The presentation explores Role as well as Opportunities of CA professionals in Make in India Campaign and in Financial Inclusion. Positive contribution by CA fraternity can take both campaigns to next level. Direct and Indirect Professional opportunities are also explored. An attempt has also been made to foresee new opportunities in near future.
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CA Professionals and Financial Inclusion
1. NATIONAL CONFERENCE ON “PANEL DISCUSSION ON ROLE OF CAs
IN MAKE IN INDIA & FINANCIAL INCLUSION”
Role of CAs in Make in India
And Financial Inclusion
AJAY GARG
Team AGBians
3. …And
Any EDP
Is Unlikely to be
Complete
Without
Financial Lessons!
AJAY GARG
Team AGBians
Role of CAs in Make in India
4. …Skill Development
To Get Translated into
Self Employment
Must be coupled with
Commercial Economics
AJAY GARG
Team AGBians
Role of CAs in Make in India
5. …And
Self Employment
Is Unlikely to Succeed
Without
Handholding by CAs
AJAY GARG
Team AGBians
Role of CAs in Make in India
And Financial Inclusion
6. AJAY GARG
Team AGBians
Role of CAs in Make in India
FDI DOMIANTED GROWTH AREAS
• DEFENCE
• RAILWAYS
• MINING
• ENERGY
• AVIATION
7. AJAY GARG
Team AGBians
Role of CAs in Make in India
DI DOMINATED GROWTH
AREAS
SOLAR ENERGY AND
INDIA
TIME TO MAKE AWARE
ABOUT
Investment Per KW
• Net Metering Policy
• Tech and Productivity
• About SECI
• About Schemes of MNRE
8. AJAY GARG
Team AGBians
Role of CAs in Make in India
DI DOMINATED GROWTH AREAS
SOLAR ENERGY AND INDIA
JOURNEY FROM 5000 MW TO
100000 MW IN NEXT FIVE YEARS
• Roof Top Opportunities
• Community Building
• Commercial Buildings
• Wasteland
• PPP Model of Railways
• Private-Private Partnership
9. AJAY GARG
Team AGBians
Role of CAs in Make in India
DI DOMINATED GROWTH AREAS
IN MAKE IN INDIA CAMPAIGN
* SECURITY PRODUCTS * EDIBLE OILS
* ELECTRONIC HARDWARE * PROCESSED AGRO PRODUCT
EXIM IMBALANCE WILL BECOME ECONOMICALLY MANAGEABLE
10. SMPs – EYE CANDY MINISTRIES
AJAY GARG
Team AGBians
Role of CAs in Make in India
And Financial Inclusion
• Ministry of MSME www.msme.gov.in
• Ministry of Entrepreneurship, Skill
Development, YAS www.yas.nic.in
• Ministry of Food Processing
Industries www.mofpi.nic.in
• Ministry of Road Transport and
Highways www.morth.nic.in
• Ministry of Urban Development
www.moud.nic.in
• Ministry of Social Justice and
Empowerment www.socialjustice.nic.in
16. EASE OF DOING BUSINESS – REFORMS
AJAY GARG
Team AGBians
Role of CAs in Make in India
TARGET TO IMPROVE EODB RANKING
DIGITAL INDIA
REDUCTION IN NUMBER OF FORMS –
WILL THERE BE SINGLE TAX NUMBER ?
ONLINE CLEARANCE MECHANISM – IS
IT POSSIBLE AND PRACTICAL?
GOVERNMENT APPROVALS – SINGLE
WINDOW – CAN IT HAPPEN?
17. MAKE IN INDIA – WHAT’S NEW?
AJAY GARG
Team AGBians
Role of CAs in Make in India
18. •MACHINE PRODUCES MORE
THAN MAN
•MACHINE GIVES MORE
EMPLOYMENT THAN MAN
•MACHINE CAN WORK
LONGER THAN MAN
•EVEN SERVICE SECTOR
PRODUCES MORE WITH
MACHINES AJAY GARG
Team AGBians
Role of CAs in Make in India
WHY MAKE IN INDIA ?
