Uplifting the marginalised

Confederation of Voluntary Associations (COVA) in association with Civil Society Organisations conducted a programme at Press Club, Basheer Bagh, to celebrate the acceptance of eight recommendations of COVA by the Government for financial inclusion; distribution of 84 loans amounting to 23, 35,000 to the poor under DRI and Mudra Schemes and felicitation to 47 bank officers from 22 branches of State Bank of Hyderabad (SBH) and Syndicate Bank, 20 change activists from nine organisations and donors for making the project on financial inclusion a success.

The pilot project facilitated access to 512 persons to avail loans worth Rs 1,06,63,500 with a repayment rate of 99.64 per cent for SBH and 99.82 per cent for Syndicate Bank. Over 20 Civil Society Organisations of Hyderabad actively collaborated in the programme apart from officers from SBH and Syndicate Bank.

Santanu Mukherjee, Managing Director, SBH, M Prasad, GM, Syndicate Bank, B Shanti Shre, Director, SBH, Iftekhar Husain, Noori Travels, Safir Adeni, President TiE, Khalil Ahmad, Chairman and Managing Trustee, Karnataka Zakat and Charitable Trust, Rizwan Haider, Noori Travels and Rotary Club, J Sitapathi Sarma, General Manager, SBH, and AC Sethi, Deputy General Manager, SBH Rama Jyoti, President of COVA were present at the event.