During the past 7½ months, 32 more Women were assisted with 35 loans/grants worth ₹ 472,250, taking the cumulative total to 208 beneficiaries through 211 loans.
The difference in the number of Women assisted and loans/grants given out is because 3 earlier beneficiaries were given 2nd loans. A Woman whose crossbred cow got spoilt was given a 2nd loan. The 1st loan will be repaid when the insurance company settles her claim for permanent total disability. 2 other Women were given additional loans of ₹ 2,000 and ₹ 3,000 respectively to complete their houses.
Since this is a revolving fund, the intensity of activities has reduced with the passage of time, with 1517% of the total activities implemented in the present reporting period.
This second round of beneficiaries were not as poor as the first lot. They were given less subsidies when compared to the initial Women who benefited. 3 reborrowers were not given any grants at all.
In spite of this, 45.3% of the Women’s Fund capital has been eaten away as grants given to benefiting Women. This has been partially offset, to an extent of 10.4%, by bank interest earned and Sangha Funds ploughed back.