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NGOSP aims to promote, nurture,
and develop NGOs. RGVN provides funds for livelihood
related activities only by way of returnable grants.
Outright grants are made only for institutional development,
capacity building and innovative pilot projects. If
NGOs are successfull in using the Returnable
Grants, they would later be able to draw on mainstream
institutional finance to support the activities on a
larger and expanded scale. Returnable grants carry a
service charge of 12% and are generally returnable over
a period of two years.
NGO Revolving Fund - New NGOs to be provided
Rs. 50,000 to Rs. 1,00,000 as Revolving Fund for two
years to do micro credit. Capacity Building requirements
to be looked into simultaneously. Book keeping and accounting
to be perfected during this period.
NGO Micro Finance (NGO-MF) - NGOs which have
partnered with RGVN for 5-6 years, availed more than
2 loans from RGVN and have evolved to handle larger
credit, generally fall under the purview of NGO-MF.
RGVN plans to work with these NGOs with borrowed fund
and groom them into sustainable MFIs.
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A registered
society. |
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An association
not yet registered. |
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A community
based organization/traditional organization willing
to take up developmental activities. |
RGVN implements its NGO Support Program through its
Regional Offices in Guwahati, Jorhat, Patna, Bhubaneswar
and Chattisgarh. Development Support Teams (DSTs) are
set up at strategic locations to be closer to communities
to take up the specific task of promoting, developing
and providing support to disadvantaged people's groups.
For speedier decision making, Local Advisory Community
(LACs) have been constituted in each of the regions
for screening and approval of the proposals received
from NGOs, duly recommanded by the executives. The LAC
is chaired by a member of the Governing Board, while
other members are drawn from amongst prominent persons
from NGOs and invitees from corporate sector and senior
representatives of RGVN's sponsors. Proposals over Rs
5 LAC. The LAC in each region is expected to meet on
three or four occasions a year depending upon the need.
A prospective grantee send an application requesting
support
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The
Field Executies makes a personal
visit to the applicant NGO to
ascertain that:
(a) The project falls within
the RGVN framwork i.e. if it
is within
the RGVN area of operation and
if it is income generating;
(b) If the organization has
the capacity to carry out the
project
track record, people and their
backfround, financial
systems, past balance sheets,
accounting systems
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Scrutiny
of the Project by Field Executies
on the following aspects:
- Viability, feasibility
- NGO's relationship with people
- Special skills needed and
if available
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Project
Brief is prepared taking into
account:
- Organisational analysis
- Past performance
- People and their background
- Analysis of the Project
- Financial viability
- Mode of Profit sharing
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Local
Advisory Committee (LAC) comprising
of a RGVN Board member, Regional
Coordinator, Executive Director
and a eminent person in the
area of "development",
reviews and approves / defers
/ rejects the Project based
on its perception of:
- the intent of the NGO
- the felt needs of the area
and its people
- the degree of community participation
- the potential for growth,
not just of the enterprise,
but as a cohesive
group
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Grant
approved and funds released
as needed Project Coordination
Committee (PCC), is constituted
to monitor the progress of the
project.
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The PCC comprises of an RGVN
executive, an NGO functionary, a minimum of two beneficiaries
and a prominent person of the locality. The PCC meets
quarterly and monitors the projects. The Project Coordination
Committee plays an Important role in ensuring proper
implementation of the project. It is on the basis of
the recommendation of the PCC that subsequent installments
of the grant amount are released.
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