trend of remittance in Rajasthan. i am sharing as my personal experience there didn't do any research from my side. On the behalf of ten to twenty household women's interviews.

1. REMITTANCES
ARVIND KUMAR CHAURASIA
EXECUTIVE – FINANCIAL INCLUSION
SALUMBAR(BHABARANA)

2. TASK ASSIGNED FOR EXPERIMENT
• Mr. Kaushik Salvi (MoneyTransferThrough M- Paisa)
• Mr. Mala Ram Meena (Money TransferThrough ATM)
• Mr. Dharmendra Joshi (Money TransferThrough Money
Order)
• Mr.Vishnu Bunkar (MoneyTransfer Through NEFT)

3. MONEY TRANSFER THROUGH ATM
Visit SBI ATM and punch Debit Card. Select option “Transfer” enter PIN.
Go for “Card to CardTransfer” type the card number of your
friend/relatives/others. Generally 19 digit ATM Card number.Twice time you have to
type ATM number of recipient.
than enter the amount of money, than select the type of account; generally saving
account.
Limit: 15000 per transaction ant 40000 per Day

4. REMITTANCE
sr

5. M- PAISA
• As per discussion with Kaushik regarding Money Transfer Through M-Paisa.
Two type of M-paisa outlets 1st
PRE- only for recharge and playbill others. 2nd
POST,
they have rights for traction of money.
Charges
Rs 101 to 5000 = less than 60 Rs
Rs 5001 to 7500 = 75 Rs
Rs 7501 to 10000 = 85 Rs
Need only mobile number. 10 digit
Visit any outlet of M-Paisa,

6. SUMMARY
Trends of remittances in Salumbar
Senders and Receivers
Problems with Transfer System
Potential of Remittances
Problems of Remittances

7. REMITTANCE
A transfer of money by a Migrant worker
at work place to his home city.
“Money sent home by migrants constitutes
the second largest financial inflow to many
developing countries.”

8. TYPES OF REMITTANCES:
Family remittances - This is money sent by
individual migrants to family and friends back home.
Community remittances - This is money sent by
individual migrants and by hometown associations to
communities in their home village(hamlets).

9. Can help to reduce insufficiency of money at source
& Precaution for involving in Debt
Help smooth household consumption
Lead to increase household expenditures
REMITTANCES: PRACTICES AT SOURCE

10. Trends
Remittance trends increase during the time maximum
migrants are working at destination.
This slowdown is expected to deepen further in the duration
of agricultural or festival session.

11. SENDERS
According to the field visit and asking about remittance:
99% of remittance senders are male.
About 80% of remittance senders have less expectations of
permanently staying in the destination at one place. They
are frequently change their location.

12. RECEIVERS
• 10 out of 8 recipients of remittances are women.
• Remittance money received is normally spent on
requirements.
• Remittances 50-80% of household income. If single earning
person in household.

13. PROBLEMS WITH TRANSFER
SYSTEM
• Formal vs. Informal Channels
• Cost of Transfer
• Inadequate Financial Infrastructure

14. FORMAL VS. INFORMAL
CHANNELS
• Formal
• Banks ( ATM to ATM, NEFT)
• Post Office
• Money Transfer Operators (M-Paisa)
• Informal
• Mail
• Friends
• Self

15. COST OF TRANSFER
• Informal
2.1.  1000Rs per 50Rs
2.2. 10000Rs per 200Rs
No documentation requirement, Only Name, Address, Mobile
Number of receiver.

16. FINANCIAL INFRASTRUCTURE
• Financial institutions lacking in rural areas
• Smaller institutions fill market
• Financial education needed

17. POTENTIAL OF REMITTANCES IN
OUR MIGRANT COMMUNITY
• More stable than capital flows
• Two types:
• Family remittances

18. Type of
remittance
Sender Receiver Uses
Family
remittances
Individual
migrants
Relatives in the
home of origin
Coverage of basic
needs of the families
Relatives, partners or
the same migrant
** Investment in small
businesses and
enterprises

19. GOVERNMENT INTERVENTION?
• Governments want to harness the potential of remittances.
• Can teach recipients about the potential of remittances.
• Ultimately, remittances are private.

20. PROBLEMS OF REMITTANCES
• “Ghost-town” phenomenon
• “Easy money”
• Inequality

21. CONCLUSION
• Long-run effects of remittances inconclusive
• Short-term effects vary from people to people.
• Remittance flows might decrease as migrants return to
home of origin.