Innovations in financial service industry
•Download as PPTX, PDF•
2 likes•712 views
The document discusses innovations in India's pension sector. It outlines the government's establishment of the Pension Fund Regulatory and Development Authority to develop and regulate the country's pension system. The size of India's pension market is expected to exceed $1 trillion by 2025. The government has implemented the National Pension System and Swavalamban Scheme to encourage retirement savings among informal sector workers. Various organizations are working on initiatives to increase financial inclusion and encourage micro-savings for retirement among low-income groups.
Report
Share
Report
Share
Recommended
Innovations in financial services industry
The document discusses innovations in India's pension sector. It provides background on India's financial services industry and the growth of the pension sector. The key innovation discussed is India's National Pension System (NPS), which aims to provide retirement income to citizens and encourage savings. The NPS allows individuals to save in tax-preferred Tier I and voluntary Tier II accounts. Contributions to the NPS are growing and expected to exceed $1 trillion by 2025, reflecting the pension sector's expansion in India.
Pradhan mantri jan dhan yojana
This document appears to be a chapter from a student's research project on perceptions of people towards the Pradhan Mantri Jan Dhan Yojana (PMJDY) program in India. The chapter provides background on financial inclusion in India and defines key terms. It discusses the objectives and importance of PMJDY, launched in 2014 to provide universal access to banking services. Key elements of PMJDY include opening bank accounts for all that can be held at zero balance and linking them to Aadhaar cards and Rupay debit cards. Over 16 crore accounts were opened under the scheme by June 2015, with over Rs. 18,000 crore deposited.
Financial Inclusion in India
The document discusses financial exclusion in India, where nearly half the population is unbanked and lacks access to basic financial services. It outlines various barriers that contribute to financial exclusion, including low income, lack of assets or savings, and geographical remoteness. The definition of financial inclusion promoted by the Rangarajan Committee is discussed as ensuring access to appropriate and affordable financial products and services for vulnerable groups. Government and banks have taken steps to promote inclusion through no-frills accounts, business correspondent models, self-help groups, and financial literacy programs. However, challenges remain around high transaction costs, limiting business models, and lack of involvement from large technology players.
Financial inclusion
financial exclusion
fin. inclusion
role of fin. inclusion in india
progress of financial inclusion
pradhan mantri jann dhan yojana
pradan mantri suraksha bhima yojana
pradhan mantri jeevan jyothi yojana
atal pension yojana
crisil
inclusix
banking
Indian Banking Moving towards a new landscape - PMJDY scheme - Part - 5
Hon'ble Prime Minister, Sh. Narendra Modi launched the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme as a national mission for Financial Inclusion on 28th August, 2014.
Financial Inclusion
Financial inclusion aims to ensure access to financial services and timely credit for vulnerable groups at affordable costs. It has the objectives of addressing constraints that exclude people from financial access, establishing proper financial institutions for the poor, and building financial sustainability. Financial inclusion is important as it can reduce poverty, increase savings and investment, manage risks and liquidity, and spur economic growth. Technology plays a key role by lowering transaction costs through digital finance and mobile banking, while financial institutions operate schemes and reach rural areas to promote inclusion.
Financial Inclusion Summit 2016 - PMJDY Scheme - Part - 3
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme was launched in August 2014 by Prime Minister Narendra Modi with the objective of ensuring affordable access to financial services like banking, credit, insurance, and remittances to disadvantaged and low-income groups. Phase 1 provided basic bank accounts and debit cards with accident insurance. Phase 2 seeks to promote activity in the bank accounts by providing overdraft facilities and credit guarantee funds, as well as micro insurance. As of January 2016, over 20 crore accounts have been opened under PMJDY with deposits over 30,000 crore. However, more work remains to achieve complete financial inclusion.
Industrial Development Bank Of India
IDBI Bank is one of India's leading public sector banks and the 4th largest bank overall. It was established in 1964 as the Industrial Development Bank of India to provide financial assistance to industrial enterprises. Over time, IDBI diversified and transformed into a commercial bank through a merger in 2005. Today, IDBI Bank has over 8,000 employees and a network of 1,140 ATMs and 689 branches across India. It offers a variety of personal and commercial banking services and aims to be a trusted financial partner through excellence in human capital and service quality.
Recommended
Innovations in financial services industry
The document discusses innovations in India's pension sector. It provides background on India's financial services industry and the growth of the pension sector. The key innovation discussed is India's National Pension System (NPS), which aims to provide retirement income to citizens and encourage savings. The NPS allows individuals to save in tax-preferred Tier I and voluntary Tier II accounts. Contributions to the NPS are growing and expected to exceed $1 trillion by 2025, reflecting the pension sector's expansion in India.
