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.
06 April 1993
1993 - 2002
Credit and Financial Services
Total Project Cost
US$ 48.35 million
US$ 29.2 million
United Nations Development Program US$ 2 million
Domestic Financing Institutions US$ 1.66 million
National Government US$ 14.98 million