With the objective of interventions through various services, a new separate entity in the name of Samutkarsh Welfare Service has been incorporated
as section 25 company under the provisions of the Companies Act, 1956 . Utkarsh will provide the following contribution to Samutkarsh
Welfare Services for carrying out credit plus activities.
(1) Interest Free loan of Rs 5 lac for 36 months for initial set up cost.
(2) 0.5% of the Gross Revenue from Oct 2010- March 2011.
(3) 3% of PBT in FY 2011-12.
(4) 2% PBT from FY 2012-13 onwards
Activities of Sumutkarsh Welfare Society
Vocational Training & Market Linkages:
Main object of this project is to provide training, technical knowhow, credit and market linkages facility to the poor women
in rural areas to enable them to enhance their house hold income. The aim of this initiative is to encourage entrepreneurial activities
among the poor, with the focus being on providing the family with an additional source of income. Keeping this in mind, SWS started
providing training of "agarbatti" making to the underprivileged women and linking it to the market. The following factors have been
kept in mind with respect to "agarbatti" training.
* Ensuring that the skill is taught keeping in mind the constraints of the group member;
therefore training is conducted at the village itself.
* Training procedure is simplistic in nature, can be understood by the common man.
* Significant inclusion of the entire family, thus ensuring maximum support for the member
from peers as well as families (this is done by clearly stating the benefits of the training
and its impact on family income and including family members in the value addition
The company is providing continuous training on incense stick production in the twenty (20)
villages in Harahua block of Varanasi district. In the FY 2012-13, total 12 training were organized to enhance skill of members for
production of agarbatti. The members produced 148.5 ton of agarbatti during the year
Health Camp: Utkarsh organized 3 health camps during the FY 2012-13 in collaboration
with reputed hospitals. More than 3000 people were examined in the health camps. The camps provided facilities for basic health check up
like Blood test, sugar test, pregnancy test and distribution of free medicine for the members and their families. Utkarsh is committed
to organize more such camps in future.
Financial Awareness Training The company conducted 88 financial awareness training
programmes during the year. The main thrust was on making the rural women aware about the importance of saving, pension etc. It also
emphasizes on the perils of over indebtedness. More than three thousand women participated in the training programmes
Pension Services: The company expanded its financial product by introducing pension
services for its clients. The pension facility initially started with Sindhoura branch in Varanasi district but subsequently was expanded
to Harahua and Sigra branches. The company has received good response and is committed to scale up the pension services in FY 2013-14.