Pradhan mantri jan dhan yojana
This document appears to be a chapter from a student's research project on perceptions of people towards the Pradhan Mantri Jan Dhan Yojana (PMJDY) program in India. The chapter provides background on financial inclusion in India and defines key terms. It discusses the objectives and importance of PMJDY, launched in 2014 to provide universal access to banking services. Key elements of PMJDY include opening bank accounts for all that can be held at zero balance and linking them to Aadhaar cards and Rupay debit cards. Over 16 crore accounts were opened under the scheme by June 2015, with over Rs. 18,000 crore deposited.
Financial Inclusion in India
The document discusses financial exclusion in India, where nearly half the population is unbanked and lacks access to basic financial services. It outlines various barriers that contribute to financial exclusion, including low income, lack of assets or savings, and geographical remoteness. The definition of financial inclusion promoted by the Rangarajan Committee is discussed as ensuring access to appropriate and affordable financial products and services for vulnerable groups. Government and banks have taken steps to promote inclusion through no-frills accounts, business correspondent models, self-help groups, and financial literacy programs. However, challenges remain around high transaction costs, limiting business models, and lack of involvement from large technology players.
Financial inclusion
financial exclusion
fin. inclusion
role of fin. inclusion in india
progress of financial inclusion
pradhan mantri jann dhan yojana
pradan mantri suraksha bhima yojana
pradhan mantri jeevan jyothi yojana
atal pension yojana
crisil
inclusix
banking
Indian Banking Moving towards a new landscape - PMJDY scheme - Part - 5
Hon'ble Prime Minister, Sh. Narendra Modi launched the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme as a national mission for Financial Inclusion on 28th August, 2014.
Financial Inclusion
Financial inclusion aims to ensure access to financial services and timely credit for vulnerable groups at affordable costs. It has the objectives of addressing constraints that exclude people from financial access, establishing proper financial institutions for the poor, and building financial sustainability. Financial inclusion is important as it can reduce poverty, increase savings and investment, manage risks and liquidity, and spur economic growth. Technology plays a key role by lowering transaction costs through digital finance and mobile banking, while financial institutions operate schemes and reach rural areas to promote inclusion.
Financial Inclusion Summit 2016 - PMJDY Scheme - Part - 3
The Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme was launched in August 2014 by Prime Minister Narendra Modi with the objective of ensuring affordable access to financial services like banking, credit, insurance, and remittances to disadvantaged and low-income groups. Phase 1 provided basic bank accounts and debit cards with accident insurance. Phase 2 seeks to promote activity in the bank accounts by providing overdraft facilities and credit guarantee funds, as well as micro insurance. As of January 2016, over 20 crore accounts have been opened under PMJDY with deposits over 30,000 crore. However, more work remains to achieve complete financial inclusion.
Industrial Development Bank Of India
IDBI Bank is one of India's leading public sector banks and the 4th largest bank overall. It was established in 1964 as the Industrial Development Bank of India to provide financial assistance to industrial enterprises. Over time, IDBI diversified and transformed into a commercial bank through a merger in 2005. Today, IDBI Bank has over 8,000 employees and a network of 1,140 ATMs and 689 branches across India. It offers a variety of personal and commercial banking services and aims to be a trusted financial partner through excellence in human capital and service quality.
Pm Jan Dhan Yojna - Final Report
The document provides an overview and analysis of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme launched by the Indian government. It discusses the background and objectives of PMJDY, which aims to provide universal access to banking facilities and promote financial inclusion. The performance has exceeded expectations with over 12.5 crore accounts opened within the first 9 months. Going forward, stakeholders will need to address operational challenges to strengthen implementation and ensure accounts remain active. The success of PMJDY can help promote inclusive growth in India.
Trend of Zero Balance Accounts under PMJDY - Part - 4
Of the 20 crore accounts opened under the scheme, about 53 lakh have been offered the overdraft facility. But the overdraft was sanctioned for only around 27.5 lakh accounts, of which only around 12.3 lakh accounts availed this facility amounting to a disbursement of Rs.166 crore.
Financial inclusion
This document provides an overview of promoting financial inclusion in India. It discusses the need for financial inclusion, approaches taken by the Reserve Bank of India and other organizations to expand access to financial services, key dimensions of financial inclusion related to what services are provided, how they are delivered, who receives them, and who provides them. The document outlines India's history with financial inclusion strategies dating back to the early 1900s and highlights some of the major policies and programs implemented over time to promote inclusion, including the recent Jan Dhan Yojana program launched in 2014 with a goal of providing bank accounts to all Indians.
karnataka state financial corporation
The document discusses various loan schemes offered by KSFC (Karnataka State Financial Corporation) to support MSMEs in Karnataka. Some key details include:
- KSFC has been assisting MSMEs in Karnataka for over 52 years, helping over 1,63,643 units with nearly Rs. 10,465 crore in funding.
- They offer term loans, infrastructure development support, and financial services to MSMEs across various sectors like manufacturing, services, tourism, infrastructure development etc.
- Loan schemes have different eligibility criteria depending on sector, loan amount, security/collateral requirements, repayment periods etc. Interest rates typically range from 10.5% to 12%.
