Socio Economic Action Trust (SEAT) is a Non-Government Organisation registered under the Indian Trust Act of 1882. VVD initiated micro-credit activities under the banner “Poor Women Talent Search Credit Program” in the year 2007 as one of its major thematic programs.
In 2013 both VVD & VVD-MF boards felt the need for separation taking into account the ground situation and experts’ advice to address the growing demand for credit in the rural areas. The senior management team along with some of the board members had a series of consultations with our Chartered Accountant for choosing the right path. The Executive Committee of VVD & VVD-MF resolved separate registration. Accordingly, an application to the Sub-registrar for registration in the name of SEAT was made. The trust deed was signed by both the Executive Committee of VVD & the Board of Trustees in the presence of the Sub-Registrar on 11th Aug.2015.
On October 1st, 2020, SEAT obtained the necessary and legal-related documents for accepting the Assets & liabilities transfers from the VVD-MF program and officially changed its legal entity. Presently the operation is being carried out in six Districts of Manipur viz: – Ukhrul, Kamjong, Imphal East, Imphal West, Senapati & Tamenglong District.
Vision:
“To become a sustainable NGO MFI providing microfinance services in an integrated manner”
Mission:
Objectives
To promote the economic development of poor and help them to play an active role in the formal economic system by providing financial services and training to strengthen and improve their livelihood
To support the clients and their organization regardless of age, sex, race, religion and politics
To achieve a high level of operational efficiency and to have a positive impact on the development of the people/ region.
Micro and small enterprises sector shall greatly take part in solving the immense problem of unemployment and under employment of our region/people.