ANNUAL REPORT2006-2007

RASHTRIYA MAHILA KOSH

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Annual Report 2006-2007

RASHTRIYA MAHILA KOSH

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CONTENTSPage 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. Workshops 31

7. Some Success Stories 35

8. Financial working 49

9. Name of Partner NGO's 103

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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 a quasi-informal 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 micro- finance services without collateral and hassle-free loaning for livelihood activities, micro enterprises, housing, family needs, etc. to bring about socioeconomic upliftment of women in the unorganized sector .

RMK provides loans to non-govemment organisations (NGOs) and voluntary agencies (V As) who on lend to group of individual beneficiaries (SHGs) at the grass root level on terms and conditions broadly approved by RMK. In a lim ited manner, Women Development Corporations, Women Cooperatives, Women Welfare Boards/ Agencies and such other agencies devoted to the economic development of women are also eligible for financial support from RMK with the approval of its Governing Board. RMK's activities cover bbth rural as well as urban areas of the country .

Micro-credit through SHGs 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 2006-07 in terms of formation of new NGOs, number of borrowers, amount sanctioned and amount disbursed. RMK appointed 35 nodal agencies till date (16 during the year 2006-07) 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'. It has appointed 5 Franchisee. RMK extends bulk finance to them who in turn on lend it to smaller and potential NGOs of the state/ district with 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 91 %.

A special credit package to enable the poor women in the North-Eastern Region of the country to access credit from RMK has been formulated. Resource Centre Scheme to provide capacity building, training, skill development, skill upgradation, exposure visits, etc. to the SHG members/leaders and implementing agencies in the country is being finalized.

5

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mY ear at a G lance — H ighlights

1. The year 2006-07 was the 14in year of operation of Rashtriya M ah ila K osh . In th is year, 88 new N on- G o v ern m en t Organisations joined RMK as partners. The total number of RMK members has reached 1,323 by the end of the year.

2. During the year 2006-07, credit limits amounting to Rs. 3071.00 lakhs were sanctioned, benefiting 34,692 women beneficiaries. O ut of th is, an am ount of R s.2410.60 lakhs was actually disbursed. The cumulative sanctions and'disbursements at the end of the year were Rs. 21743.84 lakhs and Rs. 17164.17 lakhs respectively, benefiting 5,83,403 poor women beneficiaries.

3. The gross income of Rashtriya Mahila Kosh during the year 2006- 07 was Rs. 526.51 lakhs as compared to Rs. 436.03 lakhs in the year 2005-06. There has been an increase in incom e over expenditure of Rs.57.20 lakhs over the previous year

4. Although the recovery rate of RMK loans has been encouraging,even then there have been some partner NGOs who failed to return the installments in time. RMK has taken a policy decision to initiate action and legal action by filling civil suits, criminal complaints (under Section 138 of Negotiable Instruments Act, etc.) against such defaulter NGOs and also blacklisting them. As a result thereof, RMK could effect recovery of Rs.133.44 lakhs out of the overdue loans.

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M anagement

ChairpersonSmt. Renuka Chowdhury, Hon'ble Minister of State (Independent Charge) for the M inistry of Women and Child Developm ent continued as Chairperson of RMK during the year 2006-07.

Executive DirectorSmt. Sneh Lata Kumar, Executive Director of RMK continued to hold the charge till the close of the financial year.

Board MeetingsThe 40th meeting of the Governing Board of RMK was held on 6th September, 2006.

Annual General MeetingThe XIII Annual General Meeting of RMK was convened on 29th March, 2007 in New Delhi. 52 NGO representatives including Governing Board members attended the meeting. The AGM adopted the Annual Report and Audited Accounts of RMK for the year 2005-06.

Loan Committee MeetingsThe 57th, 58th, 59lh, 60th & 61st Loan Committee Meetings were held on 6lh September, 9th November, 29lh December 2006, 19th February & 28th March, 2007 respectively to sanction loan applications of NGOs and other eligible organisations.

MonitoringRMK conducts monitoring studies to ascertain the proper utilization of loans at the grass root level after disbursement of the first installment of the sanctioned amount. These studies are conducted by officers from RMK and other experienced and professional institutions like AFCL which are well versed in micro credit and self help group activities. Besides, verification of the utilization of loan amount, the monitors also guide the borrowing Non- Government Organisations towards better implementation of the scheme. During the year, numerous monitoring studies were conducted under the Main Loan, Loan Promotion and Revolving Fund Scheme.

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O perationsSAN CHONSRMI< sanctioned loans aggregating to Rs. 3071.00 lakhs during the year 2006- 2007 to 110 Non-Government Organisations/Social Organisations as compared to Rs. 1930.90 lakhs during the previous year 2005-06 recording a growth of 59%. The cumulative sanctioned amount as at the end of the year was Rs. 21743.84 lakhs. During this year, 88 new organisations were linked with RMK. This has helped in expanding the out reach of RMK to some of the hitherto unserved areas and involving more organisations in spreading the outreach of micro-credit.

DISBURSEMENTSDuring the year 2006-07, RMK disbursed an amount of Rs. 2410.60 lakhs. Previous year's disbursements were Rs. 2068.42 lakhs. The growth rate during the year has been about 17%, Most of the disbursements were done through a large num ber of small and new organisations. The cumulative disbursement

Ms at year ending 2006-07 was Rs. 17164.17 lakhs. The Scheme-wise comparative statement of sanctions and disbursements during the two years, i.e., 2005-06 and 2006-07 is given in Table - I.

TABLE - 1SCHEME WISE COMPARATIVE STATEMENT OF SANCTIONS AND

DISBURSEMENTS DURING 2005-06 AND 2006-07(Rs. in lakhs)

Sr. Schemes Amount Sanctioned Amount DisbursedNo. 2005-2006 2006-2007 2005-2006 2006-2007

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 92 1248.50 91 2271.00 90 1058.12 125 1637.002. Revolving Fund

Scheme 5 368.00 7 640.00 10 459.00 10 593.203. Loan Promotion

Scheme 12 40.50 9 48.00 16 33.00 13 35.004. Housing Loan

Scheme 1 70.00 2. 62.00 1 70.00 2 53.505. Gold Credit

Card Scheme /I 163.80 i 15.006 Franchisee

Scheme 2 90.00 4 284.50*7 Refinance

Scheme l 39.90 i 50.00 i 39.908 . Working Capital

Term Loan i 74.00 i 37.00TOTAL 114 1930.90 110 3071.00 125 2068.42 153 2410.60

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SCHEME-WISE ACHIEVEMENTSMain Loan Scheme

Loan assistance to the eligible organisations under the Main Loan Scheme of RMK is provided for on lending to Self Help G roups/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.l crore in one state. During the year 2006-07, RMK sanctioned 91 applications involving loans aggregating to Rs.2271.00 lakhs to benefit 27403 women beneficiaries, against the figure of Rs. 1248.50 lakhs sanctioned during 2005-06 benefiting 19612 borrowers. Disbursements during the year were Rs. 1637.00 lakhs as compared to Rs. 1058.12 lakhs during the previous year 2005-06. It is noteworthy that the number of borrowers during 2006-07 increased by 40%, amount sanctioned by 82% and amount disbursed by 55% as compared to the previous year 2005-06. Details of sanctions and disbursements under the Main Loan Scheme are given in Table - II.

TABLE - IISTATE WISE DETAILS OF NO. OF NGOS, NO. OF BORROW ERS, SANCTIONS AND DISBURSEMENTS UNDER THE MAIN LOAN SCHEME &

COMPOSITE LOAN SCHEME DURING THE YEAR 2005-2006 AND 2006-2007.