- KSFC
Final dissertation
The document evaluates financial inclusion in India by analyzing trends such as the spatial distribution of banking services, number of deposit and credit accounts, population coverage by region, agricultural credit coverage, and coverage of farmer households by social group and land holding. It finds that while the number of bank branches has increased across regions, the rise in credit accounts per population has not been significant. Coverage of farmer households and small/marginal farmers also remains low. The study recommends increasing priority on financial inclusion policies to better cover the poor through strategic credit provision, cooperative use, procedural changes, and government/technology initiatives.
Implementation of PMJDY with special reference to village Aakhar, District Ba...
The document discusses the implementation of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme with a special focus on the village of Aakhar in Ballia district, Uttar Pradesh. It provides background on previous financial inclusion efforts in India and outlines the objectives and key features of the PMJDY scheme launched in 2014, including providing all Indian households with a bank account, debit card, accident insurance and access to other financial products and services. The document also analyzes progress made on financial inclusion to date and challenges faced.
Nabard
1) NABARD is India's apex development bank that was established to facilitate credit flow for promoting agriculture and rural development.
2) It provides refinancing to lending institutions, promotes institutional development, and monitors client banks. It also coordinates rural credit activities and offers training/research support.
3) NABARD regulates cooperative banks and regional rural banks. It has subsidiaries like NABCONS, which provides consultancy services, and NABFINS, which provides financial services in agriculture and microfinance.
Indian Experience- Small Depositors
Small depositors in all countries are exposed to higher risk. As the banks are well regulated, the risk to depositors is mitigated to a limited extent through deposit insurance. In India, 87 commercial banks, 82 Regional rural Banks, 4 Local Area Banks and 2026 Co-operative banks are covered by deposit insurance scheme of the Deposit Insurance and Credit Guarantee Corporation of India (DICGCI). Each depositor in a bank is insured up to a maximum of rupees one lakh for both principal and interest. In the aftermath of Global Financial Crisis, depositor protection has become far more central for achieving the goal of financial stability
Sidbi
SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution aimed to aid the growth and development of micro, small and medium scale enterprises in India. It was set up in 1990 through an act of parliament as a wholly owned subsidiary of Industrial Development Bank of India. SIDBI's mission is to empower the Micro, Small and Medium Enterprises sector to contribute to economic growth, employment generation, and balanced regional development. It provides financial assistance to small scale industries, which contribute significantly to national production, employment, and exports.
state financial corporation
State Financial Corporations (SFCs) were established by state governments to provide financing support to small and medium enterprises. SFCs obtain financial resources from various sources like share capital, loan repayments, bond sales, and borrowings. They offer various forms of assistance including direct assistance like term loans and equity investments, and indirect assistance like guarantees. SFCs have struggled due to poor investment decisions and long gestation periods for supported small businesses, leading to losses. For SFCs to be sustainable, business decisions must prioritize financial viability over political factors.
CRM in banking & Financial inclusion
CRM has become one of the important software in the banking industry, This ppt tells about the need for CRM and how it is changing the dynamics in the banking industry.
Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products.
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...professionalpanorama
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
Keywords: Financial Exclusion, Financial Inclusion, PMJDY, Sustainable Growth.Financial inclusion for sustainable development
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
48303408
The document discusses financial inclusion and literacy in India. It defines financial inclusion as ensuring access to appropriate financial products and services for vulnerable groups. Financial literacy and inclusion are described as twin pillars, with literacy stimulating demand and inclusion supplying services. The Reserve Bank of India's strategies for financial inclusion include refining credit delivery, strengthening credit absorption, leveraging technology, and increasing access points like business correspondents in villages. Financial literacy initiatives involve education programs, outreach events, and collaboration between government, banks, and other organizations.
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Financial inclusion and ...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Financial inclusion and ...chelliah paramasivan
This document discusses financial inclusion and its impact on Dalit entrepreneurs in India. It provides background on financial inclusion initiatives aimed at providing banking and financial services to Dalits. It then discusses how the Tamil Nadu Industrial Investment Corporation (TIIC) provides various loans, subsidies and schemes to support Dalit entrepreneurs through initiatives like the New Entrepreneur cum Enterprise Development Scheme. The document also provides data on the types of assistance, subsidies, capital structure and performance of TIIC in supporting Dalit entrepreneurs over the years.Financial inclusion from Poverty to Prosperity
The document discusses financial inclusion in India. It provides background on India's economic growth and sectors. It then discusses the large portion of the population that lives in poverty and are financially excluded. Several government programs and initiatives are outlined to promote financial inclusion, such as no-frills bank accounts, expanding branch networks, and initiatives like Jan Dhan Yojana that aim to provide every family access to a bank account. Challenges to financial inclusion include limited financial literacy and the large number of people still needing access to financial services. The role of organizations like NABARD in promoting financial inclusion through microfinance and other programs is also mentioned.
