar + *r)GRANT TOTAL(A+B) 12072647.23 14577587.17

BBS

/ ft r ft \(5fITr m s cF cnw )

ON BEHALF OF GOVERNING BOARD

(EXECUTIVE DIRECTOR)(?ntf ^ % a i^ d n w )(AUTHORISED MEMBER

OF GOVERNING BOARD)

1

flj.1T. m ^PT 2009/2008 2009Pptw TlftT (*.)Provision 2009/2008 2009

S.No. Particulars Amount (Rs.)

1.1. Adv. DAVP

2. ^2. Prepaid Expenses

3. ctfifeiwr %3. Workshop Expenses

anv^NfM iscellan eo us Expnses

4. xrg^f ^ 3nf #

4. Adv. NICSI 40785.00

5. # iran T5. Adv. ICAR 5100.00

6. U 9T

6. Himachal Pradesh 3200.00

7. 91

2008 Tiftr fa .)

2008Amount (Rs.)

124625.00

9461.00

1744993.00

40785.00

32.00.00

5250.00

76500.00

585545.00

Adv. Node! Agency

M onitoring and E valu ation C harges

13. orrf TTg- tt tjt13. Adv. ISAP

14. #^T9FT

14. Evaluation Charges

G overning B oard E xpenses15. 5T. Tier

15. Adv. Dr. Rao

rrsrr r#T ravelling Exp en ses-IE C

Mv-

16. 54T1T tJlT. tpr. 5*3*16. Adv. S.M. Purkar

17. ^ an? 3^17. S.R. Gupta Lupin

18. ffan j?18. Reeva Sood

h m m m

585545.00 585545.00

42624.00 42624.00

100.00 100.00

329764.00 294369.00

150000.00 150000.00

141644.00

25000.00 25000.00

72480.00 72480.00

132844.00 132844.00

72480.00 72480.00

| a p * , * 5 < i S .

C on veyan ce C harges19.19. Adithi Mehta

20.20. Audit Fee

tTOT

S alary and A llow ances21.21. Staff22.22. DD/GM23.23. PF (Employer contribution A /c)24.24. Adm. Charges25.25. Gratuity (DDs)26.

26. Gratuity (Staff)27.27. Leave Encashment (DDs)28.28. Honorarium

5160.00

449930.00

81000.00

44750.00

161882.00

28 . H on orariu m

warn

0

mMmr:

30. t^arfrraT^reraiT30. Newspaper and Book Periodical31. anftir $31. O ffice Expenses32. sihfoHWQ#

32. Professional Charges33.

33. Security and Servicesn t *\ .ft. *V A f34.34. Telephone/Mobile35.

35. Travelling Expenses - Main36.

36. Uniform and Liveries37.

37. Vehicle Maintenance

38. d*Kssu?38. Wages

39.

39. W ater and Electricity

K). fciror10. Rent

13000.00

19&0.00

5529.00 5230.00

925.00

64403.00 389666.00

66204.00

37277.23 4008.00

178775.00 750065.00

350.00

2311.00

26127.00

39122.00

561800.00

7055.00

41. % p sr:41. Staff Welfare 7055.0042.42. Subscription Receivable 209000.0043.43. OTA 13000.00

Total 6456455.23 6049802.00

(?mfr ^ tt# )( ON BEHALF OF GOVERNING BOARD)

cbPftltfeb fatSflcb(EXECUTIVE DIRECTOR)

(?mft i t i $ y ifV fd n w )(AUTHORISED MEMBER

OF GOVERNING BOARD)

s 3 jw ^ E F r ir r a fSCHEDULE 3FDCED ASSETS

Cnftr t )(Amount in Rs.)

f ^ rDESCRIPTION GROSS BLOCK DEI

*NETBL

iffaiOCK

^ W 8RECIATION

1.4.2008 31.3.2009 JBf $ 2008-09 Prat

91 41-"i

TOTAL OF

CURRENT

YEAR

*ET ^sf

PREVIOUS

6146893.06 9,600.00 0.00 6156493.06 5388402.32 104100.86 - 5492503.18 663989.88 758490.74

YEAR 5987640.06 159253.00 0.00 6146893.06 5273103.29 115299.03 _ 5388402.32 758490.74

(srrcfr ^ON BEHALF OF GOVERNING BOARD

(EXECUTIVE DIRECTOR)(STT# i t i $ UTfafcI(AUTHORISED MEMBER

OF GOVERNING BOARD)

ft*- - wT iZ W SfFP $ls affqj mRuiritState Bank of Patiala

31.3.2009 fa .)31.3.2009 (Rs.)

31.3.2008 fa .)31.3.2008 (Rs.)