(Rs. in lakhs)Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

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

1 Andhra Pradesh 41 45 7940 12635 492.00 1018.00 343.25 766.502 Bihar 2 361 25.00 15.50 15.503 Chhattisgarh 2 313 10.00 5.004 Delhi 1 o 127 314 15.00 50.00 47.50 22.505 Harayana 1 147 10.00 5.00 5.006 Jharkhand 2.50 2.507 Karnataka 4 581 52.00 15.008 Kerala 1 225 15.00 2.509 Madhya Pradesh 2 822 40.00 17.50 20.00

10 Maharashtra 2 1 450 225 35.00 100.00 25.0011 Manipur 1 2 220 300 15.00 9.00 7.5012 Nagaland 4 599 40.00 15.00 17.5013 Orissa 22 9 3988 3815 214.00 245.00 211.50 187.5014 Punjab 1 84 16.00 16.0015 Rajasthan 5 3 734 1132 62.50 52.00 15.00 27.0016 Tamil Nadu 6 20 3484 7286 275.00 669.00 291.00 517.0017 Uttar Pradesh 1 77 7.00 20.50 3.5018 Uttranchal 1 109 10.00 16.3719 West Bengal 3 1 947 100 33.00 10.00 30.00 9.00

Total 92 91 19612 27403 1248.50 2271.00 1058.12 1637.00

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REVOLVING FUND SCHEME

The purpose of the scheme is to promote income generation activities among the SBGs. Maximum loan limit is Rs 3 crore, but not more than Rs.J more in one state. RMK ha? sanctioned Rs. 640.00 lakhs and disbursed Rs. 593.20 lakhs during the year 2006-07 against the previous year's sanction of Rs. 368.00 lakhs and disbursement of Rs.459.00 lakhs. Details of State-wise sanctions and disbursements are given in Table - III.

TABLE - IIISTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS UNDER

THE REVOLVING CtNL' SCHEME AND RFV'.SFD RFVOlV;CG FUND sCHEME D l1 RUNG THE VE OPS NlN-lN AWU i»)W-r*

(Ps. in iakliG

Sr.No.

Sta te No. of NGOs No. ofBorrowers

AmountSanctioned

AmountDisbursed

2005-200b

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

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

1 Andhra Pradesh 1 1000 100.00 146.00 35002 Bihar 1 2900 60.00 60003 Delhi 1 200 18.00 18.004 Himachal Pradesh 2 999 180.00 2000 80005 Kerala 1 1100 100.00 100.00

6 Orissa 50007 Rajasthan 1 1066 100.00 100.008 Tamil Nadu 2 3 2230 3100 190.00 260.00 22500 218.20

Total 5 7 6330 6265 368.00 640.00 459.00 593.20

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LOAN PROM OTION SCHEME

RMK 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 2006-07, a sum of Rs. 48.00 lakhs was sanctioned as compared to Rs. 40.50 lakhs during the previous year. Disbursement during the year has been Rs. 35.00 lakhs as compared to disbursement of Rs.33.00 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 2005-06 AND 2006-07.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

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

1 Andhra Pradesh 3 200 12.00 9.002 Bihar 1 n o 5.00 5.00 2.503 Chhatisgarh 1 32 2.00 1.004 Delhi 1 220 20.00 10.005 Manipur 4 410 16.006 Orissa 4 3 466 191 14.00 11.00 10.00 12.007 Rajasthan 1 1 26 43 2.50 1.00 1.50 2.508 Tamil Nadu 1 39 2.00 5.509 Uttar Pradesh 1 33 3.00 6.00

10 West Bengal 1.50 1.50Total 12 9 906 864 40.50 48.00 33.00 35.00

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HOUSING LOAN SCHEME

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This 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 year 2006-07, a sum of Rs. 62.00 lakhs.was sanctioned to organisations as compared to Rs. 70.00 lakhs during the previous year. Disbursement during the year was Rs.53.50 lakhs as compared to disbursement of Rs. 70.00 lakhs in the previous year. 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 2005-06 AND 2006-07.

(Rs. in lakhs)

Sr.No.

State No. of NIGOs No.Borro

ofwers

AmoSanctii

untlined

AmoDisbu

untrsed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

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

1 Madhya Pradesh 1 50 17.00 8.502 Tamil Nadu 1 1 280 110 70.00 45.00 70.00 45.00

Total 1 2 280 160 70.00 62.00 70.00 53.50

A T OGeneral Store in Andhra Pradesh

aft HHllirUFloriculture Nursury at Nagaland

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GOLD CREDIT PASS BOOK SCHEMEThe scheme aims at an adequate and timely credit delivery from RMK to NGOs for

onlending to SHGs for income generation and consumption needs in a flexible and cost- effective manner. Partner and non-partner NGOs of RMK may be sanctioned credit limit depending upon their record with RMK/other micro credit organizations and credit needs. The scheme is valid for 5 years subject to annual review. Maximum credit limit of the scheme is Rs. 5 crores. During the year 2006-07, a sum of Rs. 15.00 lakhs was disbursed as compared to Rs. 163.80 lakhs in the year 2005-06. 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 2005-06 AND 2006-07.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-200b

2006-2007

0) (2) (3) (4) (5) (6) (7) (8) G> •(H))

1 Haryana 12.802 Himachal Pradesh 100.003 Madhya Pradesh 38.004 Maharashtra 1 13.00 15.00

Total 163.80 15.00

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FRANCHISEE SCHEME

RMK appoints franchisees to spread its loaning activities. Smaller NGOs of the state can avail loans directly from 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 2005-06, Rs. 90.00 lakhs were sanctioned to 2 NGOs and Rs. 284.50 lakhs dibursed to 4 NGOs while there has been no activity under the scheme during the year 2006-07.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 2005-06 AND 2006-07.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

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

1 Andhra Pradesh 1 50.00 25.002 Delhi 29.503 Himachal Pradesh 30.004 Madhya Pradesh 200.005 Uttar Pradesh 1- 40.00

Total 2 90.00 284.50

•sift#Weaving of Sarees at Orissa

23

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

is made available to Urban Women Cooperative Banks on refinances provided by them to poor women either directly or through SHGs within the norms of the RMK's Main Loan Scheme. 1 NGO in Karnataka has been sanctioned Rs.50.00 lakhs under the scheme. Rs.39-.90- lakhs have been disbursed to 1 NGO in Madhya Pradesh as sanctioned to it during 2005-06. Details are given in Table-VIII.

TABLE - VIIISTATE WISE DETAILS OF SANCTION AND DISBURSEMENT

UNDER THE REFINANCING SCHEME DURING THE YEARS 2005-06 AND 2006-07.

(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

m G) (3) (4) (5) (6) (7) (8) (9) (10)

i Karnataka 1 50.002 Madhya Pradesh 1 177 39.90 39.90

Total 1 1 177 39.90 50.00 39.90

7R feiRT 2005-2006 R fedd ?]77 R) f e # i THfel fefed d fe dRfeOT/fefeT TTtf/qrqqjft. q)

4m $> 0

Thi$ scheme was initiated during the year 2005-06. RMK extends working capital term loan to NGOs/ intermediary organizations of women SHG products 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, education and skill upgradation. The amount of loan is Rs. 3.00 crore but not more than Rs.1.00 crore per state. During the year 2006-07 Rs. 37.00 lakhs was disbursed to 1 NGO of Delhi as against its sanction of Rs. 74.00 lakhs in 2005-06 as per details given in Table-IX.