Pradhan Mantri Jandhan Yojna
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission launched in 2014 to ensure universal access to banking facilities. The scheme provides basic bank accounts with overdraft facilities, debit cards, accident and life insurance, and access to pension and savings plans. Over 17.74 crore accounts have been opened under PMJDY as of August 2015, with over 11 crore people enrolled in related insurance and pension plans. The percentage of zero-balance accounts under the scheme has declined from 76% to 24% since its launch.
Pmjdy
The document discusses India's Pradhan Mantri Jan Dhan Yojana (PMJDY) program which aims to increase financial inclusion. It was launched in 2014 to provide bank accounts, debit cards, accident insurance and other financial services to disadvantaged groups. The goals are to eradicate financial exclusion, provide financial stability, and increase the country's economic participation. The five pillars of PMJDY are universal access to banking, financial literacy programs, microcredit availability, microinsurance schemes, and financial counseling.
c.paramasivan Financial inclusion and its impact on economic development
1) The document discusses financial inclusion and its impact on Dalit entrepreneurs in India. It analyzes how financial assistance from institutions like the Tamilnadu Industrial Investment Corporation (TIIC) promotes entrepreneurship among Dalits. [2) TIIC provides various loans and subsidies to micro, small and medium enterprises. About 40% of its assistance goes to first generation entrepreneurs, including Dalits. [3) The paper examines how schemes like capital subsidies, interest subsidies, and single window clearances have benefited Dalit entrepreneurs by improving their access to financial resources and strengthening their businesses.
Assigment on rural banking and infrastructure
The document discusses the importance of rural infrastructure and banking for rural development in India. It notes that rural infrastructure plays a key role in increasing agricultural yields and market access for farmers, as well as enabling non-farm employment opportunities. Specific types of rural infrastructure discussed include roads, storage facilities, irrigation, and electricity. The document also examines the role of regional rural banks in mobilizing savings and providing credit to rural communities. An example is provided of a rural banking initiative in Assam that built bridges to connect remote villages to city markets, improving farmers' access to sell their produce. The conclusion emphasizes the need for continued investment in rural infrastructure and banking to reduce rural poverty and encourage agricultural and economic growth.
Programmes for women greeshma
The document discusses various government programmes aimed at empowering women in India. It begins with introducing some common problems faced by women such as illiteracy, poverty, and domestic violence. It then outlines the evolution of programmes for women since the 1970s, shifting from welfare to development and empowerment. A key policy discussed is the 2001 National Policy for the Empowerment of Women, which aims to promote gender equality, justice, and women's participation. Numerous central and state-level programmes are described that focus on issues like economic empowerment, healthcare, protection, rehabilitation, and legal aid.
Takale Charitable Trust Presentation
The Takale Charitable Trust is a nonprofit organization established in 2007 in Maharashtra, India. It provides educational programs such as computer literacy courses, vocational training, and career guidance to over 10,000 poor and needy students. The Trust also organizes medical camps, youth empowerment activities, science communication events, social forestry projects, and other philanthropic initiatives. Annually, the Trust honors outstanding students, teachers, and social workers with awards and prizes to encourage social work and education. The Trust aims to open a residential school called the TCT Gurukul in 2013 to provide underprivileged students with education, vocational skills, and job placement assistance.
More Related Content
What's hot
Pm Jan Dhan Yojna - Final Report
The document provides an overview and analysis of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme launched by the Indian government. It discusses the background and objectives of PMJDY, which aims to provide universal access to banking facilities and promote financial inclusion. The performance has exceeded expectations with over 12.5 crore accounts opened within the first 9 months. Going forward, stakeholders will need to address operational challenges to strengthen implementation and ensure accounts remain active. The success of PMJDY can help promote inclusive growth in India.
Trend of Zero Balance Accounts under PMJDY - Part - 4
Of the 20 crore accounts opened under the scheme, about 53 lakh have been offered the overdraft facility. But the overdraft was sanctioned for only around 27.5 lakh accounts, of which only around 12.3 lakh accounts availed this facility amounting to a disbursement of Rs.166 crore.
Financial inclusion
This document provides an overview of promoting financial inclusion in India. It discusses the need for financial inclusion, approaches taken by the Reserve Bank of India and other organizations to expand access to financial services, key dimensions of financial inclusion related to what services are provided, how they are delivered, who receives them, and who provides them. The document outlines India's history with financial inclusion strategies dating back to the early 1900s and highlights some of the major policies and programs implemented over time to promote inclusion, including the recent Jan Dhan Yojana program launched in 2014 with a goal of providing bank accounts to all Indians.
karnataka state financial corporation
The document discusses various loan schemes offered by KSFC (Karnataka State Financial Corporation) to support MSMEs in Karnataka. Some key details include:
- KSFC has been assisting MSMEs in Karnataka for over 52 years, helping over 1,63,643 units with nearly Rs. 10,465 crore in funding.
