Maharashtra Rural Credit Project - IFAD
Maharashtra Rural Credit Project
India
Credit and Financial Services
06 April 1993
1993 - 2002
1100000325
In an area comprising eight districts in Maharashtra state, this project aimed to reduce rural poverty and promote rural development by improving financial services, including savings, among rural poor people. The project improved the services of formal financial institutions and built reception capacity.
About 9,000 self-help groups and 1,500 village development councils were formed. They demonstrated financial discipline and showed an excellent repayment rate. Through the project's activities, women were empowered to improve their status both inside and outside the household.
Source: IFAD
Additional Data
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Total Project Cost
US$ 48.35 million
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IFAD Financing
US$ 29.2 million
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Financing terms
Highly Concessional
Co-financiers (International)
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United Nations Development Program
US$ 2 million
Co-financiers (Domestic)
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Domestic Financing Institutions
US$ 1.66 million
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National Government
US$ 14.98 million