WQRKING CAPITAL TERM LOAN SCHEME

TABLE - IXSTATE WISE DETAILS OF SANCTION AND DISBURSEMENT

UNDER THE WORKING CAPITAL TERM LOAN SCHEME DURING THE YEARS 2005-06 AND 2006-07.

(Rs. in lakhs)

Sr..No.

S t a t e No. of NGOs No. of Borrowers

AmountS a n c t i o n e d

AmountDisbursed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

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

1 D e l h i 1 74.00 37.00Total 1 74.00 37.00

27

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

variations. Andhra Pradesh has been in the lead to avail credit facilities from RMK with loans amounting to Rs.801.50 lakhs followed by Tamil Nadu Rs.785.70 lakhs, Orissa Rs. 199.50 lakhs, Rajasthan Rs.129.50 lakhs and Kerala Rs.100.00 lakhs. The fpur southern states, viz. Andhra Pradesh, Tamil Nadu, Orissa and Kerala together accounted for more than 78% of the disbursals during 2006-07. RMK's presence is there in Nagaland and Manipur in the North Eastern Region which formed around 1% of the disbursal during the year. Comparative position of State-wise sanctions and disbursements is given in Table-X.

TABLE - XSTATE WISE DETAILS OF SANCTIONS AND DISBURSEMENTS

DURING THE YEARS 2005-06 AND 2006-07.(Rs. in lakhs)

Sr.No.

State No. of NGOs No. of Borrowers

AmountSanctioned

AmountDisbursed

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

2005-2006

2006-2007

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

1 Andhra Pradesh 46 45 9140 12635 654.00 1018.00 523.25 801.50

2 Bihar 4 3371 90.00 20.50 78.00

3 Chhatisgarh 3 345 12.00 6.00

4 Delhi 3 3 327 534 107.00 70.00 95.00 69.505 Harayana 1 147 10.00 17.80 5.00'6 Himachal Pradesh 2 999 180.00 150.00 80.00

7 Jharkhand 2.50 2.50

8 Karnataka 5 581 102.00 15.00

9 Kerala 1 i 225 1100 15.00 100.00 2.50 100.00

10 Madhya Pradesh 1 3 177 872 39.90 57.00 255.50 68.40

11 Maharashtra 2 1 450 225 35.00 100.00 38.00 15.00

12 Manipur 1 6 220 710 15.00 25.00 7.50

13 Nagaland 4 599 40.00 15.00 17.50

14 Orissa 26 12 4454 4006 228.00 256.00 271.50 199.50

15 Punjab 1 84 16.00 16.00

16 Rajasthan 6 5 760 2241 65.00 153.00 16.50 129.50

17 Tamil Nadu 10 24 6033 10496 537.00 974.00 586.00 785.70

18 Uttar Pradesh 3 110 50.00 26.50 3.50

19 Uttranchal 1 109 10.00 16.37

20 West Bengal 3 1 947 100 33.00 10.00 31.50 10.50

Total 114 110 27305 34692 1930.90 3071.00 2068.42 2410.60

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I ©I WORKSHOPSI RMK organised 20 Capacity Building Training Programmes & Awareness-cum-BusinessI Development Workshops during the year 2006-07 at various locations as given in the Table I below. In these workshops, representatives of Non-Government Organisations and I Government officials involved in Micro-Credit Program/Self-Help Group promotion I participated actively.

1

Capacity Building Training Programmes

S. No Name of the State Date Organized by

1. Delhi 24“' to 27“’ Apr, 2006 Training programme for Nodal Officers & Monitors organized by RMK at NIPCCD, Delhi

2. Bangalore 31s!Jul to 4“'Aug, 2006 Capacity Building Training Programme for NGOs organized by RMK at NIPCCD, Bangalore

3. Indore 18“’ to 22"d Sep, 2006 Capacity Building Training Programme for NGOs organized by RMK at NIPCCD, Indore

4. Guwahati 18"' to 22'“' Dec, 2006 Capacity Building Training Programme for NGOs organized by RMK at NIPCCD, Guwahati

•5. Lucknow 8“' to 13th Jan, 2007 Capacity Building Training Programme for NGOs organized by RMK at NIPCCD, Lucknow

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B u s in e s s D e v e l o p m e n t W o r k s h o p s

S. No Name of the State Date Organized by

6 Khammam, AP 8th April, 2006 RASS-Nodal Agency of RMK7 Vijaywada, AP 10th April, 2006 RASS- Nodal Agency of RMK8 Hazaribagh, Jharkhand 2nd May, 2006 Jan Jagaran Kendra-Nodal Agency of RMK9 Manipur 29"’ & 30"’ May, 2006 All Backward Classes & Economic

Development Organisation- Nodal Agency of RMK

10 Vishakhapatnam 12"' June, 2006 RASS, Nodal Agency of RMK11 Itanagar, Arunachal Prades i 4"’ & 5"’ Aug, 2006 Arunachal Pradesh State Commission

for Women12 Tamilnadu

• Namakkal » Sengam• Thanjavur• Trichy• Pondicherry

04th Sep, 2006 06"’ Sep, 2006

. 12th Sep, 2006 13"' Sep, 2006 17"’ Oct, 2006

OAZOANE, Tamilnadu- Nodal Agency of RMK

13 Courtalam, Tamilnadu 15"' & 16"’ Sep, 2006 Arasan Rural Development Society, Tamilnadu-Nodal Agency of RMK

14 Sangrur, Punjab 29"’ Sep, 2006 Exhibition cum Seminar organized by Bisnouli Sarvodaya Gramodyog Sewa Sansthan, Punjab- Nodal Agency of RMK

15 Nagarcoil, Tamilnadu 4th & 5th Oct, 2006,

Society for Social Development, Tamilnadu - Nodal Agency of RMK

16 Lehragagga, Punjab 07"' to 12“’ Dec, 2006 Bisnouli Sarvodaya Gramodyog Sewa Sansthan, Punjab-Nodal Agency of RMK

17 A & N Islands• Port Blair• Ferrar Gunj• Havelock Island

12"’ & 13"’ Dec, 0615 Dec, 2006 -16 Dec, 2006

Unnati, A & N Islands-Nodal Agency of RMK

18 Bhopal 10"’ Jan, 2007 Madhya Pradesh Mahila Vitta Evam Vikas Nigam, MP- Nodal Agency of RMK

: 19 New Delhi 9"> & 10'" Feb, 2007 INDCARE, New Delhi-Nodal Agency of RMK

20 Hazaribagh, Jharkhand 17th &18"’ March, 2007 Nav Bharat Jagriti Kendra, Jharkhand

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

A ndhra Pradesh

1. Mrs Paravathareddy Dhanalakshmi, wife of Shri P. Krishna is an agricultural labourer. She took a piece of land on lease with a view to grow / raise nurseries for chillies, tobacco and paddy. The family being very poor could not get good price for the products. The nursery required adequate and regular supply water. Mrs. Dhanalakshmi joined a SHG and approached for financial assistance from GRAMASIRI, a grass root NGO. Micro credit assistance was given by RMK to Mrs. Dhanalakshmi through the NGO. After receiving the micro credit assistance Mrs. Dhanalakshmi went for a portable oil engine. This was a boon for the family as their sale increased resulting in increase in income. With the increased income the family went for another piece of land on lease. Now they have enough land where they raise larger nurseries. The micro-credit support has helped Mrs. Dhanalakshmi to live a life of dignity, respect and self-reliance. Mrs. Dhanalakshmi is of the view that Rashtriya Mahila Kosh is implementing a very good poverty alleviation programme and strongly recommends its expansion so that other needy poor women are also benefited.

