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Rickshaw Bank

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Rickshaw Bank

  1. 1. Presentation to the Members of the Roundtable on State of the Sector Report 2009 at Bankers Institute of Rural Development (BIRD), Lucknow Date : 29 th August, 2009
  3. 3. <ul><li>CRD IS AN NGO </li></ul><ul><li>Registered under the Societies Registration Act of 1860 (Section XXI) in 1994-95 </li></ul><ul><li>Registered under the Income Tax Act - Section 12AA & 80 G </li></ul><ul><li>Registered under the Foreign Contribution Regulation Act of 1976 </li></ul>
  4. 4. ACTIVITIES <ul><li>Rickshaw Bank </li></ul><ul><li>VET-AID-CENTRE (VACs) </li></ul><ul><li>District Nodal Agency, ARIASP </li></ul><ul><li>SHGs Management </li></ul><ul><li>Rural Marketing </li></ul><ul><li>Networking & Strengthening The Voluntary Sector </li></ul><ul><li>Imparting Training </li></ul><ul><li>Food Processing Centre </li></ul><ul><li>Backyard Poultry Farming </li></ul><ul><li>Information Documentation Centre </li></ul>
  5. 5. MISSION <ul><li>To ensure sustainable livelihood for the poor families by using local resources and skill up gradation with community participation </li></ul>
  6. 6. <ul><li>Rickshaw Drivers - vulnerable and socially disadvantaged community (harassed, HIV-AIDS, exploited) </li></ul><ul><li>No access to formal finance: 95 % hire rickshaw on high daily rental fee </li></ul><ul><li>Below poverty line and without any social security </li></ul><ul><li>46% are illiterate </li></ul><ul><li>8 million such rickshaw drivers in India </li></ul><ul><li>5 dependence as an average </li></ul>Identified Problem Solutions <ul><li>The Rickshaw Bank provides : </li></ul><ul><li>a newly designed rickshaw payable through a minimal daily installment </li></ul><ul><li>eventual ownership of the rickshaw, </li></ul><ul><li>insurance, uniform, licenses, a photo ID </li></ul><ul><li>training, health care, cooking gas etc. </li></ul>
  7. 7. Solution: Design Innovation <ul><li>Rickshaw originally designed by IIT, Guwahati </li></ul><ul><li>Aero-dynamically designed thus lighter </li></ul><ul><li>More spacious </li></ul><ul><li>More attractive to clients </li></ul><ul><li>Comfortable for all age groups </li></ul><ul><li>Longer functioning life </li></ul>
  8. 8. One Window Solution Provide for Drivers: <ul><li>Eye/ Healthcare </li></ul><ul><li>Family planning </li></ul><ul><li>Income </li></ul><ul><li>Potential savings </li></ul><ul><li>Social security </li></ul><ul><li>Access to financial institutions </li></ul><ul><li>Insurance </li></ul><ul><li>Licenses </li></ul><ul><li>Photo IDs </li></ul><ul><li>Meetings </li></ul><ul><li>Uniform </li></ul><ul><li>Training </li></ul><ul><li>Maintenance </li></ul><ul><li>Children’s schooling </li></ul><ul><li>Clothing </li></ul><ul><li>Cooking gas </li></ul><ul><li>Food cart </li></ul>Provide for families: An Asset: A Rickshaw
  9. 9. New initiatives Food cart for women entrepreneurship Door to Door garbage collection <ul><li>HEALTH SUPPORT CELL </li></ul><ul><li>MICRO FINANCE CELL </li></ul>
  10. 10. Benefits : SPONSORS <ul><li>Participate with purely commercial terms </li></ul><ul><li>Getting the commercial return as per the prevailing terms </li></ul><ul><li>100% repayment </li></ul><ul><li>Support in a sustainable model </li></ul><ul><li>Create a Visible impact </li></ul><ul><li>Working towards millennium development goal (MDG) to bring people 2 USD income per day </li></ul><ul><li>Leveraging of funds to reach larger numbers </li></ul><ul><li>Avenue for CSR </li></ul><ul><li>‘ Mobile’ advertisement facility at 96% cheaper rate for corporates </li></ul><ul><li>Flexible term options on advertising (1 month to 3 yrs) </li></ul><ul><li>Donors get 100% tax exemption </li></ul><ul><li>Donors can participate in the programme monitoring process </li></ul>(SBI,ICICI,HDFC & PNB) Financial Institutes (Care-India, AIF,MF) Donors (ONGC,IOC,HLL) Corporate
  11. 11. Benefits: RICKSHAW DRIVERS <ul><li>Bonafide membership of the Rickshaw Bank </li></ul><ul><li>Receive ownership of an income generating asset </li></ul><ul><li>Inculcates the habit of savings </li></ul><ul><li>Social security such as insurance coverage for both the rickshaw, the puller, the passenger (s) and the mediclaim facility. </li></ul><ul><li>Provided platform to work with dignity- norms, uniforms, photo I-cards </li></ul><ul><li>Getting health and eye care support </li></ul><ul><li>Subsequent loan </li></ul>
