Income Generation
GNB focuses on income-generating activities to assist vulnerable groups(women)for the sustainable establishment of their development,which can be undertaken in or near their home.The main purpose of the IG activity is to make women self-reliant and raise them as an income generator, who can improve their family conditions and can educate children.
Main activity of income generation sector is to promote the strategy by making the activity more profitable and independent as a business. It is the formation of revolving the investment fund that finances promising IG activities. The fund is owned and managed by the community to nurture the growth of business entities that create capital in the community. IGA goal is to develop sustainable economy among the target people by reducing poverty, enhancing business capacity, promoting IG group and involve them in different IG activities, increasing the leadership and decision-making skill of the target group, enhancing livelihood status by empowering women’s in Income generation activities.
The main motivation for the development of women and their own reinforcement will be through the development of income generation activities. IGAs tend to give women a higher status within the family which indicates the greater amount of income under women's control, the greater amount devoted to their children's education health and nutrition.In terms of rural poverty reduction and promotion of rural economy, income generation activities empower women and set up consolidation between their needs and problems.
GNB’s IG activities is running under the umbrella of co-operative and operating in to two ways, individually share and savings by using the loan and group base IG activities by using the fund.
Currently, almost 18,000 women are involved with GNB's IG program to become solvent through contributing in the family income.
Every Income generation group will be formed on the basis of similar income generation item or type. Group members need to have interest on operating the income generating item in profitable way for 4 years. Members’ number in an income generation group will be minimum 10 (ten) and it may be varied considering the IGG item. But, the maximum members number will be depended on the IGG working volume and capacity. In a group, members should be from more or less same economic condition and location. For the proper management of income generation group for leading income generating activity, it needs to follow internal management process. It will help to operate income generation activity in every stage like planning, budgeting, leading, controlling, monitoring and evaluation.
Upto 2016 GNB managed to establish 42 Income Generation Groups consists of 931 members. The mentionable IG items are Homemade Food, Handicraft, Beef Fattening, Poultry Rearing, Handloom and Goat Rearing. In 2016, GNB organized 450 women in different 22 IG, where Tk. 14,832,831 was invested in those IGG, from which 30% amount was invested as infrastructure development.
