HelpAge India supports older people’s self-help groups to apply for credit and other financial services. They also advocate for public sector banks to stop lending practices that discriminate against older people. As a result, the self-help groups obtained bank loans of around 49,000 rupees (770 USD) each to run revolving loan programs.
HelpAge India’s model of older people self-help groups has been so successful that it’s been adopted by the Ministry of Rural Development and federated into more formal community institutions. By garnering government support, these self-help groups are now also eligible to receive grants and trainings in two states through India’s National Rural Livelihood Mission.
Currently, HelpAge India supports 5,543 groups with 67,014 older members across the country.
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