  12. 12. Operational Model <ul><li>5 Drivers constitute a group & 5 groups under one garage/ meeting point </li></ul><ul><li>Under each garage/meeting point cover 25 rickshaws and also provides repair facilities </li></ul><ul><li>Each garage/meeting point serves as the collection centre for the Drivers’ daily payment </li></ul><ul><li>Garage/meeting point are the creation of new entrepreneurship </li></ul><ul><li>Opening of new branches on a Franchise Model </li></ul>
  13. 13. <ul><li>Enables Rickshaw drivers to Own Their Rickshaws </li></ul><ul><li>Increases Rickshaw Driver’s Income Levels and Standard of Living </li></ul><ul><li>Provides a Financial Resource for Rickshaw pullers </li></ul><ul><li>Creates Jobs for Youths </li></ul><ul><li>Improves Sales for Local Businesses and Corporations </li></ul><ul><li>Decreases Fossil Fuel Emissions from Auto Travel </li></ul><ul><li>Increases the Use of Environmentally Friendly Cooking Fuel </li></ul><ul><li>Provides Better Health Services to the Rickshaw drivers and their Families </li></ul><ul><li>Brings Better Law and Order to the Community </li></ul><ul><li>Creates a Positive Work Environment </li></ul>The Results: Triple Bottom Line Sustainable Community Development + Social Impact + Environmental Impact + Economic Impact
  14. 14. <ul><li>Improves law and order </li></ul><ul><li>Less corruption </li></ul><ul><li>Better documentation through availability of licenses </li></ul><ul><li>Safer roads </li></ul><ul><li>Additional revenues </li></ul><ul><li>Larger consumer market </li></ul><ul><li>Job creation </li></ul><ul><li>Increases standard of living </li></ul><ul><li>Healthcare benefits </li></ul><ul><li>Clothing </li></ul><ul><li>Proper cooking fuel </li></ul><ul><li>Less polluted environment </li></ul><ul><li>passenger insurance </li></ul><ul><li>Jobs for youths </li></ul>The Results: Impact on Stakeholders <ul><li>Builds goodwill in the community </li></ul><ul><li>Larger consumer market </li></ul><ul><li>Effective and less expensive advertising </li></ul><ul><li>Tax incentives and 100% donor efficiency </li></ul><ul><li>Better investment opportunity </li></ul><ul><li>Rickshaw ownership and higher income </li></ul><ul><li>Safer work environment through well engineered rickshaws and insurance </li></ul><ul><li>Health care benefits and education </li></ul><ul><li>Support network through discussion forums and peer groups </li></ul><ul><li>Pride and confidence within the rickshaw driving business </li></ul>Rickshaw Drivers Members of the Community Corporate/ Financial Institutions Local Businesses Government And Local Authorities Families of Rickshaw Drivers Impact on Stakeholders
  15. 15. Cost Breakup of the Unit Amount recovered from each Rickshaw Puller Rs. 13,000/- @ Rs. 25/- EDI for 520 days for a maximum period of 18-24 months Average receivable Rs. 5000/- per rickshaw per year from the corporate advertisements till Rickshaw is owned by the RB and than 35% of the amount per year once Rickshaw is owned by the Pullers Particulars Cost (Rs) Rickshaw Assembling Cost 9600 Uniform Cost 450 Insurance Cost, 2 years 350 License Cost for both, 2 years 400 Total 10500
  16. 16. Sl.No States/ city Type of client No of clients No of ownership till date 1 Assam Dipbahan 2700 1254 Seuj Bahan 350 Supplied to GMC Fish Cart 10 Nil Ice-Cream Cart 3 Nil Food Cart 35 15 2 Agartala Dipbahan 450 38 3 Chennai Dipbahan 200 78 4 Surat Hath Lorry 237 90 5 Varanasi Dipbahan 300 24 6 Allahabad Dipbahan 400 57 7 Lucknow Dipbahan 150 23 8 Chandni Chowk Soleckshaw 7 Pilot model Total 4842 1579
  17. 17. Inauguration of Rickshaw Bank NOVEMBER 20, 2004 AT GUWAHATI, ASSAM Corporate representatives flag off the Rickshaw Bank
  18. 18. Partnership with AIF <ul><li>Phase - I </li></ul><ul><li>Scaling up of the Rickshaw Bank project is supported by AIF for Guwahati as well as Noida. The capacity building support for the expansion and bank linkage support is sponsored by AIF. </li></ul><ul><li>Phase – II </li></ul><ul><li>For further scaling up AIF supported in expansion of more three new cities in partnership model. The operational cost of the new partners, hand holding cost of RB and FLDG is provided in this new phase of expansion. </li></ul>
  19. 19. Rickshaw Bank at Agartala The Rickshaw Bank at Agartala was inaugurated by the Chief Minister of Tripura, Mr. Manik Sarkar in presence of Rural Development Minister and CGM, State of India on 26 th July, 2006
