• +91 98450-28753/+91 99001-58753
  • vrdovikasa@gmail.com

About Us

 

What We Think About VIKASA

The major focus of the organization being the issues of Education For Children, Women Empowerment, Capacity Building to improve the socio-economic condition of Resource poor women and men living in both rural and urban areas for participatory watershed development, Skill Development and initiating various socio economic, vocational and health activities, training and Micro Insurance finance activities, for the welfare and development of rural and urban disadvantaged sectors covering 13 Districts of Karnataka.  The organization strongly believes in participatory as well as bottom up approaches.

 

YEAR OF ESTABLISHMENT

VIKASA is an non-governmaental organization (NGO) established in 1997 to address the socio-economic needs of rural India, mainly of the underprivileged sections. It is registered under the Karnataka Societies’ Registration Act. 1960 and with the Union Ministry of Home Affairs under the Foreign Exchange Regulations Act (FERA).

Apart from facilitating, promoting self-help groups (SHG) and intermediating on their behalf, Vikasa has been promoting the rights of women and children in 12 districts of Karnataka. The NABARD-inspired SHGs has led Vikasa to promote thousands of SHGs and link them with the erstwhile State Bank of Mysore (now SBI) in 2007 resulting in micro-lending to the tune of about Rs. 1,000 crore over the years.

NO OF GROUPS

The thrust give to promotion, nurturing and training of Self-Help Groups since the initial years laid the foundation for the spread of SHGsresulting in the creation of the Financial Intermediation activity in 2007, in collaboration with the State Bank of Mysore.

In September 2007, Vikasa signed a Memorandum of Understanding (MoU) with the State Bank of Mysore (SBM) to act as a nodal agency to form, nurture and train self-groups in rural Karnataka. In the first year of this collaboration Vikasa was instrumental in lending Rs. 2.91 crore to 146 groups in Bangalore rural and Mandya districts.

By the end of the first MoU in 2009, a total of Rs. 27.29 crore was facilitated for 809 groups for income-generating activities such as dairying, animal husbandry, dress-making, sericulture, etc. Work expanded to 13 districts.

In September 2009, SBM renewed the MoU for a term of three years ending in 2012 with a repayment rate of nearly 70 percent. In 2012, the MoU was further extended for a period of three years. The current MoU began in September 2015. With the merger of SBM into the SBI, Vikasa is hopeful of enlarging its footprint into all the districts of Karnataka.

VIKASA RURAL DEVELOPMENT ORGANISATION YEARLY WISE SHG’s PROGRESS REPORT FROM SEP 2007 to  March 2017

Amount in Crores

Financial year

No of Months No of groups Lending amt

Recovery amt

Sep 2007-2008

7

146 2.91 0.27
2008-2009

12

809

27.29

0.57

2009-2010

12

3749

119.58

33.71

2010-2011

12

4228

149.31

81.83

2011-2012

12

3527

134.28

119.35

2012-2013

12

2897

126.59

135.70

2013-2014

12

3622

166.54

146.36

2014-2015

12 4368 208.72

171.99

2015-2016

12

3580

184.55

209.53

2016-2017

12

3672

192.73

222.16

Total

115

30598

1312.50

1121.47