2. Mrs. Sunkara Lakshmi, wife of Shri Seshaia belonged to a very poor family. She - wanted to do some business of her own with a view to live life with dignity in thesociety. For this purpose she needed money. The workers of GRAMASIRI apprised her of micro - credit assistance being provided by RMK. Mrs. Sunkara Lakshmi joined a SHG formed by GRAMASIRI - NGO- She got financial assistance from RMK through GRAMASIRI and started a small tea stall and earned profit ranging from Rs.200/- to Rs.300/- per day by selling idli, dosa, tea, coffee, etc. Now she lives with dignity in the society. She could get her daughter decently married. She has put her son in a good school. The micro-credit support has helped Mrs. Sunkara Lakshmi to live a life of dignity, respect and self-reliance. She is all praise for RMK and good work being done by the local NGO - GRAMASIRI in making women economically empowered.

Bihar3. Kiran Bachat Samiti (SHG) is a group of 20 women in a village named Sindpur of

Barhi Panchayat Samiti in Hazaribagh District. The local NGO, viz. Jan Jagran Kendra, is assisting its members of Kiran Bachat Samiti by extending them micro credit from RMK. 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. Her income increased and she achieved a higher economic status in her society. Now she has a greater say in the decision-making affairs of the family. The micro-credit support has helped Mrs. Geeta Devi to live a life of dignity, respect

3 5

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and self-reliance. Mrs. Geeta Devi is of the view that for her success, the credit goes to RMK and the local NGO, Jan jagran Kendra, without their help this 'was not possible.

4. Mrs. Petchiammal, is a member of SHG. Before getting micro-credit assistance from RMK through Aid India, a grass root NGO, her economic condition was very bad. However, she knew the art of basket making. For making basket, raw material, was an essential input. For the purchase of raw material, she needed finance. Through Aid India, NGO she approached RMK for micro-credit assistance. After getting necessary credit, she purchased raw material and started her small business from her residence. Slowly and steadily demand for her products increased. She repaid the loan and also expanded her business. This expansion brought about a rapid change in her status in the community and respect from other group members. From the business, she has a regular income and as such she has decided to send her children to school and give them good education and health care. Encouraged

1 by her success, she intends to go for a cow and sell milk also. Indeed, the micro- / credit support has helped her to live a life of dignity, respect and self-reliance. Mrs.

Petchiammal is all praise for RMK, which helped her to raise her standard of living.

D elhi

5. Integrated National Development Centre for Advancem ents, Reforms and Education (INDCARE) a Delhi based NGO is working with urban slums and poor rural women in different parts of the city with a view to improving their living conditions and quality of life. INDCARE promotes such SHGs, Cooperatives, Mahila Chetna Manches, which are instrumental in addressing the immediate social and economic basic needs of the poor women. 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 Scheme 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 improve their technical and social competencies and work skills. The project is working very successfully. It includes - i) successful coordination / partnership between Government and Non-Government Organisation, ii) generation of gainful regular employment, iii) capacity enhancement through training and exposure, iv) reduction in drop out rates of children from schools, v) raising 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.

6. Mrs. Swati is a member of the Roshan Self Flelp Group of Mukund Pur, Delhi. Mrs. Swati is married and her husband is physically challenged. Although her husband was physically challenged even then he was working as auto rickshaw driver and earning for the joint family. But later on they had to leave the family and live separately. This aggravated their problem. The life became very difficult. Chetnalaya, a grass root NGO, working in the area gave her the idea of SHG and the benefits available for becoming economically independent. She joined the group

3 7

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3 8

and got micro credit assistance from RMK through the NGO. With the micro credit assistance, she purchased a sewing machine. She started stitching clothes of the neighbourhood people and earned a good income. Now she is leading a good life with dignity. Before joining the SHG, her income was almost nothing but now the same is around Rs.1500/- per month. She has now built a house for her and purchased many home appliances. She expects her income to increase further in the near future. She is all praise for RMK and Chetnalaya, NGO for making her life comfortable and happy.

M adhya Pradesh

7. Smt. Basanta Manohar is a member of Love Kush Mahila Self Help Group of village Betma. She belonged 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 enabled her to live a life of dignity in the society. She could arrange for her daughter's marriage and also give education to her children, which was not possible before becoming the member of the SHG. 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 had been no financial assistance from RMK.

8. Mrs. Mamata Subhas of village Sunala is a divorcee. She lost her mother in her early age. Before becoming the member of the Jai Yogeshwar Self Help Group, she was leading a very miserable life. She was working as agricultural labourer. 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 is earning a monthly income of around 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 RMK for extending her micro credit help and helping her to come out of the state of poverty and helplessness.

Orissa9. Mrs. Jyoti Nag, wife of Mr. Kalakar Nag of Ghunguti Pada under the Sambalpur

Municipality Area of Orissa became one of the members of SHG after she came into contact with BISWA, a grass root NGO. Before joining the SHG, Mrs. Jyoti and her family was living in an absolute sate of poverty and their economic condition was miserable. Mrs. Jyoti took loan from RMK through BISWA and invested the amount in wooden - bed making. This gave her good return. After repaying the initial loan, she further applied for another loan. With the help of the loan, she started making furniture, which resulted in still higher earnigns. Her financial condition improved steadily and this has resulted in rise of her standard of living

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and respect in die family. Mrs. Jyoti Nag has achieved a higher economic status in her village. She has a greater say in the decision-making affairs of the family. The .micro-credit support has helped Mrs. Nag to live a life of dignity, respect and self- reliance. She is highly grateful to BISWA and RMK for such assistance and guidance.

10. Smt. Ahalya Jena a poor woman from Durgapalli Kaniguri, Sambalpur Municipality, Sambalpur district became a member of the SHG formed by BISWA, a grass root NGO. Before joining the SHG, her financial condition was very bad. It was very difficult for her to feed the family consisting of 7 members, as the monthly income of the family was too little. She approached RMK through the NGO for micro credit assistance. The micro credit support, which she got from RMK through the NGO, enabled her to start a small business of vegetables. This gave her an opportunity to earn more money. Her financial condition improved steadily which resulted in improvement in her standard of living and respect in the family. Smt Ahalya Jena has achieved a higher economic status in her family as well as in the society. She has also earned greater say in the decision-making affairs of the family. Smt Ahalya has not only started sending her children to school but she has herself started reading and writing to some extent so that she runs, her small business efficiently. She is highly thankful to RMK and BISWA which have been instrumental in transforming her life.

Rajasthan11. This is regarding economic development of village Nagala Harchand in Block Kama

of Bharatpur district. The villagers in the village are generally agricultural labourers and belonged to very poor and backward families. LUPIN Human Welfare and Research Foundation, a grass root NGO working in the area selected the village for its economic development. 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 NGO for various trades. Women preferred Tulsi Mala making and Animal husbandry. A request for micro credit assistance was made to RMK through the local NGO. Loan from RMK was 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 also increased. The economic condition of the village improved to a great extent and so did their social status. The women of the village joined the mainstream of development. It helped in raising the educational standard of the villagers. The evil practices of the village also reduced substantially and the village moved forward towards economic development. The micro credit assistance given by RMK to the SHG members through the NGO - Lupin Human Welfare & Research Foundation made all the economic and social development of the village possible.

