Bandhan's anti-poverty scheme that caught Abhijit Banerjee's attention

Bandhan Bank’s Targetting Hard Core Poor (THP) programme, aimed at alleviating poverty, is likely to get a boost with Abhijit Banerjee and Esther Duflo winning the Nobel Prize in Economics.
 

The duo has been closely associated with the programme as researchers since its inception.

According to a 2011 impact assessment study of the programme by Banerjee and Duflo, along with economists Raghabendra Chattopadhyay and Jeremy Shapiro, Bandhan’s THP results in a 15 per cent increase in household consumption and had a positive impact on wealth and welfare, such as assets and emotional well being. 

“Banerjee has been associated with THP since 2006.