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RGMVP is the UP implementing partner in the Poorest States Inclusive Growth (PSIG) project actioned by the Small Industries Development Bank of India (SIDBI) in partnership with non-governmental organisations (NGOs) in selected states in the country. The goal of this project is to ensure economic growth among the marginalised sections of the community by fostering economic independence, deepening financial inclusion and building linkages with government programmes. The project focuses on imparting financial literacy among women and building their capacity to develop urban SHGs and Young Women’s SHGs in villages.

Credit utilisation workshops are organised regularly to enhance women’s ability to analyse and plan use of credit for activities, such as livelihood investments, meeting social needs and debt redemption; leveraging “self-help”; and supporting them to enhance their income.

Over the past four years, exposure visits have been arranged for bank managers to acquaint them with RGMVP’s SHG model and its functioning through interaction with SHGs, VOs and BOs. Exposure visits also help sensitise the bank managers, officials of the Bankers’ Institute of Rural Development and Indian Economic Service Officers from the Ministry of Finance, Government of India, to work for the upliftment of the women and solve problems faced by rural women while opening bank accounts.