12. Mrs. Meena Dhakar of village Nagala Sirsia, of District Bharatpur belonged to a very poor family. However, she had entrepreneurial ambitions from the early childhood. After her marriage, she motivated her husband to take up a business of chain making for which there was a good demand in the village and in the adjoining villages. However, the main problem was that of micro credit. Mrs. Meena Dhakar came to know that such help is available if she joins some SHG in the village.

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Therefore, Mrs. Meena Dhakar joined the SHG formed by the NGO. Through the NGO, she approached RMK for micro credit assistance. With the help of microcredit assistance given by RMK, she could expand her business and also diversified it. The economic condition of the family underwent a sea change. A family, which faced starvation in the beginning, is now living a normal life. Her children are going to a good school and she has all the modern amenities in her home. Her status in the society has gone up and she is living a life with dignity. Taking inspiration from Mrs. Meena, 18 women of the village started the work of chain making. This would have not been possible had there been no financial assistance from RMK. Therefore, she is all praise for RMK and the local NGO.

Tamil N adu

13. Mrs. Vani became a member of Pandiammal Women SHG, Selvanatha Colony at Veereswaram Srirangam. The SHG is affiliated to League for Foundation and Development (LEAD) a grass root NGO. She not only became the member of the SHG but also motivated other women from the village to join the SHG as members. After taking a loan from RMK through the NGO - LEAD, Mrs. Vani started a small business of preparing snack-food from her own house. After gaining some confidence, she expanded her business. Her husband also joined her later on. Her efforts made her business to flourish, which resulted in rise in her family income and consquent improvement in social status. The family, which was living on daily wages, is now earning Rs.200/- per day as profit from the business. Her living condition improved and she realized her dream of running her own enterprise. She is thankful to RMK for extending micro-credit to her group through the NGO.

14. 2 SHGs consisting of 26 members, mostly Dalits and Backwards of village Thavalaiveeranpatti village, Manaparai block of Trichirapalli District started a dairying unit after taking micro-credit from Rashtriya Mahila Kosh (RMK) through LEAD, a grass root NGO. Initially the unit was started with a loan of Rs.76,000/- but subsequently another loan of Rs.2.99 lakh per group helped the unit to develop and expand. The production of the unit was raised to 200 litres of milk per day. With the increase in output, the unit has been able to improve the livelihood of all the group members. The unit has provided additional employment to 3 women workers for managing the unit, collecting milk from the members and for maintaining the accounts of the unit. The profitability of the unit is more than 25 %. Keeping in view of the fast growth of the unit, the women have started growing fodder grass and trees in their farms. It is said that the progress made by these women is much more than that of men in any case. This growth has encouraged the women to start a cattle feed mixing unit and artificial insemination center. The members of the group are selling their milk through the Dairy Cooperative but they are planning to go to the market directly with a view to get better price for milk and earn higher profit.

Uttar Pradesh15. Mrs. Krishna Devi from Lalla Ka Purva, Block Sohawal, District Faizabad, UP is

4 3

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from a very poor family. Her family consists of 4 members but their house is situated at some distance from the main village and as such initially she was not aware of any SHG. However, once she came to know about the SHG and the benefits of micro-credit assistance, she joined the group. She approached for microcredit assistance from RMK which was sanctioned to her. With the credit amount, she purchased a sewing machine. Her husband being a tailor assisted her. Slowly she expanded her activities and went for another set of improved sewing machines. This helped her to raise her monthly income. Again she took loan from RMK through PANI, a grass root NGO working in that area. She diversified her business from a tailor shop to electronic goods shop. This diversification gave her courage to set up a big shop and business. She is now running a shop and selling electronic goods. Her monthly income increased. Her standard of living has also gone up. She sends her children to a good school and living a life of self-respect Her husband gives her full support and treats her as equal partner in life. This gives her much satisfaction. She is all praise for RMK for extending micro credit assistance and making her life full of happiness.

16. Mrs. Kabootara Devi, wife of Mr. Ram Kishore was a labourer from Kareru village Panchayat of Sohawal Block. She joined a SHG formed by PANI, a grass root NGO working in that area. With the help of micro-credit from RMK through the NGO, she started a small shop in the village, which helped her to raise her income. Not satisfied with the shop, she expanded her activities by selling stationery items. Her sales picked up and the income also rose simultaneously. With the increased income, she was able to construct a house and send her children to a good school. She also started saving some money for her future needs in a Bank. The help extended to her by RMK helped her husband not to migrate from one place to another and live a settled life. The family members got themselves insured. She has opened two RD Accounts of Rs.200/- per month for her children. She is all praise for RMK for making her economically self-sufficient and raising her social status in the society.

West Bengal17. Ms. Sadhna Chakravarty belongs to a very poor family of Maslandapur, West Bengal.

Her economic condition was not good and as such it was very difficult for her to support a family of 5. Her husband was dealing in flower business but the income was not enough to meet their requirements. Although, there was scope for expansion of the business but the main problem was that of finance. She tried all local sources but could not arrange finance for her business. Through Bandhan NGO, she came to know about the micro-credit facility from RMK. She joined a SHG and became its member. Micro credit assistance received from RMK through the NGO, helped her to expand her business. It resulted in increase in her monthly income. The financial help provided by the NGO with credit support from RMK helped her to earn an additional income of Rs.1000/- per month. As a result of this, the socio economic status of Ms. Sadhna rose and she became self-reliant. This economic change has helped her to install a sanitation system in her house and to give proper education and medical care to her children.

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I 18. Mrs. Yosoda Ghosh of Nagarrukha, West Bengal has a family of 6 members. The income of her husband was around Rs.10,000 per annum from selling of milk. This income was hardly sufficient for the family to lead a good life. In the absence of adequate capital, it was difficult for the family to expand their milk business. Mrs. Yosoda joined a SHG formed by Bandhan NGO. Micro credit assistance received from RMK through the NGO helped her to purchase a cow and expand her business. Her monthly income increased substantially. The help provided by the NGO with financial support from RMK had helped the SHG member to earn and save an additional Rs.300/- per month. As a result of this, the socio economic status of Mrs. Yosoda went up and she became self-reliant. This economic change has helped her to give proper education and medical care to her children. The other women members of the village have been encouraged by her success and formed another SHG.

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The year 2006-2007 was The 14"’ year of operation of Rashtriya ivlahha Kosh. Some oi the financial highlights of the Audit Report are given below:

1. The interest income oi Rs. 310.15 lakhs from our loaning operation during 2006- 2007 was higher as compared to Rs. 229.82 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 2006*2007 was Rs, 526.50 lakhs as compared to Rs. 436.03 lakhs in the year 2005 -2006. This is inclusive of Rs. 0.58 lakhs received as membership fees from Non Governmental Organizations.

3. There has been an increase in the income over expenditure of Rs. 57.20 lakhs over the previous year. This is mainly due to increase in interest received from NGO on account of loan. This year total interest received from investment was Rs 205.62lakhs as compared to Rs.194.58 lakhs in the previous year. Administrative expenditure was Rs. 103.95 lakhs for 2006-07 as compared to Rs.81.22 lakhs during the year 2005-06. '

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) (tv) 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 madefor income tax payment for the year 2006-2007.

