CANTON, MICHIGAN, USA, Oct 8 2011 - Rickshaw Bank, a project of the Centre for 
Rural Development (CRD), has been named as a laureate of the Flextronics 
Economic Development Award this year. The award will be 
presented later this month in Santa Clara, California, USA.
The Flextronics Economic Development Award is a part of the Tech 
Awards, named after the prestigious Tech Museum in Silicon Valley, 
California. The awards are in five categories - Environment, Economic 
Development, Education, Equality, and Health. Each category has multiple 
laureates and one laureate in each category will receive a cash award 
of $50,000, to be announced during the awards ceremony on October 20, 
2011.
Rickshaw Bank was named a laureate for its social development 
impact to improve the lives of thousands of marginalized rickshaw 
pullers with below-poverty-line incomes. Starting in 2004 with 80 
rickshaw pullers in Guwahati, the program has scaled to 5,000 pullers 
all over Assam.
The project provides an asset-based loan to the puller to purchase a 
technologically superior rickshaw, known as the Dip Bahan, originally 
designed by the Indian Institute of Technology (IIT), Guwahati, and 
manufactured by CRD. Pullers are able to pay off the loan to CRD agents 
in convenient daily installments over a period of 18 months, after which they 
can keep all their daily earnings as owners. CRD also provides the following 
services to the pullers:
- Licences/training on rules and regulations
- Uniforms to help identify drivers
- Property, casualty insurance
- Cooking gas connections for families
- Cash loans, after full on-time repayment of rickshaw loan
- Low cost health care services for the family
Dr. Amarendra Kumar Das, Head of the Department of Design, led the 
team in IIT Guwahati that originally designed the Dip Bahan. Based on 
active field testing in partnership with CRD and other organizations, 
the Dip Bahan has made over 30 improvements to the traditional rickshaw 
design, including:
- Lowered rickshaw weight to 75 kg from 95-105 kg to reduce strain on the puller
- Lowered footrest to 17 inches from 21.5 inches to help women, children, and 
elderly people in getting on and off
- Changed the brake and lighting systems to make it safer
- Added better covering from sun and rain for both puller and passengers
- Used tubular iron pipe instead of wood for body parts to increase functioning 
life
- Added more luggage space for passengers
Assam Foundation of North America (AFNA), a volunteer-based 
non-profit organization registered in USA, that has served charitable 
interests of Assam and the USA since 1982, submitted the application for this 
award. As part of the application process, AFNA submitted detailed information 
about the contributions of all stakeholders in the Rickshaw Bank project, 
including those of CRD and IIT Guwahati. Representatives 
from AFNA will join the executive director of CRD, Dr. Pradip Kumar 
Sarmah, who has been invited by the awards organization to attend the 
ceremony.
AFNA is proud to be able to support this effort involving two 
organizations from Assam, whose combined contributions are benefitting 
one of the poorest segments of urban workers in India.
Further information about the organizations named in this press release can be 
found at the web sites listed below:
- The Tech Awards:www.techawards.org
- Centre for Rural Development:www.crdev.org
- Indian Institute of Technology, Guwahati:www.iitg.ac.in
- Assam Foundation of North America:www.assamfoundation.net
 
 
http://www.assamfoundation.net/index.php?option=com_content&view=article&id=77:rickshawbankpressrelease-08oct11&catid=39:welfare-news
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