- They offer term loans, infrastructure development support, and financial services to MSMEs across various sectors like manufacturing, services, tourism, infrastructure development etc.
- Loan schemes have different eligibility criteria depending on sector, loan amount, security/collateral requirements, repayment periods etc. Interest rates typically range from 10.5% to 12%.
- KSFC
Final dissertation
The document evaluates financial inclusion in India by analyzing trends such as the spatial distribution of banking services, number of deposit and credit accounts, population coverage by region, agricultural credit coverage, and coverage of farmer households by social group and land holding. It finds that while the number of bank branches has increased across regions, the rise in credit accounts per population has not been significant. Coverage of farmer households and small/marginal farmers also remains low. The study recommends increasing priority on financial inclusion policies to better cover the poor through strategic credit provision, cooperative use, procedural changes, and government/technology initiatives.
Implementation of PMJDY with special reference to village Aakhar, District Ba...
The document discusses the implementation of the Pradhan Mantri Jan-Dhan Yojana (PMJDY) scheme with a special focus on the village of Aakhar in Ballia district, Uttar Pradesh. It provides background on previous financial inclusion efforts in India and outlines the objectives and key features of the PMJDY scheme launched in 2014, including providing all Indian households with a bank account, debit card, accident insurance and access to other financial products and services. The document also analyzes progress made on financial inclusion to date and challenges faced.
Nabard
1) NABARD is India's apex development bank that was established to facilitate credit flow for promoting agriculture and rural development.
2) It provides refinancing to lending institutions, promotes institutional development, and monitors client banks. It also coordinates rural credit activities and offers training/research support.
3) NABARD regulates cooperative banks and regional rural banks. It has subsidiaries like NABCONS, which provides consultancy services, and NABFINS, which provides financial services in agriculture and microfinance.
Indian Experience- Small Depositors
Small depositors in all countries are exposed to higher risk. As the banks are well regulated, the risk to depositors is mitigated to a limited extent through deposit insurance. In India, 87 commercial banks, 82 Regional rural Banks, 4 Local Area Banks and 2026 Co-operative banks are covered by deposit insurance scheme of the Deposit Insurance and Credit Guarantee Corporation of India (DICGCI). Each depositor in a bank is insured up to a maximum of rupees one lakh for both principal and interest. In the aftermath of Global Financial Crisis, depositor protection has become far more central for achieving the goal of financial stability
Sidbi
SIDBI stands for Small Industries Development Bank of India. It is an independent financial institution aimed to aid the growth and development of micro, small and medium scale enterprises in India. It was set up in 1990 through an act of parliament as a wholly owned subsidiary of Industrial Development Bank of India. SIDBI's mission is to empower the Micro, Small and Medium Enterprises sector to contribute to economic growth, employment generation, and balanced regional development. It provides financial assistance to small scale industries, which contribute significantly to national production, employment, and exports.
state financial corporation
State Financial Corporations (SFCs) were established by state governments to provide financing support to small and medium enterprises. SFCs obtain financial resources from various sources like share capital, loan repayments, bond sales, and borrowings. They offer various forms of assistance including direct assistance like term loans and equity investments, and indirect assistance like guarantees. SFCs have struggled due to poor investment decisions and long gestation periods for supported small businesses, leading to losses. For SFCs to be sustainable, business decisions must prioritize financial viability over political factors.
CRM in banking & Financial inclusion
CRM has become one of the important software in the banking industry, This ppt tells about the need for CRM and how it is changing the dynamics in the banking industry.
Financial inclusion is defined as the availability and equality of opportunities to access financial services. It refers to a process by which individuals and businesses can access appropriate, affordable, and timely financial products and services. These include banking, loan, equity, and insurance products.
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...professionalpanorama
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
Keywords: Financial Exclusion, Financial Inclusion, PMJDY, Sustainable Growth.Financial inclusion for sustainable development
For any developing country like India, the sustainable growth of nation is only possible
by inclusive all financial services to those groups who are excluded to access financial
system. The approach that was first used by the government for financial inclusion
was Swabhimaan. In Swabhimaan, the target area was rural with account opening
as the main focus ignoring the use of mobile banking. Pradhan Mantri Jan-Dhan
Yojana (PMJDY) is introduced to overcome the loopholes of Swabhimaan. It is an
urge of the hour to make the people understand that financial inclusion is the emerging
financial means which play major role to develop country by eradicating poverty.
The main objective of financial inclusion is a basic no frill account, credit availability
at appropriate rate, knowledge of secure savings and financial products, remittance,
pension and insurance etc. PMJDY is major financial plan with the objective of covering
all households in the country with banking facilities along with inbuilt insurance
coverage. The paper implies to study the need of financial inclusions in India with
special reference to PMJDY for the sustainable growth of economy.
