Micro Enterprise Development Programme (MEDEP)

·         Conducted New Skill Training: Livestock Promotion Training (Poultry); Organic Pottery Making Training; sewing cutting training; Training related to animal husbandry Promotion(Goat rearing), Hand-sewing and knitting, Training related to sewing and tailoring;  training related to vegetable cultivation/farming; training related to house wiring, cutting and sewing training.

·         Formed, capacity development, mobilized New MEs Groups;

·         Formed, capacity development, mobilized Development Facilitation Network (DEFAN)

·         As part of the Small Enterprise Development Program for Poverty Alleviation, multiples of trainings were conducted and completed with the aim of reducing poverty by enhancing the target groups economic and social status.   According to the process of small business development program, two phases of activities have been completed, short-term training, medium-term training, 14 days and long-term training. Also, numerous other activities have been conducted for the promotion and development of small entrepreneurs

Major Achievements  .  Financial literacy, which refers to the knowledge and understanding of various financial concepts, tools, and practices that enable individuals to make informed and effective financial decisions. It encompasses a wide range of topics related to personal finance, money management, and investment. The components of financial literacy include:

Basic Financial Concepts:

Understanding key terms like income, expenses, budget, savings, interest, debt, assets, liabilities, inflation, and taxes.

Budgeting and Money Management: Creating and maintaining a budget to track income and expenses.

Managing spending habits and avoiding overspending.

Allocating funds for different purposes such as savings, investments, and discretionary spending.

Saving and Investing; Debt Management: Learning how interest rates work and their impact on debt repayment.

Developing strategies to manage and reduce debt effectively; Credit and Borrowing: Knowing how to use credit responsibly and how to build a good credit history; Financial Goal Setting: Setting short-term and long-term financial goals; Risk Management and Insurance: Understanding different types of insurance (e.g., health, agro, life) and their purpose; Economic Awareness: Staying informed about economic trends and how they can impact personal finances.

Consumer Awareness: Developing the ability to critically evaluate financial products and services; Taxation Knowledge: Understanding basic tax concepts and how they relate to income, investments, and expenses.

Overall, financial literacy is a multidimensional concept that equips individuals with the knowledge and skills needed to make informed decisions that can positively impact their financial well-being.

·         Enhanced financial literacy, debt management, budgeting and money management, saving and investment

·         Increased the number of micro-enterprises that would be operated by members of rural poor particular focus on women, dalit and janajati

·         Increased household income by increasing productivity of the micro-enterprises operated by the target group members

·         Created a more conducive and gender-equitable business environment for micro-entrepreneurs in the district