SIDBI helping UKAid in poorest states inclusive programme
Updated: Apr 09, 2014 12:28:08pm
New Delhi, Apr 9 (KNN) The Small Industries Development Bank of India (SIDBI) has been mandated by the UKAid to help the key Poorest States Inclusive Growth (PSIG) Programme to work for reaching development to the poorest states.
Poorest States Inclusive Growth Project (PSIG) is one of the first private sector projects supported by the UKAid from the Department for International Development (DFID) and is being implemented by SIDBI.
The programme aims to enhance the income and employment opportunities of poor women and men in 8 low income States by enabling them to participate and benefit from wider economic growth in India.
The purpose of the programme is to improve income, and reduce vulnerability, of poor people and small producers, by expanding their access to finance.
PSIG has two separate, interlinked components: Financial Inclusion and women’s empowerment; and Impact Investments.
Under the Component 1 - Financial Inclusion and women’s empowerment: The programme (duration of 6 years) shall improve access for poor men and women to a variety of financial services in the 4 low income states (Bihar, Orissa, Madhya Pradesh and Uttar Pradesh); will facilitate improving the policy environment for microfinance and will empower women in terms of improved financial literacy, legal entitlements and other gender related issues.
PSIG is expected to leverage private sector financial and technical resources to reach up to 12 million direct and indirect beneficiaries.
In this context, SIDBI is seeking to hire the services of a theme leader (Gender and Financial Literacy) to be based here and undertake several tasks related to the oversight on programme design and delivery to ensure it meets gender equality commitments of the PSIG programme. (KNN/ES)
Poorest States Inclusive Growth Project (PSIG) is one of the first private sector projects supported by the UKAid from the Department for International Development (DFID) and is being implemented by SIDBI.
The programme aims to enhance the income and employment opportunities of poor women and men in 8 low income States by enabling them to participate and benefit from wider economic growth in India.
The purpose of the programme is to improve income, and reduce vulnerability, of poor people and small producers, by expanding their access to finance.
PSIG has two separate, interlinked components: Financial Inclusion and women’s empowerment; and Impact Investments.
Under the Component 1 - Financial Inclusion and women’s empowerment: The programme (duration of 6 years) shall improve access for poor men and women to a variety of financial services in the 4 low income states (Bihar, Orissa, Madhya Pradesh and Uttar Pradesh); will facilitate improving the policy environment for microfinance and will empower women in terms of improved financial literacy, legal entitlements and other gender related issues.
PSIG is expected to leverage private sector financial and technical resources to reach up to 12 million direct and indirect beneficiaries.
In this context, SIDBI is seeking to hire the services of a theme leader (Gender and Financial Literacy) to be based here and undertake several tasks related to the oversight on programme design and delivery to ensure it meets gender equality commitments of the PSIG programme. (KNN/ES)
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