Income Generation Project
Income Generation interventions attempt to address poverty, unemployment, and lack of economic opportunities to increase participants’ ability to generate income and secure livelihoods. These interventions can take a wide variety of forms, including microcredit programs that provide small loans to individuals or groups who would not normally qualify for loans from conventional financial institutions. Microcredit is one form of microfinance, which involves the provision of a wider range of financial services, such as access to savings, credit, and insurance to poor people. In addition to microcredit, other income generation interventions focus on business and vocational skills training for participants, either for positions within existing industries or to develop small businesses of their own. Both microcredit and vocational skills training programs may include additional components not related to income generation, such as health education, women’s empowerment, critical thinking, and communication skills. Many also have strong social support components. Thus KRWCDS introduced the income generation project to overcome the above issues.
Project Highlights
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Provide seminars on income generation methodology.
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Provide portable equipment's to rural women to assist them in income generation
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Seminars on how to overcome debts and where to invest savings.
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Proper utilisation of available resources.