Microfinance Activity supported by RMK
ACTIVITIES OF THE TRUST
MAJOR ACTIVITIES UNDERTAKEN BY THE TRUST DURING THE YEAR:
II. Project Supported by Central and State Government Departments and Banks & CSR
6. Microfinance Activity supported by RMK
Rashtriya Mahila Kosh (RMK), an entity under the Ministry of Women and Child Development, Government of India, New Delhi has sanctioned Rs. 350.00 lakhs main loan to NCT for on lending to its SHG members for starting income generation activities. RMK has sanctioned this loan on the basis of external rating of NCT. External rating was done by CRISIL and NCT had obtained MFR-5, which is considered to be very good rating as NCT got external rating for the 1st time. RMKs officials have visited Nagpur and verified the working of NCT, both in its Head Office and on field level. This would help NCT to support its SHGs with low-cost loan for starting income generation activities. NCT was trying for an entry to RMK since 2-3 years and this would be good beginning for the Trust.