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- Lost your job? Or are you short on money? Here are 7 ways to earn while staying at home
- Village Industries - Bajaj Rural Development Lab - Carnegie Mellon University
- How to earn money while staying at home?
- Slum Village - Get Dis Money
- 5 Ways to Make Money Without Spending a Dime
In hundreds of villages, the Bajaj Foundation is supporting local people to develop alternative sources of income.
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In combination with sustainable farming, these income-generating projects can provide sufficient profit for rural families to thrive without leaving home. The Problem Many villagers struggle to find a consistent source of income.
For landless laborers, in particular, finding a consistent source of income is a tremendous challenge. Many are forced to work as day laborers, earning only a meager and volatile income.
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Landless day laborers typically only find work for ten to fifteen days per month earning approximately rupees per day. Even those who have land often face long periods of time without significant income from farming. Due to a lack of water and over-reliance on cash crops like cotton, many small farmers find themselves in mounting debt.
- Grandmother and entrepreneur: improving life one generation at a time Small enterprise Ajijan was widowed at a young age and raised her children alone and continues to support them now.
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In the last decade, hundreds have taken their lives in despair. The Bajaj Foundation takes a holistic approach to providing sustainable economic growth and improved living conditions for rural people.
Many of these collaboratives pool their resources and invest in a collective business. A lentil and spice grinding machine, for example, offers a useful service for local farmers and provides income to the self-help group that operates the machine collaboratively. Village Grocery Shops The Bajaj Foundation has helped sixty families begin small village grocery stores.
Lost your job? Or are you short on money? Here are 7 ways to earn while staying at home
These shops provide income to poor families and offer needed goods to remote communities. Most shops earn an average monthly income of 6, rupees. In addition to reinvesting income back into the shop, many use their income for daily needs, education, healthcare, life insurance and savings for the future. Beneficiaries receive skills training in a number of business-related topics such as accounting, marketing, and communications. They also learn how to maintain the shop, purchase materials and meet the demand of their community.
Village Industries - Bajaj Rural Development Lab - Carnegie Mellon University
The Bajaj Foundation requires beneficiaries to charge fair prices and asks that the stores do not sell alcohol or cigarettes.
Not only do beneficiaries profit from an increase in income, they often achieve a higher social status within the community and are able to pursue bigger dreams for the make money in the village.
Indigenous Cows As an additional source of income, the Bajaj Foundation has helped hundreds of families purchase indigenous cows. These cows often provide families with enough milk to meet their own needs and still have surplus milk that can be sold.
On average, each beneficiary earns an average of rupees per day from selling surplus milk. In addition to surplus milk, cow dung can be sold to villagers who can use it for biogas plants or as organic fertilizer for sustainable farming.
Cows also produce offspring that provide further value to the family.
How You Can Help The Bajaj Foundation plans to scale-up their village industries program to provide extra income for thousands of families. Bajaj staff are also exploring alternative sources of additional income. If you have ideas or want to know more, there are many ways you can get involved.
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The Bajaj Foundation is working binary options trading 24option reviews improve their programs and to identify best-practices that can be replicated throughout India and in other rural communities worldwide. CMU teams have visited several village grocery stores and have talked with the families who run them.
Whether you are a student or a member of the faculty or staffthe Bajaj Lab can assist you in helping bring new sources of income to families throughout Wardha.
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The Village Store When Kawduji Waghamare saw people from other villages come to Khairi to sell various goods, he immediately thought that he could do it better. They did not have the resources for Kawduji to test his skills as a businessman. Since the opening of the shop, the Waghamares have quadrupled their annual income torupees. For the first time in their lives, the Waghamares have opened a bank account and are beginning to make money in the village.
The Waghamares's store has become an important feature of the Khairi community. People in the village used to travel in order to get basic necessities like food, oil and sugar.
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Now, they come to their local shop. Even those not able to pay can get their basic goods through an age-old tradition: bartering. In exchange for merchandise at the store, villagers come with handmade items that the Waghamares then take to the city to sell.
Before the shop opened, Kawduji and his family were not recognized as equals in their village due to their status as landless laborers. The shop ushered in a dramatic shift: the Waghamares have become important and proud members of their community.