48303408
The document discusses financial inclusion and literacy in India. It defines financial inclusion as ensuring access to appropriate financial products and services for vulnerable groups. Financial literacy and inclusion are described as twin pillars, with literacy stimulating demand and inclusion supplying services. The Reserve Bank of India's strategies for financial inclusion include refining credit delivery, strengthening credit absorption, leveraging technology, and increasing access points like business correspondents in villages. Financial literacy initiatives involve education programs, outreach events, and collaboration between government, banks, and other organizations.
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Financial inclusion and ...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Financial inclusion and ...chelliah paramasivan
This document discusses financial inclusion and its impact on Dalit entrepreneurs in India. It provides background on financial inclusion initiatives aimed at providing banking and financial services to Dalits. It then discusses how the Tamil Nadu Industrial Investment Corporation (TIIC) provides various loans, subsidies and schemes to support Dalit entrepreneurs through initiatives like the New Entrepreneur cum Enterprise Development Scheme. The document also provides data on the types of assistance, subsidies, capital structure and performance of TIIC in supporting Dalit entrepreneurs over the years.Financial inclusion from Poverty to Prosperity
The document discusses financial inclusion in India. It provides background on India's economic growth and sectors. It then discusses the large portion of the population that lives in poverty and are financially excluded. Several government programs and initiatives are outlined to promote financial inclusion, such as no-frills bank accounts, expanding branch networks, and initiatives like Jan Dhan Yojana that aim to provide every family access to a bank account. Challenges to financial inclusion include limited financial literacy and the large number of people still needing access to financial services. The role of organizations like NABARD in promoting financial inclusion through microfinance and other programs is also mentioned.
Pradhan Mantri Jandhan Yojna
Pradhan Mantri Jan-Dhan Yojana (PMJDY) is a national mission launched in 2014 to ensure universal access to banking facilities. The scheme provides basic bank accounts with overdraft facilities, debit cards, accident and life insurance, and access to pension and savings plans. Over 17.74 crore accounts have been opened under PMJDY as of August 2015, with over 11 crore people enrolled in related insurance and pension plans. The percentage of zero-balance accounts under the scheme has declined from 76% to 24% since its launch.
Pmjdy
The document discusses India's Pradhan Mantri Jan Dhan Yojana (PMJDY) program which aims to increase financial inclusion. It was launched in 2014 to provide bank accounts, debit cards, accident insurance and other financial services to disadvantaged groups. The goals are to eradicate financial exclusion, provide financial stability, and increase the country's economic participation. The five pillars of PMJDY are universal access to banking, financial literacy programs, microcredit availability, microinsurance schemes, and financial counseling.
c.paramasivan Financial inclusion and its impact on economic development
1) The document discusses financial inclusion and its impact on Dalit entrepreneurs in India. It analyzes how financial assistance from institutions like the Tamilnadu Industrial Investment Corporation (TIIC) promotes entrepreneurship among Dalits. [2) TIIC provides various loans and subsidies to micro, small and medium enterprises. About 40% of its assistance goes to first generation entrepreneurs, including Dalits. [3) The paper examines how schemes like capital subsidies, interest subsidies, and single window clearances have benefited Dalit entrepreneurs by improving their access to financial resources and strengthening their businesses.
Assigment on rural banking and infrastructure
The document discusses the importance of rural infrastructure and banking for rural development in India. It notes that rural infrastructure plays a key role in increasing agricultural yields and market access for farmers, as well as enabling non-farm employment opportunities. Specific types of rural infrastructure discussed include roads, storage facilities, irrigation, and electricity. The document also examines the role of regional rural banks in mobilizing savings and providing credit to rural communities. An example is provided of a rural banking initiative in Assam that built bridges to connect remote villages to city markets, improving farmers' access to sell their produce. The conclusion emphasizes the need for continued investment in rural infrastructure and banking to reduce rural poverty and encourage agricultural and economic growth.
What's hot (20)
Trend of Zero Balance Accounts under PMJDY - Part - 4
Trend of Zero Balance Accounts under PMJDY - Part - 4
Implementation of PMJDY with special reference to village Aakhar, District Ba...
Implementation of PMJDY with special reference to village Aakhar, District Ba...
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...
Financil Inclusion for Sustainable Development through Pradhan Mantri Jan-Dha...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Financial inclusion and ...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI Financial inclusion and ...
c.paramasivan Financial inclusion and its impact on economic development
c.paramasivan Financial inclusion and its impact on economic development
Viewers also liked
Programmes for women greeshma
The document discusses various government programmes aimed at empowering women in India. It begins with introducing some common problems faced by women such as illiteracy, poverty, and domestic violence. It then outlines the evolution of programmes for women since the 1970s, shifting from welfare to development and empowerment. A key policy discussed is the 2001 National Policy for the Empowerment of Women, which aims to promote gender equality, justice, and women's participation. Numerous central and state-level programmes are described that focus on issues like economic empowerment, healthcare, protection, rehabilitation, and legal aid.