19. AJAY GARG
Team AGBians
Role of CAs in Make in India
And Financial InclusionMAKE IN INDIA CAMPAIGN
TIME TO CAREFULLY ANALYSE WHETHER ANY OF MY CLIENT IS
• ELIGIBLE TO GET FUNDS UNDER SOON TO BE LAUNCHED
ELECTRONIC DEVELOPMENT FUND SCHEME
• ELIGIBLE TO GET FUNDS UNDER ‘FUND FOR PROMOTING
INNOVATION, ENTREPRENEURSHIP AND AGRO INDUSTRY’
• ELIGIBLE TO GET CAPITAL SUBSIDY FROM MOFPI
IF YES, THEN AS A PROFESSIONAL WOULD I LIKE TO DO THIS
ASSIGNMENT
20. AJAY GARG
Team AGBians
Role of CAs in Make in India
DEBT – HIGHLY UNLIKELY
EQUITY – YES – MEANS AND
WAYS
• ANGEL INVESTOR – YES
• VENTURE FUNDING – YES
• CROW FUNDING – YES
• CHANGE FUNDING – YES
• IMPACT FUNDING – YES
• SOCIAL MEDIA FUNDING - YES
21. AJAY GARG
Team AGBians
Role of CAs in Make in India
EXCITING TIMES FOR SMPs
• IS IT TIME TO MOVE ON AND LOOK
BEYOND AUDIT ? PERHAPS YES
• IS IT TIME TO MOVE ON AND LOOK
BEYOND DEBT FUNDING?
PERHAPS YES
• IS IT TIME TO MOVE ON AND LOOK
BEYOND TAXATION?
PERHAPS YES
22. AJAY GARG
Team AGBians
Role of CAs in Financial Inclusion
• MONEY TRANSFER TO NATIVE
PLACE
• SUBSIDY TRANSFER
• PARALLEL ECONOMY
• MICRO INSURANCE
• LIFE INSURANCE
• PENSION FOR UNORGANIZED
SECTOR
23. • BANK BRANCHES ARE OVER CROWDED
• SPECIALISED BRANCHES TO HANDLE
INDIVIDUAL ACCOUNTS
• SPECIALISED CENTERS TO OPEN BANK
SB ACCOUNTS
• BANK BRANCHES IN UNAUTHORIZED
AND UNPLANNED COLONIES
• TWO DEBIT CARDS INSTEAD OF ONE
BANKS – BURDEN OF FINANCIAL INCLUSION
AJAY GARG
Team AGBians
Role of CAs in Financial Inclusion
24. Customer Care Centre in BPP Mode
Will increasingly work as interface between
Bank Branch and Individual Customers
WIN-WIN MODEL
YOU KNOW SBI HAS ALREADY
STARTED SUCH CENTERS ON PILOT
BASIS. JUST CHECK ELIGIBILITY AND
PROFESSIONAL OPPORTUNITIES
AJAY GARG
Team AGBians
Role of CAs in Financial Inclusion
BANKS – BURDEN OF FINANCIAL INCLUSION
26. …Beyond Bank Account
Life Insurance Policy
Health Insurance Policy
Personal Accident Policy
Joy of Having the PAN Card
Disaster of Not Writing the Will
Nomination and Changes
Thereon
Address and Changes Thereon
Team AGBians
Role of CAs in Financial Inclusion
27. DIRECT SUBSIDY TRANSFER
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Role of CAs in Financial Inclusion
FORESEEABLE FUTURE
• Challenges of Direct Subsidy Transfer
• Online Interface likely to Happen – very Soon
• Some Sort of Certification – is likely to happen
• Being Financial Matter – Certification will bring
responsibility
• Some Sort of Interface between Govt and Subsidy
Receiver
28. CHARITY BEGINS AT …
Whether My ……….. are
Financially Included ?
My Unqualified Staff
My Articles in Very First Month
My Class IV Staff
My Driver
My Domestic Servant
Team AGBians
Role of CAs in Financial Inclusion
29. SILVER JUBILEE MEMBERS
Would I Love to Adopt a Village
for Financial Literacy?
Would I Love to Adopt One
Government School for
Financial Literacy?
Would I Love to Adopt One RWA
for Spreading Financial
Literacy?
Would I Love to Adopt one of My
Client Company for Financial
Literacy?
Team AGBians
Role of CAs in Financial Inclusion
31. How and How Much I can contribute for Larger
Cause!!!
Who Will Cry When I will Leave World
With Whom to Share and What to Share
My Life – My Choice. AJAY GARG
Team AGBians
EXPLORE - THINK - ACT