SIDBI teams up with NGO for initiative.
Mangalore, Sept. 21
The Shri Kshetra Dharmasthala Rural Development Project (SKDRDP) - a non-governmental agency engaged in rural development activity - and the Small Industries Development Bank of India (SIDBI) have come together to promote an institution to impart formal micro-finance training.
Addressing presspersons here on Thursday, Dr L.H. Manjunath, Executive Director of SKDRDP, said the institute, SKDRDP-SIDBI School for Micro Finance Training (SSSMFT), aimed at preparing a committed workforce in the micro finance sector.
To be set up in Mangalore, SSSMFT will identify micro-finance practices worth emulating and provide necessary value addition training to the existing practices. It plans to conduct a one-month course in aspects of micro credit, including financial analysis, budget planning and delinquency management during the first year. Nearly 20 candidates will be admitted to the course.
In the first year, it is also expected to conduct 15 short-term courses on micro finance practices for 300 members. Added to this, nearly 600 members will be imparted training on SHG (self-help group) accounting process.
Dr Manjunath said Mr N. Balasubramanian, Chairman and Managing Director of SIDBI, would preside over the inaugural function of the institute in Mangalore on October 23. Dr D. Veerendra Heggade, Chairman of SKDRDP, would inaugurate the institute.