Bihar, a state known for its rich cultural heritage and history, is also making significant strides in socio-economic development through the efforts of its leading impact finance institutions. These organizations are not only pivotal in fostering local economic growth but are also aligning their operations with the United Nations Sustainable Development Goals (SDGs). Let’s take a closer look at the top 7 impact finance institutions in Bihar, their leaders, and how their initiatives contribute to global sustainability goals.
1. Adi Chitragupta Finance Ltd (ACFL)
Head of Organisation: Mr. Gyan Mohan Adi Chitragupta Finance Ltd (ACFL) stands at the forefront of addressing SDG 1 (No Poverty). Led by Mr. Gyan Mohan, ACFL provides microfinance products that empower economically disadvantaged individuals to enhance their livelihoods through small-scale entrepreneurship. These efforts are particularly focused on rural areas where access to traditional banking services is limited. By providing these essential services, ACFL helps uplift individuals from poverty, contributing directly to the economic stability and growth of local communities. Their initiative not only helps reduce poverty but also promotes sustainable economic growth by enabling self-sufficiency and resilience among the poorest populations.
2. Centre For Development Orientation And Training (CDOT)
Head of Organisation: Mr. R.R Kalyan The Centre For Development Orientation And Training focuses on SDG 4 (Quality Education) and SDG 8 (Decent Work and Economic Growth). Under the leadership of Mr. R.R Kalyan, CDOT offers training and development programs that equip individuals with the necessary skills to thrive in the modern economy. These programs target the youth, women, and marginalized communities, offering them tailored educational programs that enhance their employability. Furthermore, CDOT’s initiatives help bridge the skill gap in the labor market, contributing to the overall economic development of Bihar by creating a skilled workforce ready to meet the demands of various industries.
3. Centre For Promoting Sustainable Livelihood (CPSL)
Head of Organisation: Mr. Sunil Choudhary CPSL’s mission aligns with SDG 2 (Zero Hunger) and SDG 12 (Responsible Consumption and Production). Led by Mr. Sunil Choudhary, CPSL implements programs that promote sustainable agriculture and support smallholder farmers by providing access to finance and markets. Their initiatives focus on enhancing agricultural productivity while ensuring environmental sustainability. By advocating for and practicing sustainable farming techniques, CPSL helps reduce hunger, achieve food security, improve nutrition, and promote sustainable agriculture, ensuring that environmental resources are managed in ways that do not compromise the needs of future generations.
4. Mass Care International
Head of Organisation: Mr. Pria Ranjan Mass Care International champions SDG 3 (Good Health and Well-being). Guided by Mr. Pria Ranjan, this institution focuses on improving healthcare access and outcomes by providing financing solutions to healthcare providers and recipients. Their programs target underprivileged areas where healthcare services are inadequate. By improving infrastructure and access to medical care, Mass Care International helps enhance the well-being of Bihar’s population, reducing mortality rates and combating a wide range of health issues, including preventable diseases.
5. Sahayog Development Services
Head of Organisation: Mr. Raman Shyam Singh Sahayog Development Services is dedicated to SDG 6 (Clean Water and Sanitation) and SDG 7 (Affordable and Clean Energy). Mr. Raman Shyam Singh leads this institution in its efforts to provide clean water, sanitation facilities, and renewable energy solutions to rural and underserved areas. By focusing on these critical aspects, Sahayog addresses fundamental human needs while promoting environmental sustainability. Their work not only improves living conditions but also helps in building resilient infrastructure that supports sustainable development.
6. Save Microfinance Pvt Ltd
Head of Organisation: Mr. Ajeet Kumar Singh Save Microfinance Pvt Ltd is engaged with SDG 5 (Gender Equality). Under the leadership of Mr. Ajeet Kumar Singh, this institution offers microloans predominantly to women, empowering them to start and expand their businesses. By facilitating women’s economic participation, Save Microfinance contributes significantly to reducing gender disparities in the workforce and promoting social equality. This empowerment leads to broader socio-economic benefits, including poverty reduction, higher educational achievements for children, and improved family health.
7. SEED Capital Pvt Ltd
Head of Organisation: Mr. Sanjeet KumarSEED Capital Pvt Ltd focuses on SDG 9 (Industry, Innovation, and Infrastructure). Led by Mr. Sanjeet Kumar, SEED Capital provides financial support to small and medium-sized enterprises (SMEs) involved in innovative projects and infrastructure development. Their support enables these businesses to grow and innovate, contributing to building a robust economic environment in Bihar. By investing in infrastructure, SEED Capital helps stimulate economic growth and development, creating jobs, and enhancing the state’s industrial capabilities.
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