CSR MAKING GOOD BUSINESS SENSE IN INDIA: OPPORTUNITY TO GROW(1)

Opportunity for Benefit of commercially viable sustainable agriculture and motivated them and reaffirmed people’s faith with agriculture.

VAL successfully gave an opportunity to Grow (Vedanta increases farmers’ income by 200%)

Farmers in Lanjigarh area has proved that agriculture and industry can grow hand in hand. Unlike other farmers in their neighboring area, Farmers in Lanjigarh area have enhanced their household income by more than 200%.

Thanks to the Shashya Shilpa Abhiyan, a sustainable livelihood promotion program, spearheaded by Vedanta Aluminium Limited, Lanjigarh in the areas. A. Janak Sahu from Harekrushnapur village in Lanjigarh Block is one such farmer, who speaks the success of Shashya Shilpa Abhiyan. Prior to Vedanta, he, with his limited knowledge was practicing single crop (paddy) farming. The five acres of land, he owns, remained green for 120 to 140 days, in the Kharif season. Rest of the days in the year his land was left fallow and he has to go for daily labour to manage his family. His earning from agriculture was a paltry amount of Rs. 25,000/- a year. Same was case for most of the farmers in the locality.

Representative APR 391%

Let's say you want to borrow $100 for two week. Lender can charge you $15 for borrowing $100 for two weeks. You will need to return $115 to the lender at the end of 2 weeks. The cost of the $100 loan is a $15 finance charge and an annual percentage rate of 391 percent. If you decide to roll over the loan for another two weeks, lender can charge you another $15. If you roll-over the loan three times, the finance charge would climb to $60 to borrow the $100.

Implications of Non-payment: Some lenders in our network may automatically roll over your existing loan for another two weeks if you don't pay back the loan on time. Fees for renewing the loan range from lender to lender. Most of the time these fees equal the fees you paid to get the initial payday loan. We ask lenders in our network to follow legal and ethical collection practices set by industry associations and government agencies. Non-payment of a payday loan might negatively effect your credit history.

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