  20. 20. PARTNERSHIP WITH CARE-INDIA <ul><li>Replication of the </li></ul><ul><li>Rickshaw Bank has been initiated </li></ul><ul><li>at Chennai </li></ul><ul><li>in partnership with CARE- India </li></ul><ul><li>to support 200 rickshaws </li></ul><ul><li>for the Tsunami victims </li></ul>
  21. 21. Rickshaw Bank at Chennai Rickshaws are released on Chennai Road on August 24, 2006
  22. 22. A new initiatives is initiated at Surat by providing Hath Lorry (Hand Cart) with all other components of the Rickshaw Bank. The formal launching was organized on June 3, 2007 at Surat. New initiatives at Surat
  23. 23. Partnership with PNB & AIF <ul><li>A tripartite partnership model is agreed upon to replicate the Rickshaw Bank model in 100 cities with 1000 rickshaws in each city. </li></ul><ul><li>A CBO/ VO/ entrepreneur be identified and engaged as a partner to implement the project. </li></ul><ul><li>Each Rickshaw Driver open their No Frill Account in the respective branches. </li></ul><ul><li>FLDG provided by the AIF. </li></ul>
  24. 24. Launching at Varanasi, Allahabad & Lucknow <ul><li>The national launching of the programme was launched by its </li></ul><ul><li>Former CMD Dr. K. C. Chakrabarty in presence of the Executive Director, AIF Mr. Pradeep Kashyap </li></ul>
  25. 25. Research and Development <ul><li>Initially IIT Guwahati assisted in R&D of Rickshaw Bank Project. </li></ul><ul><li>Existing full-fledged workshop at Guwahati for R&D process under the supervision of Mechanical Engineer with the support from DST, GOI. </li></ul><ul><li>Signing of MOU between IIT Kharagpur & CMERI. </li></ul>
  26. 26. Glimpses of workshop
  27. 27. Different carts
  28. 28. Different carts
  29. 29. Other Collaboration <ul><li>Collaboration with the Department of Science & Technology, GOI </li></ul><ul><li>To replicate the Rickshaw Bank idea in 80 districts through promotion of new entrepreneurs in 16 states </li></ul><ul><li>Collaboration with MIT, Boston </li></ul><ul><li>Design Innovation for Slow moving vehicle for India </li></ul>
  30. 30. Recognition The Rickshaw Bank won The Citizen Base Investment Award 2003 for its concept at National Stock Exchange Building, Mumbai in November, 2003. IIM, Bangalore selected Rickshaw Bank project under their Microfinance Incubation Programme, during November – December, 2005. The Change makers Innovation Award Competition: Market-Based Strategies that Benefit Low-Income Communities at National Press Club, Washington on April 5, 2006. The Micro Finance Process Excellency Award, 2006 at New Delhi on April 7, 2006 given by the Planet Finance and the ABN Amro Bank. The Rickshaw Bank has got its recognition in the Limca Book of Records as First Rickshaw Bank under the business section in 2006.
  31. 31. Srijan 2007 Microfinance Business Plan Competition 3 rd Prize at Hyderabad on April 25, 2007. One of the finalist of the Micro Insurance Awards, 2007 at Hyderabad on July 27, 2007 Asian Innovation Awards, 2007 at Singapore on 13 th November, 2007. The Assam Chief Minister’s Best Community Action Development Award, 2008 on August 15, 2008 India NGO Award, 2008 for the medium category from the Eastern Region Rickshaw bank also awarded as Best Innovative Project of the year, 2008
  32. 32. SOLECKSHAW A SOLUTION FOR ECO-FRIENDLY TRANSPORT <ul><ul><li>Motorised assistance Rickshaw </li></ul></ul><ul><ul><li>- motor to run on battery, </li></ul></ul><ul><ul><li>- battery to be charged with “solar energy” </li></ul></ul>The former Union Minister of Science & Technology and Earth Sciences, Shri Kapil Sibal and the Chief Minister of Delhi, Smt. Sheila Dikshit launched the “Soleckshaw” solar operated cycle rickshaw, at Chandni Chowk on October 2 nd , 2008
  33. 33. <ul><ul><li>Dr. Pradip Kumar Sarmah (Ashoka Fellow, India) </li></ul></ul><ul><ul><li>Executive Director, </li></ul></ul><ul><ul><li>CENTRE FOR RURAL DEVELOPMENT (CRD) </li></ul></ul><ul><ul><li>Dewan House, Zoo Narengi Road, Guwahati- 781 021, Assam, </li></ul></ul><ul><ul><li>Phone : +91-361-2228281 (O) </li></ul></ul><ul><ul><li>Skype: PRADIP1963 </li></ul></ul><ul><li>E-mail: [email_address] com / p r [email_address] </li></ul><ul><li>Website: </li></ul><ul><li>REGIONAL OFFICE : </li></ul><ul><li>D-41 (First Floor) Sector- 27, </li></ul><ul><li>Noida- 201301, UP, India </li></ul><ul><li>Phone : 0120-2591436 / 4320703 </li></ul><ul><li>Mobile: +91 9818863727 </li></ul>CONTACT US