World Video | Defence | Foreign Affairs | Natural Events | Trade | NZ in World News | NZ National News Video | NZ Regional News | Search

 

UN Loans $30 Million To Micro-Finance Scheme

UN Loans $30 Million To Micro-Finance Scheme For Poor Rural Indian Women

A new United Nations loan of over $30 million seeks to boost the social and economic power of rural women in India’s largest pocket of poverty.

Women from an estimated 108,000 poor rural households will be targeted by the UN International Fund for Agricultural Development (IFAD) loan, which aims to give women in the Mid-Gangetic Plains of northern India easier access to microfinance and business development services.

The loan agreement was signed yesterday in Rome by Shri Arif Shahid Khan, the Indian Ambassador to Italy, and IFAD President Lennart Båge.

The Women’s Empowerment and Livelihoods Programme, which is expected to mobilize more than 6,000 self-help groups thus producing increased productivity and incomes by creating market-based businesses, will cost around $52 million.

The Indo-Gangetic Plain is a large and fertile area covering most of northern and eastern India and is named after the Indus and Ganges twin river systems that drain it.

Women in the Mid-Gangetic Plains experience deeper deprivation than elsewhere in India because of strong patriarchy and rigid caste divisions. As well as increasing access to financial institutions, the programme will encourage women’s increased participation in local government.

ENDS

© Scoop Media

 
 
 
 
 
World Headlines

 

Werewolf: Gordon Campbell On North Korea, Neo-Nazism, And Milo

With a bit of luck the planet won’t be devastated by nuclear war in the next few days. US President Donald Trump will have begun to fixate on some other way to gratify his self-esteem – maybe by invading Venezuela or starting a war with Iran. More>>

Victory Declared: New Stabilisation Funding From NZ As Mosul Is Retaken

New Zealand has congratulated the Iraqi government on the successful liberation of Mosul from ISIS after a long and hard-fought campaign. More>>

Gordon Campbell: On The Current US Moves Against North Korea

If Martians visited early last week, they’d probably be scratching their heads as to why North Korea was being treated as a potential trigger for global conflict... More>>

ALSO:

Gordon Campbell: On The Lessons From Corbyn’s Campaign

Leaving partisan politics aside – and ignoring Jeremy Corbyn’s sensational election campaign for a moment – it has to be said that Britain is now really up shit creek... More>>

ALSO:

Another US Court: Fourth Circuit Rules Muslim Ban Discriminatory

ACLU: Step by step, point by point, the court laid out what has been clear from the start: The president promised to ban Muslims from the United States, and his executive orders are an attempt to do just that. More>>

ALSO: