FUNDING & MONITORING

| Edit Text |

CENTRALISED FUNDING SYSTEM

Mooldhan

Mooldhan is the Hindi word for “capital”. Within the context of rural development, Microcredit systems have grown in popularity as a tool for the empowerment of the people. It can be defined as the provision of parsimony, credit, and other financial services and products of very small amounts, given as short-term loans to people of low income in rural, semi-urban, and urban areas for enabling them to raise their income levels and improve living standards. For TGG Foundation, Mooldhan is a centralized funding system that powers all its projects. The functioning of this administrative activity started in the year 2015 with the interest-free loan received from The Golden Greens, with a 5-year moratorium to pay back. It was then supplemented by activity contribution. The biggest advantage of “Mooldhan” is that it extends financial support to Social Enterprises, Self Help Group and other Socials Projects supported by TGG Foundation on an interest-free basis for a minimum period of 3-years to pay back to the system. Project feasibility studies are conducted by professionals appointed by TGG Foundation, and on their recommendation financial supports are extended to approved projects. It provides great relief to those people who are starting their livelihood activities from ground zero.

REVENU ALLOCATED FOR MOOLDHAN

From the financial year 2021-21

80% of RHM Registration/Membership fee received by TGG Foundation is allocated to Mooldhan.

10% of all the revenue generated from the activities of TGG Foundation is allocated to Mooldhan.

10% of all the revenue generated by the social enterprises supported by TGG Foundation is contributed to Mooldhan.

FUNDFLOW STATEMENT