Page 41 - TRIF Annual Report 2021

11,712 3,151 137

Youth Mobilized Youth Connected to Extension Youth -
Vocational Program Sarathis Created

45 226 34

Youth Supported Youth Launched in Youth Hubs
with Credit Enterprises Established

1,131 19 419
Arti Kumari

Yuva Compass Hub, Ramgarh, Jharkhand Skilled Youth Made Private Sector Employability Youth Placed through
Job Ready and Enterprise Partners Direct Employment

I have been doing tailoring work from home for a very long
time now. I had started to dream about owning a shop and
Yuva compass has increasing my earning potential while supporting my Reflections 2020-21
given me a "Sarathi" in daughter in her education. Being a single mother, I did not Innovative recourse: Percolating Digital Reach through Rural
the true spirit of a have enough savings to make that investment.
I got to know about an entrepreneurship program run by
"Sarathi", who helped the Yuva compass hub, through a Sarathi in the village. I Entrepreneurship
me carry my dream was counselled by the Sarathi and informed of how the hub
through ups and downs could support me with training, planning my business, and Improved financial inclusion has been instrumental in expanding the reach of government
Direct Benefit Transfers (DBTs) to rural beneficiaries. This has led to increased demand of micro
of the pandemic. also raise capital for it. I enrolled in it and completed the banking services in these areas. TRIF has partnered with Financial Inclusion Network and
program, and created a business proposal for setting up a
shop. I needed capital of Rs. 100,000 to start my business, Operations (FINO) for supporting digital enterprises, to provide micro banking services, closer to
of which the hub helped me secure a loan of Rs. 50,000 beneficiaries in such geographies. This intervention started in five intensive blocks of Madhya
through a local microfinance company. With this help I Pradesh. TRIF mobilised youth with entrepreneurial capabilities and investment capacity for this
started my business and was earning Rs. 12,000-15,000 program. With an investment of Rs. 5,500, an entrepreneur would get a FINO retailer ID and a
profit every month. However, during the COVID lockdown, biometric machine. After extensive outreach, candidates’ assessment, and KYC for FINO, TRIF
my business was closed for months and I was struggling promoted entrepreneurs for 20 FINO digital outlets. These outlets provided facilities like
for income. So, I reached out to Yuva Compass Hub again account opening, deposit, withdrawal, fund transfer, insurance, gold loan, etc.
for help. The hub supported with inventory of Rs. 19,500,
which helped me restart my business. During the festive These outlets have reached 5000+ families in 90 hard to reach villages, enabling transactions
season, I was able to bring my business back on track. Now worth Rs. 62 lakhs.
my turnover is around Rs. 35,000 a month and I’m able to
earn a profit of Rs. 12,000 to 15,000 every month. Program: Center for Mass Rural Entrepreneurship
Donor: Tata Trusts and Ikea Foundation
Program: Fight Against Covid-19: Economic Restoration
Donor: Standard Chartered Bank

40 TRANSFORMING RURAL INDIA FOUNDATION ANNUAL REPORT 2020-2021 41