0.00 4,00,00,000.00

0.00 6,00,00,000.00

5,00,00,000.00 0.00

0.00 18,00,00,000.00

10,00,00,000.00 0.00

33,40,00,000.00 1,40,00,000.00

0.00 2,00,00,000.00

8 ^TTTCanara Bank

TOTAL

11,25,00,000.00 5,00,00,000.00

59,65,00,000.00 36,40,00,000.00

(sfrrcft ^ wr#)ON BEHALF OF GOVERNING BOARD

xsON

(EXECUTIVE DIRECTOR)($TRft $ UTfafcT TfTW)(AUTHORISED MEMBER

OF GOVERNING BOARD)

5 1 .5 .2009 ($.)31.3.2009 (Rs.)

31.3.2008 (W.)31.3.2008 (Rs.)

s - wig; # ! F i W i 3P>r wwr afftnr SCHEDULE 5 - CURRENT ASSETS, LOANS & ADVANCES

3T. wig;A . CURREN T ASSETS:

i . f^ ra r

1. Sundry D ebtors

3t) w. 1 3 # ^ eft sTcrfSr w fm

a) Debts Outstanding for a period exceeding six months

107510.00 107510.00

C ash B alance in H and 20043.50 6580.50

fWl ^

BA LA N CES W ITH BANK

3T) ^rR#I % (WWW w )

a) State Bank of India (Saving Account) 47294533.04 22753322.17

* ) ^ n r fch (qcict oiti])

b) Canara Bank (Saving Account) 38980037.16 20757519.68

* ) ^ R r t $ F n f q s f h p r

c) Canara Bank II EAGM 184532.00 209006.00

* ) TR#T -& s |fo> (T ftftaircq)

d) State Bank of India (FCRA) 1395.70 86480541.40 1347.70 43727776.05

(sr)

TOTAL (A) 86588051.40 43835286.05

(sircft ^ $ m # )ON BEHALF OF GOVERNING BOARDXI

00

(EXECUTIVE DIRECTOR)(smft ^ s i f t e r m )(AUTHORISED MEMBER

OF GOVERNING BOARD)

*r. w r , arftnr tot 3 R rB. LOANS, ADVANCES & OTHER ASSETS

31.3.2009 (V.)31.3.2009 (Rs.)

31.3.2008 fa .)31.3.2008 (Rs.)

3PTL O A N S

3>) *irrii',i ^ilmia) Franchisee Scheme 73465110.00 33330977.00

n ) F F fb) Gold Credit Card Scheme 109704731.00 89255660.00

*T) ^ jC T # 3 R Tc) Housing Loan 9688248.00 12020445.00

ET) 5q-^FT#3RTd) Main Loan Scheme 442177141.35 379939359.98

*r) w i)ijRTe) Loan Promotion Scheme 24406045.30 22994711.30

B)

2. Sfftm- 3% 3RT 71% M WfK WfcTT Cf^ M *f W ^ #5 c| fT 3TRTI :

2 . A dvances and other am ounts recoverab le in cash or in kind or for value to be received :

a)a) NICSIb) ^ T T ORTTb) Security Depositc)c) Staffd) ststchd) Subscriptionse) fjnf?nwe) Workshopf)

- *v *v *x rs.

f) Nodal Agenciesg) ^qr w r r

g) Super Bazarh)h) TDSi)i) DAVP

j) TJcfsRT cZRJ-

j) Prepaid Expensesk)k) Sub-Committee1)1) Mohinder Singh

m)m) Prepaid Exp. EPF

40785.00

998140.40

283825.00

209000.00

2003032.00

585545.00

5250.00

1515514.00

124625.00

9461.00

42624.00

100.00

994.00

m) Prepaid Exp. EPF 3066.00 994.00

oo

o Ko) UNIFEM Advancep) 3ffiPT-3RTp) Advance - Othersq) tf.qqj.tfl'.qsr-q) AFCLr)r) IITF

3r) '3'nf^r ?raT u rsift qjt qpq q? sir

3. a) Interest accrued & due on Loans to NGOs

q) fatsff qr OTiftf

ssliwigitiswsBtiss

T T ^ T ^ T 3 fc r1, 3 l^ r ^wfW Tfe, W ft RTftfe, ^ fW t-110 001

RASHTRIYA MAHILA KOSH 1, ABUL FAZAL ROAD, BENGALI MARKET, NEW DELHI-110 001

31.3.2009 # W f M W 3TR tR S R 1T INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 313.2009

STPTINCOME

* , V31.3.2008 fa .)

31.3.2008 (Rs.)31.3.2009 fa .)

Schedule 31.3.2009 (Rs.)

c& w i f e w t t t s mInterest on Term Deposits with Bank 51832036.20 26944943.81

'3TDRI 4M (mT ^

fa)TOTAL (B)

RT 5T0T w t*RT WWZ t a - TOT (T I)Income Tax receivable for earlier year written off (Bl)

a ra % a r o ^ a i f a ^ r 5T a ifa sta (or-'srw i)Balance being excess of Income over Expenditure (A-B-B I)

to 3 sro % aro a t o t arfMta (2007-2008)Being excess Income over Expenditure from Previous Year (2007-2008)

aro afh; spr ster fa)Income and Expenditure Accounts ( C )

v3TOT fa ) t 3T?rRr:Transfer from ( C ) above to:

