Maharashtra Rural Credit Project

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Maharashtra Rural Credit Project

Maharashtra Rural Credit Project


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

Status: Closed
Approval Date
06 April 1993
1993 - 2002
Credit and Financial Services
Total Project Cost
US$ 48.35 million
IFAD Financing
US$ 29.2 million
Co-financiers (International)
United Nations Development Program US$ 2 million
Co-financiers (Domestic)
Domestic Financing Institutions US$ 1.66 million
National Government US$ 14.98 million
Financing terms
Highly Concessional
Project ID

President's reports

Project design reports

Supervision and implementation support documents

Environmental and social impact assessment

Final environmental and social management framework

Interim (mid-term) review report

Resettlement action framework

PCR digest

Special study

Project list

Audit and Financial Statements

Project completion report