Takale Charitable Trust Presentation
The Takale Charitable Trust is a nonprofit organization established in 2007 in Maharashtra, India. It provides educational programs such as computer literacy courses, vocational training, and career guidance to over 10,000 poor and needy students. The Trust also organizes medical camps, youth empowerment activities, science communication events, social forestry projects, and other philanthropic initiatives. Annually, the Trust honors outstanding students, teachers, and social workers with awards and prizes to encourage social work and education. The Trust aims to open a residential school called the TCT Gurukul in 2013 to provide underprivileged students with education, vocational skills, and job placement assistance.
Fcw ppt shalini
The document provides an overview of fundamental rights for women in India according to the constitution as well as various government schemes and acts that promote women's development and empowerment. Key points include:
- The constitution guarantees women equality before the law and prohibits discrimination based on sex. It also allows special provisions for women.
- Numerous acts have been passed to protect women's rights in areas like dowry, employment, trafficking, and domestic violence.
- Government schemes aim to support women socially and economically through self-help groups, loans, training programs, and welfare benefits like pensions and housing. The overall goal is to empower women and improve their status, health, livelihoods, and decision making in the country.
Rural development in bangladesh
This document discusses the history and definitions of rural development in Bangladesh, with a focus on steps taken to promote rural development for women. It describes how rural development has been approached during different time periods, from the Mughal and British periods through independence. It outlines various government and non-government programs established to boost rural livelihoods, agriculture, education, health and women's empowerment. Major national and international non-government organizations working in rural development are also mentioned.
Women and child welfare
The document discusses issues related to women and child development in India. It notes that women are essential for existence but have long been oppressed. It outlines many problems faced by women like illiteracy, poverty, violence, and health issues. Similarly, many children live in deprived conditions and face malnutrition, diseases, lack of education. The government has implemented various policies and programs to promote empowerment, like reservations for women in local governance and the National Commission for Women. NGOs also work on issues such as health, education, trafficking. While steps have been taken, more needs to be done to change social mindsets and truly protect and develop women and children in India.
Women Entrepreneurship
Introduction, features of women entrepreneurship, why women become entrepreneurs, qualities, tips for women entrepreneurs, facilitating factors, opportunities, challenges, problems, remedial measures, steps taken by government, training programs, supporting agencies and about some famous women entrepreneurs
Women entrepreneurs
This document provides an overview of women entrepreneurs in India. It defines women entrepreneurs and outlines their key qualities like ambition and hard work. It discusses the functions of women entrepreneurs in planning, organizing, innovating, and decision making. It also examines the general and specific problems faced by women entrepreneurs, as well as government programs and remedies to support them. Statistics are presented on the growth of women-owned businesses in India over time and by state. Several famous successful Indian women entrepreneurs are profiled. In conclusion, it notes that while Indian society has traditionally been male-dominated, the government is taking initiatives to promote greater women's participation in entrepreneurship.
Child welfare activities...ppt
The document discusses various child welfare programs and activities in India, including Integrated Child Development Services (ICDS), Universal Children's Day, and the Under Five Clinic. It provides details on the objectives and services provided by the Under Five Clinic, such as care in illness, preventive care, growth monitoring, and family planning. It also discusses the constitutional provisions in India related to child welfare and development.
Woman entrepreneurship in india
This document discusses women entrepreneurship in India. It provides an overview of the increasing number of women-owned businesses in India and various other countries. It also discusses some of the key reasons for women entering business ventures, including skills, knowledge, adaptability, and personal and economic independence. However, Indian women entrepreneurs still face several constraints such as lack of confidence, socio-cultural barriers, market risks, lack of motivation, knowledge in business administration, and lack of awareness about financial assistance. The document concludes by emphasizing the need to encourage more educated women in managing their own businesses and utilizing their talents.
Women empowerment
This document discusses women's empowerment in India. It outlines several factors that contribute to women's lack of empowerment, including lack of decision-making power, freedom of movement, access to education, employment, media exposure, and domestic violence. Government programs and NGOs aim to empower women through increasing access to resources, education, employment opportunities, and political participation. Overall empowerment of women is necessary for India to achieve its full potential.
Women empowerment
The document discusses women's empowerment in India. It provides definitions of empowerment from the World Bank and others. It outlines the five components of women's empowerment and discusses women's status and empowerment across various areas in India such as education, employment, political participation, and access to resources. Challenges facing women in India are highlighted through various statistics. Government and non-government programs and policies aimed at promoting women's empowerment are also summarized.
Viewers also liked (12)
Similar to Innovations in financial service industry
Pension and ESIC presentation
The National Pension System (NPS) is India's defined contribution pension scheme that aims to promote old age income security. NPS has two tiers - Tier I is mandatory for government employees and offers no premature withdrawals, while Tier II is voluntary and allows withdrawals. The Pension Fund Regulatory and Development Authority regulates NPS and oversees contributions to individual pension accounts. Eligibility is open to all Indian citizens aged 18 to 55, and contributions are matched by the government for public servants. Subscribers can withdraw funds in phases post-retirement based on rules around purchasing annuities. The Employees' State Insurance Corporation similarly manages a social security scheme offering medical and cash benefits for low-income private employees.
