This project has been initiated in association of Letz Dream Foundation. The project follows Graduation based Approach. Considering the existence of community that are below the subsistence level, out of 5000 targeted HHs in total 5 Gram Panchayat, 2400 HHs has been identified as Ultra Poor. These 2400 Ultra Poor HHs will be mobilized into 240 SHGs in order to provide them a regular and time bound cash transfer which would enable them to meet basic needs. While the Project aims at pulling these 2400 HHs out of poverty, simultaneously the holistic development of the remaining 2600 Poor households is also carried out.
Savings & Credit Based Women's Institutions ;-
Spectra works organising rural women to give them economic and social independence through savings and credit based women's institutions, which provide them an opportunity to share, participate, and raise issues concerning their lives and take decisions.
Institution Building;- Promoting community-based institutions for women empowerment is the core to Spectra’s mission. These institutions empower women - to change power relations in their family and in the society, to foster decision-making power among women, to enhance their degree of control over resources and provide them space for visibility and collective action. Spectra’s three tier Institutional architecture (SHGs, Clusters and Federations or Manch) forms the base for implementing different programmes for Financial Inclusion, Livelihoods, Girls Empowerment and Rights & Entitlements. Spectra has promoted 3 federations. Currently, two federations- Udaan, and Parvaj, registered as Trusts work autonomously with handholding support from Spectra.
Capacity Building:- The institutions (SHGs, Clusters, Federations or Manch) provide the platform for capacity building of the community in general and that of women leaders in particular. Members of the SHGs are provided regular training for strengthening their management skills in running the institutions. In addition to information about better agriculture and animal husbandry practices, women members are also chosen and trained for different roles such as Community Resource Persons, Sakhis (Pashu,SHG, Adhikaar, Krishi, etc.) that helps them earn supplementary income.
Financial Inclusion:- Through becoming members of SHGs women do regular savings, access loans, and thus reduce the risk of social exclusion and poverty. Federations help SHGs access credit from banks and themselves also advance two kinds of loans to SHGs – loan for New shops open and expansion old shop. A member ship of Federation's Saving provision is made to cover expenditure during festivals and special occasions without affecting the groups’ saving.