IDEAS home Printed from https://ideas.repec.org/h/spr/isbchp/978-981-95-7159-8_2.html

Annapurna Pariwar: Journey Across Challenges

Author

Listed:
  • Joy Deshmukh Ranadive

    (Independent Consultant)

Abstract

This chapter traces the historical journey of Annapurna Pariwar, its genesis and the challenges faced and overcome along the way. The response of Annapurna Pariwar to the turning points it faced, led to the evolution of six developmental organisations which organically evolved from meeting the needs of poor, productive women from the slums of Pune and Mumbai. It is the effort of Medha Purao Samant who gave up her job at a bank to solve the financial problems of vegetable vendors in the area she visited for buying her necessities. Beginning with nine women, and financing loans from her own pocket of a sum of Rs. 1000, Medha Tai as she is called, today has 40,000 active borrowers and a total loan disbursement of Rs. 3000 crore. From one location in a slum in Pune, it has spread to 650 slums and to 1250 slums in Mumbai. From one single person Medha Tai, the organisation now has a staff of 300. As the needs of members grew and as Medha Tai and her team realised what the members needed, and services became a bouquet that were relevant to the community and the times. These grew into various savings schemes: micro mutual insurance for life, health, assets, etc; a pension scheme; childcare centres for children (these are self-sustaining enterprises) and educational support to the children of single mothers. Challenges such as demonetisation and Covid-19 pandemic, wreaked havoc on the likelihoods of Annapurna members and the functioning of the organisation. The organisation coped with these times in ways that are lessons for the future.

Suggested Citation

  • Joy Deshmukh Ranadive, 2026. "Annapurna Pariwar: Journey Across Challenges," India Studies in Business and Economics,, Springer.
    • Handle: RePEc:spr:isbchp:978-981-95-7159-8_2
    DOI: 10.1007/978-981-95-7159-8_2
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a
    for a similarly titled item that would be available.

    More about this item

    Keywords

    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:isbchp:978-981-95-7159-8_2. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.