Sunday, September 21, 2008

View of The Borgen Project from India

Uttar Pradish, India - Though India today is one of the fastest developing economies in the world, 41.6% of its population, lives below the new international poverty line of $1.25 per day. Since Independence in 1947 a number of steps have been taken to alleviate poverty by Indian Government but India still depends a lot on Foreign Aid from the U.S. and other developed economies.

With increase in the Indo-U.S. relations and the U.S. being India’s largest trading partner, the U.S. plays an important role in the alleviation of poverty. In June 2007 World Bank approved a $600 million loan for India to help it revamp thousands of ailing rural cooperative banks and fight village poverty through cheap loans as about 87 percent of marginal Indian farmers and 70 percent of small farmers have no access to credit from a formal financial institution.

With the World Bank, headquartered in Washington D.C. the loans sanctioned depend a lot on what Congress and the White House decide, hence gaining the attention of Senators, Congressmen and other Politicians towards global poverty is key to get the same. The Borgen Project is all about it and with its continuous attempts to draw the attention of U.S politicians towards poverty in India, it can play a very important role in getting funds, loans, donations sanctioned to Indian Organizations and Government which can help in eradicating poverty to much extent by providing employment, cheap loans to farmers and poor, free education to unprivileged and accomplishing other basic necessities .

The Borgen Project's continuous efforts towards bringing attention to poverty can cause miraculous decrease in the number of people living below poverty line.

Submitted by Rajan Vaish