Project formulation is defined as carefully evaluating a project idea by weighing its various components. It involves objectively assessing all aspects of an investment proposal for a project idea to determine its total impact and liabilities. The main function is to provide entrepreneurs a format for financial support proposals. It aims to avoid delays and non-acceptance by including essential details like the project title, organization details, description, budget, expected results, and sustainability plan. Project formulation was utilized in Mendhalekha village in India to solve their financial problems, raise total income, and improve both their economic and social status by helping decide objectives and goals. It was concluded that utilizing project formulation for social and individual enterprises can make a real difference and is an important

1. to

2. -

5.  It is defined as “taking a first look carefully
& critically at a project idea by an
entrepreneur to build up an all-around
beneficial to the project after carefully
weighing its various components”
In short Project Formulation is a process
whereby the entrepreneur makes an
objective & assessment of the various
aspects of an investment proposition of a
project idea for determining its total impact
& also liabilities.

7.  Main function is to provide “a view to
acquaint the entrepreneurs with a format
that can serve as a model for them when
they seek financial support for their
enterprise.
 To avoid delay and in certain cases non-
acceptance of the proposal

8.  Project title
 Organization submitting proposal
 General information of the applicant organization
 Project description :
1} Describe region & place where project will be
implemented
2} Brief description of project objective
3} Project beneficiaries
4} Summary of activities/duration
5} Involvement or assistance from the other agencies
6} Selection of site
7} sustainability of plan
o Project budget
o Excepted result

10.  To understand the elements of mendhalekha’s
sustainability, and major threats, challenges and
opportunities that the village faces today.
 To understand villagers view on how national
and international recognition has helped
them, if at all.
 To understand their views about international
recognition and the processes by which
such recognition should happen.
 To understand how the village has adopted
various methodologies of project formulation

11. Location : Mendhalekha village in
Dhanora taluka of Gadchiroli district

12. Site Name Mendha-Lekha village
Country District : Gadchiroli
State: Maharashtra
Country: India
Area encompassed by the CCA Total area of village is estimate to be
1900 hectares +350 hectares of village
settlement area
GIS Coordinates Lat 20 11 55 to 20 14 48 Long 80 15
55 to 80 19 26
Concerned community The entire population is composed of
the Gond tribe.There are
approximately 400 people in the
village, largely without any caste or
class hierarchies
Is the community considering itself an indigenous
people?
Yes – people from the Gond tribe
consider themselves indigenous
people.
Is the community local per capita income inferior,
basically the same or superior to national value?
Per capita income is inferior (but this is
not taking into account the availability
of the resources which reduce the need)
Is the CCA recognised as a protected area by
governmental agencies?
Yes – In 1992, the State declared
major portion of the 1900 hectares as
Reserve Forest (leaving only about 350
hectares for villagers to meet their
needs)

13. Utilization of Project formulation
@ Mendha lekha
 The financial problem
of gond community
have been solved
 Project formulation
helped to raise the total
income
 The community based
entreprise - need of
every small village
 Not only the
economical Status but
Social status also
improved
 Project formulation
helped in deciding
objectives and final
Goal

14. Conclusion :
We have concluded that “Utilization of project
formulation in social & individual entreprise can
really make a Difference”
Result :
Project formulation is one of the most
important innovation that helps in developing
successful social entreprise/project

15. If you stand for anything in life
you’ll have some people with u &
some against u
But,
If you stand for nothing in life
you’ll have no people WITH u &
no against u