'jftfisPT fafferRisk Fund

mm

19329270.47 18746891.25

65471.77

76975064.10 44014692.29

44014692.29 36151090.91

40000000.00 10000000.00

wmmmmm

Corplus Fund 3485594.20

I^ r t , f^rw aftr w differInformation, Education & Communication Fund 529098.09 26151090.91

a r i s t a sft Fft afaftcr f ^ u wBALANCE BEING SURPLUS CARRIED TO BALANCE SHEET 769675064.10.10 44014692.29

fttsIM-HSIGNIFICANT ACCOUNTING POLICIES & NOTES ON ACCOUNTS 6

F T ft .: 1-8 cEU i jl f c lV f ftfcRI t t lT s f r j ?TJT 3 M Tpl % f t # M 3lfftH f t r | f# SET# ? ft t fftfft offt T l fe f t 1 1SCHEDULES 1-8 & ACCOUNTING POLICIES FORM AN INTEGRAL PART OF BALANCE SHEET & INCOME & EXPENDITURE ACCOUNT AS PER OUR REPORT OF EVEN DATE.

W w ! R tw ftFFB : 18 FT^, 2010PLACE: NEW DELHI DATED: 18th March, 2010

f f t F#PE eFFftt

FF*ft ^ T P F RFOR SURESH MALIK & CO. CHARTERED ACCOUNTANTS

(9THft $ FFfft)

ON BEHALF OF GOVERNING BOARD

(aiftftFT ^ f r ) (?mft f t e f )F T t o (EXECUTIVE DIRECTOR) (AUTHORISED MEMBER

(ARVIND KUMAR) OF GOVERNING BOARD)PARTNER

Membership No. 082930

315^ )- 7 - WBRT && :SCHEDULE 7 - ESTABLISHMENT EXPENSES :

51.3.2009 fa .)31.3.2009 (Rs.)

31.3.2008 fa .)31.3.2008 (Rs.)

g>) ?rarr

a) Salaries and Wages 9097849.20 6078375.70

^ R T

b) Bonus 55651.00 29604.00

*r) TSTO W TFT TpT SfWftr SRI

c) Staff Welfare & Medical Expenses 241064.90 269217.00

* ) *fflT

d) Gratuity/Leave Encashment 127698.00 287632.00

TO TA L 9522263.10 6664828.70

(? n # i t i $ =tr^)( ON BEHALF OF GOVERNING BOARD)

(EXECUTIVE DIRECTOR)(srrcft ^ ti $ m fefcT i w )(AUTHORISED MEMBER

OF GOVERNING BOARD)

31.3.2009 *PTRT cpsf T *IFT *TT# Srj^pRTSCHEDULES FORMING PART OF INCOME &

EXPENDITURE FOR THE YEAR ENDED 31.3.2009

8 - irgiraf F anr anfc 31.3.2009 fa.) 31.3.2008 fa.)SCHEDULE 8-ADMINISTRATIVE EXPENSES ETC. 31.3.2009 (Rs.) 31.3.2008 (Rs.)

#SHTftelT ^

Audit Fee

ffc -IR r c

40450.00 33060.00

Bank Charges

T-f

81481.00 10143.00

Books and Periodicals

cznr12330.00 21063.00

Conveyance Charges 1644374.00 817402.20

Depreciation

ft'JUfl-Tpft 3T2T

104100.86 115299.03

Electricity Water Expenses

farn)

233122.00 249889.00

Honorarium

^taHPT!T

104063.00 76097.00

Insurance Charges 2718.00 12517.00

Membership Fees

fH^ET a w

Misc. Expenditure

PpKI*fl W awMonitoring & Evaluation Charges

35Wf?W a w

Office Expenses

aw

Postage Expenses

eft xjsvnFs^a:

Previous Year Adjustment

ajeRllftb awProfessional Charges

awRegistration Fee

f=FTWTRent

106797.00 392232.00

11236.00 26636.00

20058.00 539640.00

330674.00 1074000.00

110849.00 48796.00

79795.00 98807.00

0.00 8670.00

-85461.00 941104.00

-12800.00 0.00

3646550.00 3309000.00

gg g

W R d 3 (k

^ A n ^ u n v n u u \ c . u i u i \ j U X X I W I U U U J ^ i * i i JA i i^ J .

5 ? E 5 ? ;3 v :^'vT^P1 ; }*>' ,

H _ , l^''r '; * ' l'f ABUL FAZAlL RO'VD, BCNC A11 MARKET, N C\\ OLI111-110 001

31.3.2009 nt W ?T f a r 7ffa ^ tUTRECEIPT AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31.3.2009

s r r i wRECEIPTS

# 5ffaBalance with Bank

I ep IsTTIn Saving Bank Account

TePT

Cash 6580.50

^ fg>State Bank of India 22753322.17

^ R TCanara Bank 20757519.68

^ R T t^ -I I ^.tr.^t.-qR.Canara Bank II EAGM 209006.00

% -RTerffer W tt

Term Deposits with Bank 364000000.00

31.3.2009 (*\.) 31.3.200