This is the success story of Shankaramma due to her visit to Jnana Jyothi Financial Literacy Centre, Tiptur.
One day Smt. Shankaramma, w/o Sri Somashekar G Kalkere, Halepalya Post visited our Tiptur Centre along with a list of loans she borrowed from various sources. Literarily crying she told that it is impossible to clear loans or face the persons who lent her in her needy time. Hence she wants to commit suicide so that the amount being received from office and LIC may help her family (husband, mother-in-law and two kids). Mrs. P Rekha, Sr. Counsellor made her to sit, offered a glass of water and then asked her to explain her problem.
Smt. Shankaramma (ITI passed, worked in Bengaluru for a few months) is living with her family. Her husband is working on a power loom for his owner earning about Rs.5000-Rs.6000 per month. They have been allotted a plot from Municipal Office, where they began to construct a house. During that time she sold all her gold. Before completion of the house, her father-in-law got admitted to hospital for cancer treatment. She started borrowing from all sources including moneylenders and credit co-op society at interest rate from 2% to 5% per month. Her father-in-law breathed his last. She was left with an unfinished house and Rs.5 lakh loan on the family. Added to this, her husband got problem in his nose and doctor suggested operation costing Rs.25 to Rs.30 thousand. Her piles problem also increased. At this juncture she approached JJFLC at Tiptur.
As the Counsellor silently listened to her problem, Shankaramma got her confidence back. Then first thing the Counsellor did was got their family covered by (Rashtriya Swasthya Bima Yojana (RSBY), by which her husband got free operation and became fit to work. Then her kids got admitted to Morarji Desai Residential School. Away from family problems, she could give more time to do her tailoring and tuition work adding Rs.5-6 thousand extra earning.
Then through Pradhan Mantri Awas Yojana loan from Pragathi Krishna Grameena Bank, she got Rs.2.00 lakh loan sanctioned with a repayment holiday period, giving her opportunity to repay the hand loans got from moneylender and other sources. She completed her house.
Meanwhile, she got a job at Anganwadi at Edenahalli. Now the family is planning to have their own power loom. They are now living happily with mother-in-law Smt. Savithramma, husband Sri Somashekhar, daughter Gayathri (10th standard) & son Punith Kumar (7th std). Both the children are good at studies and extra-curricular activities. Son is qualified for district level competition this year.
Now she feels happy that her visit to Jnana Jyothi Financial Literacy Center helped her to come out of her problems. She is now advising everyone to have insurance for family, save for emergency situation and to avail loan from Bank only. She also sends needy persons to JJFLC for obtaining financial literacy details like knowing about deposit schemes, Scholarship schemes for students, Government schemes etc.
Smt. Shankaramma H.N.
Contact Number: 9164134718