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Exim Bank, through its Grassroots Initiative and Development (GRID) initiatives, envisages supporting globalisation of enterprises based out of rural areas of the country. The programme seeks to address the needs of relatively disadvantaged sections of society while creating expanded opportunities for traditional crafts persons and artisans, and rural entrepreneurs of the country. The Bank has consciously sought to establish, nurture and foster various institutional linkages and has entered into formal cooperation arrangements with select, broad-based organizations in order to directly reach out to the artisans and other target segments, by helping in capacity building, technological upgradation, quality improvement, market access, training and more.

Through this initiative, Bank extends financial support to promote grassroots initiatives/technologies; particularly the ones with export potential and help the artisans/ producer groups/clusters/small enterprises/NGOs, across the country realize remunerative return on their produce and finally facilitating exports from these units. The group functions like SME (Small and Medium Enterprise) and handles credit proposals from the organizations working at the rural /grassroots level and offers tailor-made financial products to cater to their needs.

The group is mandated to work towards developing a robust, vibrant and holistic approach in its intervention (helping at every stage of product development / business cycle viz. capacity building, export capability creation and expansion, diversification and finally to the exports)thus helping enterprises address the issues restricting them to make foray into exports. The broad areas of support extended by Bank, through its Grassroots Initiatives and Development (GRID) department to various organizations include, capacity building, developing common facility centres, developing raw material bank, technological intervention (technology upgradation) and creating export capability in micro and small enterprises (MSMEs), grass root rural business enterprises etc. Following sums up the objectives of this group in nutshell:

  • Providing financial assistance to identified NGOs/producer companies/cottage industry/community based organizations, in the country.
  • Poverty reduction/alleviation through export linkages.
  • Providing benefit of Globalization to grass root rural enterprises
  • Capacity building through workshops/ seminars/ training programs.

Eligibility to avail finance or services:

The organizations desirous of availing the facilities under GRID should fulfill the following criteria:

  • It should be a legal body registered under respective State/Central Govt. Act as Societies, Trusts, co-operatives, Private Ltd. Companies, Producer Companies, and NGOs etc.
  • Should be working with communities at grassroots level for promoting income generating activities (IGAs) based on the traditional skills of the community using indigenous or locally available materials on the areas of product development & design, capacity building, market development etc.
  • The organizations should have proven track record of creating /adopting sustainable livelihood model which could be replicated across the geographies sharing similar characteristics (demographic, cultural, socio-economic similarities, etc.).
  • There has to be an impactful intervention (judged by the no. of families covered, per household income etc.) in place by organizations mentioned above and should be able to demonstrate the above quality by bring forth the products/services with focus on quality and thus exports.
  • Some amount of export, directly or indirectly is desirable. The organizations should enjoy good rapport among the peers and its customers.