"Uttarakhand Micro Finance and Livelihood Promotion Co-operative Institution" is an Uttaranchal Government initiative for the groups (particularly of women groups), federations of groups, Self Help Promoting Institutions, NGOs and Small MFIs registered as primary cooperative under UttrakhandSelf Reliant Cooperative Act 2003.Uttarakhand Micro Finance and Livelihood Promotion Co-operative Institution has adopted a mix of the 2 microfinancing models to achieve the utmost benefits.
NEWS & EVENTS
News & Events The institute is inaugurated by honorable minister for rural development Bishen Singh Chufal...
Profile of Hon’ble Sh. Bishan Singh Chupal.
PARTNERS
We invite Financing Institutions, Insurance Companies and Reputed NGO's to join in our endeavor of rural upliftment, empowering of Women and self-help groups. To know more about th epartnership possibilities, please contact the Office.
Microfinance services are financial services that poor people desire and are willing to pay for. The term also refers to the practice of sustainably delivering those services. More broadly, it refers to a movement that envisions “a world in which as many poor and near-poor households as possible have permanent access to an appropriate range of high quality financial services, including not just credit but also savings, insurance, and fund transfers.”
_________________________
Microcredit is the extension of very small loans (microloans) to the unemployed, to poor entrepreneurs and to others living in poverty who are not considered bankable. These individuals lack collateral, steady employment and a verifiable credit history and therefore cannot meet even the most minimal qualifications to gain access to traditional credit. Microcredit is a part of microfinance, which is the provision of a wider range of financial services to the very poor...