UTILIZATIO N O F PR O V ISIO N S M AD E D URIN G TH E YEA R 2006-2007

The General Body, on the recommendations of the Governing Board had approved the following appropriations out of surplus income during 2005-2006:-

(Rs. in lakhs)

1 1. Risk Fund 100.00T 3 t , 2. Corpus Fund /Revolving Fund -

I 3. Death Relief and Rehabilitation Fund -I W l

14. Information, Education and Communication Fund 204.30

I 5, Promotion and Development Fund *

f The utilization of respective funds is as follows:

d W t i-> 1. Risk fund No utilization dwring the year«fiy 2. information, Education and

Comm un ic a t ion F un dExpenditure made during the year 2006-2007:Ks. 00,72,4 16.00

3. Death Relief and Rehabilitation Fund No utilization dwring the year%

49

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s TOt 23052.00

50

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

AUDITIn terms of Rule 22(iv) of the rules and regulations of RMK, the auditors of the Kosh are nominated by the Govt, of India on the recommendations of the Comptroller and Auditors- General of India. M /s Hem Sandeep & Co. were appointed Auditors by the Govt, of India for auditing the accounts of the Kosh for the year ending 31.3,2007. The audit was completed in the month of August 2007. A copy of the audited Balance Sheet, Income and Expenditure Account and Audit Certificate is given below.

The A uditor has made the following observations in his report: ■*1. Provision for Bad and Doubtful Loans: Loans to the tune of Rs.13,20,71,568.20 out

of total loans of Rs.55,53,90,801.21 are under the defaulter category and the boqks of account do not show it separately. Out of this a sum of Rs. 5,05,73,375.79 is overdue for more than three years, a sum of Rs. 1,35,40,567,12 is overdue for more than two years but less than three years, a sum of Rs. 1,70,55,091.50 is overdue for more than one year but less than two years and similarly, a sum of Rs. 5,09,02,533.79 is overdue for less than one year.

RMK has no method of evaluating these loans as standard, sub-standard, doubtful and loss. RMK is treating all loans as standard, hence, it 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.

2. Current Assets Loans & Advances (Sch .'5 '); Bank Balances (SBI/Canara Bank):

It includes Rs.23052/- in respect of stale cheques issued by the Kosh resulting in understatement of Bank Balance and creditors by Rs.23052 as detailed below :

Cheque No. Bank Date of Issue Amount

576174 SBI 10.12.2004 4745.00654624 SBI 26.12.2005 5507.00130716 Canara 26.10.2006

Total:

12800.00

23052.00

It includes Rs.1950/- in respect of Cheque deposited by the Kosh and not credited by Bank resulting in overstatement of Bank Balance and Debtors by Rs.1950/- as detailedbelow:

Cheque No. Bank Date of Issue Amount

099087 SBI 20.12.2000 1950.00

Total 1950.00

51

^1%09908 |ch Ojf* #OT

'41 ■']

20.12.2000 1950.00

1950.00

'3;cR ^ m w w. m m

Having effect on the assets and liabilities and Inccme/Expendi ture c f the Posh as a^or.'^aid the financial statements read with Significant Accouniing Policies and o th e r nod ŝ. o o-f the information required by Law in the manner so required end ejye ,i true - y^v, in conformity with the accounting principles genre-by ao e r % did-a

i) In the case of The Balance Sheet, of the state of affairs of R.ashtriva Mafuia KosL as at 31" March 2007,

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

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

5 3

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54

AUDITORS" REPORT

The Members Rashtriya Mahila Kosh New Delhi-110 001

We have audited the attached Balance Sheet of RASHTRIYA MAHILA KOSH as on 31s' March, 2007 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, 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 statements presentation. We believe that our audit provides-a reasonable basis for our opinion.

In our opinion and to the best of our information and according to the explanations given to us and subject to:-

1. Provis;. for Bad and Doubtful Loans: Loans to the tune of Rs. 13,20,71,568.20 out of total loans of Rs.55,53,90,801.21 are under the defaulter category and the books of account do not show it separately. Out of this, a sum of Rs. 5,05,73,375.79 is overdue for more than three years, a sum of Rs. 1,35,40,567.12 is overdue for more than two years but less than three years, a sum of Rs,1,70,55,091.50 is overdue for more than one year but less than two years. Similarly, a sum of Rs. 5,09,02,533.79 is overdue for less than one year.

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.

: , 2. Current Assets Loans & Advances (Sch/5'); Bank Balances (SBI/Canara Bank):

It includes Rs.23052/- in respect of stale cheques issued by the Kosh resulting in understatement of Bank Balance and creditors by Rs.23052 as detailed below:-

m m ss.

M 7f.

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56

Cheque No. Bank Date of Issue Amount

576174 SBI 10.12.2004 4745.00

654624 SBI 26.12.2005 5507.00

130716 Canara 26.10.2006 12800.00

Total 23052.00

It includes Rs. 1950/- in respect of cheques deposited by the Kosh and not credited by Bank resulting in overstatement of Bank Balance and Debtors by Rs.1950 as detailed below:

Cheque No. Bank Date of Issue Amount

099087 SBI 20.12.2000 1950.00

Total 1950.00

Having effect on the assets and liabilities and Income/Expenditure of the Kosh as aforesaid, the financial statements read with Significant Accounting Policies and other notes, give the information required by Law in the manner so required and give a true and fair view in conformity with the accounting principles generally accepted in India:

i) In the case of The Balance Sheet, of the state of affairs of Rashtriya Mahila Kosh as at 31s' March 2007,

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

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

FOR HEM Sandeep & Co.CHARTERED ACCOUNTANTS

PLACE: NEW DELHI (Sandeep Jain)DATED: 20-08-2007 PARTNER

MEMBERSHIP NO. 087977

i , i t e , w # ^ o o i

RASHTRIYA MAHILA KOSH1, ABUL FAZAL RO A D , BEN G ALI M ARKET, N EW DELH I-110 001

31 HR? 2007 fMpf ^ SEfflR g?R-TT BALANCE SHEET AS AT 31.3.2007

i i^ /^ fE ra r ftftr am:

CORPUS/CAPITAL FUND AND LIABILITIES:

3 I ^ t

Schedule

3U3.2CGC (^.)

31.3.,2007 (Rs.)

31.3.2006 fe.)

31.3.2006 (Rs.)

CORPUS FUND 6o i "Li4405.80 541514405.80

3TRfeT TcfRESERVES AND SURPLUS 1 276489460.69 246397601.48

RFT^RTPt TFi IF U T lCURRENT LIABILITIES AND PROVISIONS 2 4799465.41 4016447.00

# 1TOTAL 922803331.90 791928454.28

ASSETS:

3TTW qR'Ĥ MPrtillFIXED ASSETS 3 714536.77 747687.38

FIXED ASSETS3 714536.77 /4/00/.OO

■ m !

- 3R IINVESTMENT - OTHERS

TfhFTfrP# W J, 3#P7 BTlfTCURRENT ASSETS, LOANS, ADVANCES ETC.

#nrTOTAL

RTCnprf # # #

SIGNIFICANT ACCOUNTING POLICIES & NOTES ON ACCOUTS

4

5

6

305024452.00

617064343.13

922803331.90

295000000.00

496180766.90

791928454.28

SCHEDULES 1-8 & ACCOUNTING POLICIES FORM AN INTEGRAL PART OF BALANCE SHEET & INCOME & EXPENDITURE ACCOUNT AS PER OUR REPORT OF EVEN DATE.

