Promoting sustainable & equitable agriculture & rural development through effective credit support, related services, institution initiatives, NABARD is the apex institution accredited with all matters concerning policy planning & operations in the field of credit for agriculture & other economic activities in rural areas in India. NABARD has supported Balajee Sewa Sansthan by providing the revolving fund for microfinance activity. NABARD has also granted a project on Financial Literacy to be implemented in selected rural areas of Uttarakhand.
Vimo SEWA in September 2009 registered as a national cooperative - ‘National Insurance Vimo SEWA Cooperative Ltd’, with direct areas of operation extended to five states in India - Gujarat, Rajasthan, Madhya Pradesh, Delhi and Bihar. It was established in order to target women workers and their families beyond SEWA membership through direct marketing, tie-ups with other NGOs and to conduct the micro insurance operations on a larger geographical scale. The primary objective of the cooperative is to carry out life and non life micro insurance for its members in a sustainable manner. Vimo Sewa has selected Balajee Sewa Sansthan to promote Health Insurance to weaker section of society in Uttarakhand.
After a finance research result that was shows that 60 percent of the Indian population still resides in rural area. LIC decide to work on a special insurance product for rural area, and low income sections of society . And these products are LIC Micro Insurance Product, sold only by Self Help Group (SHG) and NGOs. Balajee Sewa Sansthan is among the top performing NGO partners of LIC. During less than 6 months we have covered more than 1200 lives through the micro insurance scheme of Jeevan Madhur & Jeevan Mangal.