Unemployment and underemployment are some of the most common problems that are faced by the urban poor in India. The lack of formal education and requisite skills to have a stable source of income are some of the major reasons for their grinding poverty. The ever-widening gap between the rich and poor has been a major cause of concern not just for the government, but among social activists and economists as well. To help them come out from the vicious cycle of poverty, NGOs have come up with a number of livelihood training programs for underprivileged.
Here are some of the features of the livelihood training programs that are offered by them: -
Vocational training programs
Vocational training programs are meant to offer people with skills such as carpentry, weaving, handicraft making etc. in order to help them acquire a sustainable source of livelihood. Livelihood training centers in Mumbai offer these skill-based programs to people from vulnerable sections who do not have the basic means necessary in order to have a stable source of income. By providing them with the skills required to pursue a specific vocation, NGOs help in the upliftment of people living in the slums and shanties of major cities such as Mumbai. As a result, they are able to support their families in a better way. This, in the long run, helps in poverty alleviation among the urban poor.
Tie-up with major financial institutions
NGOs with a good presence across different parts of the country have tie-ups with banks through which they offer loans at reasonable rates of interest to self-help groups in urban areas. As a result, people from impoverished backgrounds can set up their own small businesses and gain freedom from the life of absolute poverty. Such programs have been known to help reduce poverty among marginalized sections of the society, not just in India but other developing countries around the world as well.
The term and conditions laid down by the banks to applicants are devised keeping in consideration their present socioeconomic condition. The easy repayment schemes make it possible for them to pay for their loan without having to undergo too much of an economic hardship. Such programs have been instrumental in bringing about socio-economic upliftment of thousands of people living in the slums and shanties of the major cities in India.
Livelihood Training for Underprivileged | Image Resource : tkf.org.in
Here are some of the features of the livelihood training programs that are offered by them: -
Vocational training programs
Vocational training programs are meant to offer people with skills such as carpentry, weaving, handicraft making etc. in order to help them acquire a sustainable source of livelihood. Livelihood training centers in Mumbai offer these skill-based programs to people from vulnerable sections who do not have the basic means necessary in order to have a stable source of income. By providing them with the skills required to pursue a specific vocation, NGOs help in the upliftment of people living in the slums and shanties of major cities such as Mumbai. As a result, they are able to support their families in a better way. This, in the long run, helps in poverty alleviation among the urban poor.
Tie-up with major financial institutions
NGOs with a good presence across different parts of the country have tie-ups with banks through which they offer loans at reasonable rates of interest to self-help groups in urban areas. As a result, people from impoverished backgrounds can set up their own small businesses and gain freedom from the life of absolute poverty. Such programs have been known to help reduce poverty among marginalized sections of the society, not just in India but other developing countries around the world as well.
The term and conditions laid down by the banks to applicants are devised keeping in consideration their present socioeconomic condition. The easy repayment schemes make it possible for them to pay for their loan without having to undergo too much of an economic hardship. Such programs have been instrumental in bringing about socio-economic upliftment of thousands of people living in the slums and shanties of the major cities in India.
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