Sabka Saath Welfare Foundation was started on June 11, 2020 with the purpose to financially support informal and unorganized small businesses – especially those who had lost their small working capital during COVID lockdowns.
As lockdowns across the country slowly lifted, a group of us started thinking about the thousands of our brothers and sisters whose lives had been thrown out of gear, leaving them economically devastated. We got thinking about how we could specifically support small and micro-businesses and school children in building a life of dignity. This is how the idea of Sabka Saath Foundation came about.
We follow a two-pronged approach.
We aim to collect enough funds through which we could re-finance at least 2000 small and micro enterprises with an average ticket size of Rs.10,000/- and secondly, to support 1000 children to keep going to school.
We believe that this will prevent many of us from slipping into absolute poverty and quitting education.
We are committed to transparency and professionalism in the management of the funds. The response of our friends has been enthusiastic and encouraging. This Society has been formed with these intentions to give back to Society in this period of crisis and beyond.
The following businesses were identified to begin with (the list is purely illustrative):
Identification of eligible beneficiaries/candidates and subsequent verification has to be done. Due to lockdown and related precautions this work is progressing very cautiously. All disbursements of aid are done by cheque into the accounts of beneficiary/spouse to ensure proper utilization of funds.
We collect money from the community in the form of small donations and distribute it among the above needy for refinancing their businesses.
Our area of operation is currently in Lucknow and will expand as to other districts as we collect more funds and the environment becomes more conducive.
We already in touch with the following schools to identify deserving students who are vulnerable and may drop out in the coming academic session due to the poor financial condition of their parents who are victims of COVID induced financial slowdown.