Page 51 - Demo

Social Capital
Livelihoods in Rajasthan
During 2023, a pilot project was started in Didwana, a Mein Pragati village, to support 35 unskilled rural women in rug making
and market linkage to improve their monthly incomes. Over the course of 6 months, the weavers were trained and developed
rugs, thereby generating income for their households. Over 2023-24, the pilot project was expanded to cover an additional 98
women weavers (new cohorts) across four villages – Didwana, Ramgarh Pachwara, Kushalpura and Nangal Rajatwan (Mein
Pragati project locations).
Weaving hope: Threads of change
For several years, Lalita Pinara’s family, based in Ramgarh Pachwara
(Rajasthan), relied on seasonal work, stuffing cotton quilts. When
her husband, the sole breadwinner of the family, was paralysed five
years ago, the burden of caring for him and the entire family fell
solely on Lalita. She struggled to make ends meet, taking on any
small village tasks that she could. However, the wages were meagre.
Desperate for a way out, she signed up for the training programme on
carpet weaving and began earning Rs. 100/- per day while learning,
which was a huge deal for her. Now, she has gradually started
earning a regular monthly income and is able to support her family.
These earnings have given her hope as well as dignity. Things are
better now and she is gradually being able to stand on her own feet.
Lalita Pinara, from Ramgarh Pachwara, being
trained on rug making/ weaving, from Ramgarh
Pachwara village, Dausa block, Rajasthan
RBI’s MoneyWise Centres for Financial Literacy (CFL)
The quality of work the Mein Pragati programme
showcased led the Reserve Bank of India (RBI) to
appoint Crisil Foundation for its prestigious MoneyWise
Centres for Financial Literacy (CFL) pilot project in 2017,
starting with 25 centres in Maharashtra, Haryana and
Rajasthan. A strong performance track record established
during this pilot phase resulted in the RBI awarding a
very large/ambitious mandate to Crisil Foundation in its
expansion phase of the project.
As a result, Crisil has scaled up its coverage through 675
CFLs to cover 100,000 villages across 1,962 blocks in 317
districts of 14 states and four union territories (UTs) of India
– with support from the RBI, 11 PSU banks and NABARD.
These centres work towards raising financial awareness,
promoting good financial practices and driving sustainable
change in behaviour among people in their catchments. By
building these into timely, relevant and trusted centres of
knowledge, Crisil has taken a firm step towards enabling
‘last-mile financial inclusion’, which is critical to the country’s
long-term development.
RBI MoneyWise CFL Project
Impact and reach as on December 31, 2024*
14 states and 4 UTs
Number of states/ UTs
100,000+
number of villages
317
Number of districts
13.6 lakh
Linkage applications facilitated
1,962
Number of blocks
168 lakh
Community outreach
*Cumulative data from January 1, 2022
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