OlF I R : T? ftwft R hLL : 2 0 /0 8 /2 0 0 7PLACE: NEW DELHI DATED: 2 0 /0 8 /2007

f # 7 # # f R R R W f t T R #

FOR HEM SANDEEP & CO CHARTERED ACCOUNTANTS

(§71# # TF#)

( ON BEHALF OF GOVERNING BOARD)

(# f R «N)

(SANDEEP JAIN) PARTNER

Membership No. 087977

TiUhiUR fT^§FT

(EXECUTIVE DIRECTOR)(§TT# LETFr)

(AUTHORISED MEMBER OF GOVERNING BOARD)

31.3.2007 ^ '^FT-^r H R H I# ^ E J^ R TSCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2007

j - a m fa r q r t e t e : 31.3.2007 (tt) 31.3.2006 (TO)SCHEDULE 1 - RESERVES AND SURPLUS: 31.3.2007 (Rs.) 31.3.2006 (Rs.)

i . t e rDeath Relief & Rehabilitation Fundt e l t e ^ 3EprcAs per last AccountTT ^ t e r (2006-2007)

565099.71 974116.28

Transfer during the year (2006-2007) 13184.30 25059.43W l : m 35 TRET d o teLess: Deduction during the year 0 578284.00 434076.00 5 6 5 0 9 9 ./1

2. te s F f t e fRISK FUNDf t e r t e $ ttjrrAs per last Account 119672592.00 109(272592.00t e t e % 2 0 0 4 - 2 0 0 5 £ se^trTransfer during the year from surplus 2005-2006 10000000.00 129672592.00 10000000.00 119672592.00

3 . T t te r tTcf t e m t e dPROMOTION & DEVELOPMENT FUNDfats?) trEt ^ TpgRRAs per last Accountt e : TRT 3TT TRT TTte ^ n i t e l

27194142.00 27154400.00

Add: Amount returned by NGO - 39742.00

■ i|j||;

■ H E p■ I

ON

vJjjO • S"* '~‘%t VJ|‘

31.3.2007 ^ 3FJBR ^FT-^T 3T *!FT ^ TT#SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2007

2 - gTdETFT : 31.3.2007 (^.) 31.3.2006 (^.)SCHEDULE 2 - CURRENT LIABILITIES & PROVISION : 31.3.2007 (Rs.) 31.3.2006 (Rs.)

1.1. Sundry Creditors:

3T) 3F?T ci

T § ) (HRT°Tg) Grant-in-Aid (Rural Sanitation) 1809625.00

1809625.00

tf&st ■V'l

jJSHI*—■ ■ ■ ■

Q\Co

or) w n w r*t, $mfr ^ ■' h) Loan Commiittce/G.B. 0.00 5349.00

51) TT? T SRi) Conveyance Expenses

^rk (ar)120548.00 4029572.17 126273.00 3631476.00

TOTAL(A)

w) 5 P M B. PROVISIONS

4029572.17 4764633)41 3631476.00 3981652.00

35)a) Audit Fee 34832.00 34759.00

% i fa)TOTAL(B) 34832.00 34759.00

(ar +GRANT TOTAL(A+B) 4799465.41 4016447.00

( W # % ^¥R§)( ON BEHALF OF GOVERNING BOARD)

I(EXECUTIVE DIRECTOR)

($ n # ^ yrfefRr(AUTHORISED MEMBER

OF GOVERNING BOARD)

1,183,394.56 26,454.00 1,209,848.56 733,681.08 47,616.74781,297.821 428,550.741 449,713.48

-*—--------—---------

5,893,167.06 94,473.00 5,987,640.06 5,145,479.68 127,623.61 5,273,103.29 714,536.77 747,687.38

5,787,474.06 105,693.00 0.00 5,893,167.06 5,011,248.17 1,34,231.51 0.00 5,145,479.68 747,607.38

( ON BEHALF OF GOVERNING BOARD)

(EXECUTIVE DIRECTOR)(h i#

(AUTHORISED MEMBER OF GOVERNING BOARD)

31.3.2007 ^ TT 'RFI ^T#SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2007

4 “ M ?H 3F TSCHEDULE 4 - INVESTMENTS - OTHERS

SL.NO.Wn 4T 'TER

. NAME OF BANK

1Indian Overseas Bank

1/L.UCO Bank

3 ^45 SIFEUnion Bank of India

4Oriental Bank of Commerce

5 'Sffq-TBank of Baroda

6 f n 3treBank of India

7 3TPEBank of India

8 F fe t n 31UEState Bank of India

31.3.2007 (FI.) 31.3.2006 (*\.)31.3.2007 (Rs.) 31.3.2006 (Rs.)

1,70,00,000.00

5,50,00,000.00

1,70,00,000.00

1.60.00. 000.00 13,60,00,000.00

1.50.00. 000.00

5.00. 00.000.00

1,50,244,52.00

10,00,00,000.00

S t a t e b a n k o r i n a i a

I f f*n-": ■»•i.' . -

CT\NJ

tut

TOTAL

7,00,00,000.00State Bank of Bikaner & Jaipur

Oci 4 * dlTT 4 l* l4 ? 3RTJ?State Bank of Bikaner & Jaipur

f *Syndicate Bank

Syndicate Bank

f ^ ^ z : 4%Syndicate Bank

Bank of India

1.40.00. 000.00

3.00. 00.000.00

15,00,000.00

1.50.00. 000.00

2.00. 00.000.00

1,50,00,000.00

30,50,24,452.00 29,50,00,000.00

(?TT# T Ji % WR#)( ON BEHALF OF GOVERNING BOARD)

(EXECUTIVE DIRECTOR)(?IT# 4) W & f)

(AUTHORISED MEMBER OF GOVERNING BOARD)

*'• W i ~ ..... ......

31.3.2007 cfc TT HFT ^ TT#SCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2007

-r> - M 31.3.2007 (^.) 31.3.2006 fa.)SCHEDULE 5 - CURRENT ASSETS, LOANS 31.3.2007 (Rs.) 31.3.2006 (Rs.)& ADVANCES

3L W RfRwffrRfT

A. CURRENT ASSETS:

1. faTci

1. Sundry Debtors

3?) w. A arfd^ Tt 3F#T ^ WSB1AT sprr

a) Debts Outstanding for a period 5510.00 5510.00exceeding six months

2. FRETd TUfl

2. Cash Balance in Hand 5373.50 5566.00

3. $ 9UT

3. BALANCES WITH BANK

3T) “HTTcfUT % (sRRT HTciT)

a) State Bank of India (Saving Account) 34317843.43 5534770.27

3) ^RT t f c ( W SRfT)

b) Canara Bank (Saving Account) 137^)41,613) *TR?f)4

c) State Bank of India (FCRA) 1301.70

#*T (3T)

TOTAL (A) 35703970.24

1257.70 9030628.81

9036138.81

^ £ 3 1 # )( ON BEHALF OF GOVERNING BOARD)

3 # 3 M 3 I f#3T3i (EXECUTIVE DIRECTOR)

( ? n # % srsfti^r(AUTHORISED MEMBER

OF GOVERNING BOARD)

W BSo ■ ■ ■

31.3.2007 3FpiR W *IFT TTeftSCHEDULES FORMING PART OF BALANCE SHEET AS AT 31.3.2007

TRT, 3TFJA rim 3P?T ^ F q frR T LOANS, ADVANCES & OTHER ASSETS

31.3.2007 (n.)31.3.2007 (Rs.)

31.3.2006 (T.)31.3.2006 (Rs.)

