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- info@robigrameen.co.in
Services
We Provide these Financial Services
Microfinance is an effective tool for poverty reduction and spreading economic opportunity by giving poor people access to financial services, such as, credit and insurance.
Microcredit Provision:
Microcredit refers to small, collateral-free loans given to poor and economically backward individuals to help them become self-reliant.
Objectives:
- To start small businesses (e.g., tea stalls, cottage industries)
- For agricultural purposes (buying seeds, fertilizers, equipment)
- For livestock rearing (hens, ducks, cows, etc.)
Benefits:
- Comparatively low interest rates
- Easy repayment through installments
- No collateral required
Formation of Self Help Groups (SHGs):
These are groups formed mostly by 10–20 women with a shared aim of financial and social empowerment.
Primary Objectives:
- Encourage savings and credit habits
- Achieve self-reliance through group effort
- Empower women in financial decision-making
Functioning:
- Members save weekly/monthly
- Loans are given to members as needed
- The group becomes eligible for loans from government and banks
Savings Programs:
The goal of savings programs is to develop a habit of saving money for future needs among poor families.
Features:
- Daily/weekly/monthly deposit schemes
- Easy withdrawal during emergencies
- Earn interest on deposits
Examples:
- Recurring Deposit Schemes
- Daily Savings Plans
Insurance and Social Security:
To reduce financial risks, insurance services are offered to the poor, including health, life, and accident coverage.
Types of Insurance:
- Life Insurance: Provides financial protection to family in case of death
- Health Insurance: Covers medical and hospital expenses
- Accident Insurance: Offers compensation for disability or death due to accidents
Benefits:
- Low premiums
- Simple registration
- Reach into remote areas
Skill Development:
Skill-building is crucial for poverty alleviation alongside loans.
Training Categories:
- Tailoring and stitching
- Handicrafts and cottage industries
- Mobile servicing
- Computer literacy
- Modern techniques in agriculture and livestock management
Objective:
- Increase employment opportunities
- Promote income through self-employment
Digital Transactions and Banking Services:
Microfinance institutions promote easy digital banking access for rural populations.
Services Provided:
- Mobile banking apps
- Aadhaar-linked banking
- ATM/Debit card distribution
- Cash deposit/withdrawal, balance inquiry, fund transfer
Goals:
- Build a cashless economy
- Enhance digital literacy in rural areas
Agricultural and Livestock Loans:
These loans are specially designed for farmers and livestock rearers.
Utilization:
- Land preparation, seed and fertilizer purchase
- Buying new cows, goats, hens, ducks
- Building/repairing cattle sheds
- Purchasing agricultural equipment
Benefits:
- Low-interest loans
- Support from agricultural advisors
