AKHAR-SOH (Journey Towards change )

Dear All: Fateh! I am happy to be part of this. I think this should become a live forum for discussion on various issues. In fact, there has to be some internal reporting also which requires feedback from all. My only concern is that each one will have to plan to spend some minutes every day regularly, otherwise the purpose will be defeated. This was long overdue, Let us make the most of it. Rab Rakha

One who earns less than $2 per day is categorised as poor as per UNO standards. India subcontinent is house to 50% of the total poor population of the world and India in Particular has around 30 crore people below poverty level. Social scientists categorise poor through various parameters like urban poor, rural poor. Nomadic tribes, backward classes etc , All the social scientists believe that one of the major reasons of poverty is dissconnection of poor from banking system. Due to dis-association of poor from formal banking system they rely on local money lenders for there unforseen needs. Local money lenders charge exorbitant rate of interést and from here starts an vicious cycle from which poor never come out. In most of the cases poor are never able to repay the principal amount. If we analyse poverty alleviation program of Bangladesh, which rely on providing small credit to poor people for starting ventures of there own choice. Grameen has been able to plug the gap and provides ...