LOANS

a) Main Loan Scheme 319066384.48 237431216.98

r̂) arcEff # 5rtb) Revolving Fund Scheme 114284656.43 83006557.43

A) TRT IEELt qfaRTc) Loan Promotion Scheme 22060683.30 2.3102244.00

*0 ADHTd) Franchisee Scheme 26818250.00 43384750.00

jjp t h r ie) Housing Loan 15131275.00 1219088^:00

H) sftfes -3fxtf) Gold Credit Card Scheme 51420143.00 58530000.00 457645649.41

W) 37Ef 3Rf̂ Tg) Working Capital Term Loan 3363300.00

*0 fAbHHFf #JRTh) Refinance Scheme 3246109.00 555390801.21

h i2. arfipr aft? 3FS ?if$r ~ m

% 3 » w t i w^rr ^Frr t :2. Advances and other amounts recoverable in

cash or in kind or for value to be received:

STWTT

' 0 DAVPii)

ii) Staffiii)iii) Workshopiv) -pSTT ;SRTiv) Security Depositv) *pt m i # ^ m iV) NICSI

v i )

vi) Nodal Agenciesvii) 3T9TCRvh) Subscriptions

viii) ^ TT̂Tviii) IDS

ix) ?^K WMT?] X ) Super Bazarx) 'i^r-?rf¥cfX) Sub-Committee

9461.00 1231.00

124625.00 171253.00

282406.00 78284.00

1466243.00 402608.00

641206.40 641206.40

40785.00 40785.00

585545.00 585545.00

209000.00 209000.00

2874040.77 2758906.77

5250.00 5250.00

42624.00 42624.00

xi)

xi) Mohinder Singh

xii) tftfr100.00 100.00

xii) Training

xiii) 3TfJpT-3RT

110908.00 0.00

xiii) Advance - Oth _rs

3i) tttUHt t?jt % w i t w H f dit dBT TT «dM

311164.00 6703358.17 5160.00 4941953.17

a) Interest accrued & due on Loans to NGOs

T) Fcblf 9? w t o r W5T 3T»fI

(EXECUTIVE DIRECTOR)

~*d'*(AUTHORISED MEMBER

OF GOVERNING BOARD)

Interest earned (Savings Account)

■‘GHIdl ?(A6Membership Fee

fdf-Tr 31111Misc. Receipt

yikl 3F(tTH Grant Received

qfai (3f)TOTAL (A)

3F(^41 31.3.2007 (l5.) 31.3.2006 (Ti.)Schedule 31,3.2007 (Rs.) 31.3.2006 (Rs.)

19458689.6820562536.70

31015965.80 22982916.55

1008539.00

58000.00

5703.00

1102305.03

59000.00

150.00

52650744.50 43603061.26

■

am

EXPENDITURE

f«IPHT TOiEstablishment Expenses

Administrative Expenses etc.

TETO fTT)

6103743.94 5049670.16

■10395909.65 8122901.90

16499653.59 13172572.06

36151090.91 30430489.20

30430489.20 26155735.98

10000000.00 10000000.00

nfrtism ftfaRisk I und

10000000.00 10000000.00

i t

m m

20430489.20

36151090.91

16155735.78

30430489.20

TnfomuHion Fdui.ition & CommuniV«ition HinJ

aiftrefar ^ aroftcr ftpn wBALANCE BEING SURPLUS CARRIED TO BALANCE SHEET

SIGNIFICANT ACCOUNTING POLICIES & NOTES ON ACCOUNTS 6

SCHEDULES 1-8 & ACCOUNTING POLICIES FORM AN INTEGRAL PART OF BALANCE SHEET & INCOME & EXPENDITURE ACCOUNT AS PER OUR REPORT OF EVEN DATE. i J .

F I R : M ftrvftftHUB : 20/08/2007PLACE: NEW DELHI DATED: 20 /08 /2007

LFftt #gpbl<FOR HEM SANDEEP & CO

CHARTERED ACCOUNTANTS

($ T R ft % e f l # )

( ON BEHALF OF GOVERNING BOARD)

RUftTI (EXECUTIVE DIRECTOR)(SANDEEP JAIN)

PARTNERMembership No. 087977

(STRft ^ TlftlfH THHJ)

(AUTHORISED MEMBER OF GOVERNING BOARD)

31 .3 .2007 RT4 TI# ^4 # 3 m Ipl Tzpqf cfr # # ^T T̂THT ^ ^fl# ^gf^ R T iSCHEDULES FORMING PART OF INCOME &

EXPENDITURE FOR THE YEAR ENDED 31.3.2007

7 - W !W : 31.3.2007 (^.) 31.3.2006 fa.)SCHEDULE 7 - ESTABLISHMENT EXPENSES : 31.3.2007 (Rs.) 31.3.2006 (Rs.)

T>) W2R TEif̂ f)

a) Salaries and Wages 5850129.94 4741732.71

it) tLrt

b) Bonus 32071.00.. 32071.00

T) ^ rUeTtTI TivTFI RT TfNfef a n

c) Staff Welfare & Medical Expenses 221543.00 275866.45

tYt

TOTAL 6103743.94 5049670.16

(?TRft £ TTf4)( ON BEHALF OF GOVERNING BOARD)

(EXECUTIVE DIRECTOR)(7TT# £ TTftff T LEEPl)(AUTHORISED MEMBER

OF GOVERNING BOARD)

e)

*0

f)

^ ' ' H)

s)

Travelling Expenses

Telephone/Mobile Expenses

W M SPTTC

Repairs & Maintenance Charges

1799279.00 1505184.37

462019.23 271139.00

167770.60 242747.02

r̂) gr^-otpr

h) Postage Expenses

sr) f a t e

i) Misc. Expenditure

*1) *tot

j) Loan Committee/G.B/General Body Meeting

t) czpf‘ ‘ j- .

k) Professional Charges

5) ^H rCfcfT

l) Audit Fee

s) Aifbtf m; czpfm) Vehicles Running Expenses

«) a

n) Books and Periodicals

5f) a HPT

o) Monitoring & Evaluation Charges

d) t^ATRR

p) Bank Charges

er) f%f£r R tf

q) Legal Expenses

5) STRT

r) Insurance Charges

133301.00 185342.00

222700.50 319756.00

429658.00 447613.00

507455.00 510118.00

34832.00 34795.00

148817.00 80525.00

12412.00 20207.00

575000.00 430000.00

18151.71 ............ - 8229.00

306344.00..... 168072.00

2659.00 4463.00

sr) g r w cnf shir

s) Security and Service Charges 364758.00 240041.00-f)

t) Depreciation 127623.61 134231.51T) tejft-'T Fft cZRf

u) Electricity Water Expenses 239164.00 196102.00

31.3.2007 ^ ^ f̂ TT STlÎ r #01RECEIPT AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31.3.2007

TOFcRIRECEIPTS Schedule

31.3.2007 (^ .)31.3.2007 (Rs.)

31.3.2006 (IS.)31.3.2006 (Rs.)

Balance with Bank

I re M t I t

In Saving Bank Account

H'ER

Cash 5566.00

«TR#q- ^ #37

State Bank of India

# ati # e

5534770.27

Canara Bank 3489034.84

#T> 1" ATAfa WAT

Term Deposits with Bank

yiki =mw

295000000.00 304029371.11 372512261.82

Interest received 9 57891037.80 41113843.67404

Loan .at • 10 24717917.70 407353.00

mmmmmmrnmmMmmmm sswsas

w f c r ppr f ^ r c r RrRrPromotion & Development Fu.i

Miscellaneous

3RW

Fixed Asset

viRinf

Suspense Account

Membership Fees

iMwRpr spfNr

Revolving Corpus

illJlTOTAL

0.00 39742.00

5703.00 150.00

0.00 0.00

58000.00 59000.00

100000000.00 0.00

486702029.61 414132350.49

PAYMENTS Schedule31.3.2007 (*v)31.3.2007 (Rs.)

31.3.2006 (s .)31.3.2006 (Rs.)

Loan 11 122463069.50 93472177.0