The Kalanjiam Community Banking Programme focuses on women and believes that localised financial institutions owned and controlled by women are an effective strategy to impact on poverty and gender issues.
The primary unit of community financial institutions is the Self-Help Group of 15 to 20 poor women and is called the Kalanjiam
Women's Savings & Credit Groups (15-20 members) Primary Groups at Village level. Local Banks Federation of groups (150-200 groups) At the Block level Cluster Development Association (15-20 groups) 4-5 nearby villages Nested Institutions
The programme has promoted 47 federations which are different levels of growth process in terms of addressing financial and social development needs of poor women.
It has initiated many social development programmes which include housing, infrastructure, health, education, sanitation, drinking water, skill building, insurance and business promotion.
These federations have established linkages and entered Memorandum of Understanding (MoU) with local, district administration, municipalities, apex banks, CAPART, HDFC SIDBI, NABARD and industrial houses.
Many federations actively participate in promoting philanthropy in each location by way of supporting education of children through scholarships, donations to people affected by fire accidents, floods and other calamities, and for meeting major health expenses of other members - and their families.