Two financial initiatives of the Dakshina Kannada-based non-governmental organisation Shri Kshethra Dharmasthala Rural Development Project (SKDRDP) - 'Pragathibandhu' and 'Sampoorna Suraksha' - have won the 'Changemakers' award in the competition 'Banking on social change - seeking financial solutions for all'. The award is promoted jointly by the US-based Ashoka Foundation and Citibank.
A press release by the SKDRDP said here on Wednesday that 'Pragathibandhu' model provides an alternative methodology to finance the farming activities of the small farmers. In this initiative small farmers come together to share and learn.
The model has successfully been implemented in coastal and malnad districts in Karnataka consisting of 1.32 lakh small farmers who have been organised in 23,300 self-help groups, it said.
'Sampoorna Suraksha' is a self-financing multipurpose insurance product to protect the poor against hospitalisation expenses, maternity, death, domiciliary treatment and accidents.
Giving details about the competition, the release said that the Web-based competition evoked response from 280 institutions across 43 countries. On December 1, three models comprising the 'Pragathibandhu', 'Sampoorna Suraksha', and a microfinance model from Argentina were declared the best, the release added.
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