Financial inclusion in india an over view
Financial inclusion is a buzzword now and has attracted the global attention in the recent past. As the approach of 12th five year plan (2012-2017) is faster, sustainable and more inclusive growth, the issue of financial inclusion is emerging as the new paradigm of economic growth. Financial inclusion plays a major role in driving a way the poverty from the country. The main focus of financial inclusion in India is to promote sustainable development and generating employment in rural areas for the rural population. C.Rangarajan Committee (2008) defined financial inclusion as, “The process of access to financial services, and timely and adequate credit needed by vulnerable groups such as weaker sections and low income groups at an affordable cost.” The purpose of financial inclusion is to provide equitable opportunities to every individual to avail the facility of formal financial channels for better life, better living and better income. It can be described as the provision of affordable financial services, viz., access to payments and remittance facilities, savings, loans and insurance services by the formal financial system to those who are excluded. Though there are few people who are enjoying all kinds of services from savings to net banking, but still in our country around 40% of people lack access to even basic financial services like savings, credit and insurance facilities. Financial inclusion is the road that India needs to travel towards becoming a global player. This paper attempts to study the overview of financial inclusion in India.
A Snapshot On The Overall Performance of The Financial Inclusion Initiatives ...
Financial inclusion or inclusive financing is the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of society, in contrast to financial exclusion where those services are not available or affordable. Financial refers to all types of financial services, including savings, payments and credit from all types of formal financial institutions. An estimated 2 billion working-age adults globally have no access to the types of formal financial services delivered by regulated financial institutions.
Extending pension coverage to informal sector and self employed in Rwanda
Assessment of the feasibility to extend the pension scheme coverage to self employed and workers from informal sector in Rwanda.
RapidSquirrels
This document proposes solutions to provide social welfare and security to informal sector workers in India. It identifies key problems like lack of identification, social security, financial inclusion, and skills/awareness. Solutions proposed include a unified Aadhar account system to identify and track workers, comprehensive social security schemes like HELP, a new ministry and financial institution for the unorganized sector, and skills training programs. Regulations are also suggested around implementation, including associations for different worker groups, and a national social security commission. Overall the solutions aim to identify informal workers, provide core benefits and protections, increase opportunities through skills and financial tools, and properly regulate the social security system.
PM Jan-Dhan Yojana - Implementation in Mission Mod (Part-6)
The document discusses the six pillars of implementation for the Pradhan Mantri Jan-Dhan Yojana (PMJDY) financial inclusion program in India. The pillars include: opening basic bank accounts for all adult citizens, linking accounts to Aadhar IDs, providing debit cards and overdraft facilities, offering microinsurance products, using business correspondents to distribute services, and expanding pension coverage for informal sector workers. The program aims to expand access to financial services across India, especially in rural areas, to promote savings, credit, and insurance among low-income households.
Master`s thesis presentation in Social Protection Financing by jean d`amour N...
Assessment of the feasibility to extend the pension scheme coverage to self employed and workers from informal sector in Rwanda.
The study gives a set of six feasible strategies to extend coverage to informal sector and self employed in Rwanda.
National pension scheme
The National Pension System (NPS) is a government-sponsored pension scheme that allows citizens to save for retirement. It was launched in 2004 to provide a retirement income to all Indian citizens. NPS offers two types of accounts - Tier I which is for retirement savings and Tier II which allows voluntary savings withdrawals. All citizens between 18-60 years can join NPS. The government regulates NPS through the Pension Fund Regulatory and Development Authority and has established various entities to manage contributions, recordkeeping, and providing annuity payments. NPS provides benefits like portability, transparency, and tax benefits to encourage long-term retirement savings.
JAN DHAN YOJNA COMPLETE PROJECT(SUMEET SARASWATA)
Union Bank of India has played a proactive role in India's economic growth by providing credit to different sectors. It has over 4,200 branches across India. The Pradhan Mantri Jan Dhan Yojana (PMJDY) financial inclusion scheme aims to provide bank accounts to all households, and over 17.45 crore accounts were opened by August 2015, with Rs. 22,032.68 crore deposited. PMJDY has positively impacted banks like Union Bank by expanding customer base and increasing deposits.
Budget analysis
This presentation is regarding the whole budget analysis of 2019 mentioning the important investments and expenditures of the government in coming years.
Thank You
Financial inclusion by pari
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
Financial inclusion by Joycee Wilson Dolare
The document discusses financial inclusion in India. It defines financial inclusion as the delivery of affordable financial services to disadvantaged and low-income groups. The government and Reserve Bank of India have implemented several initiatives to promote financial inclusion, such as "no-frills" bank accounts, banking services through business correspondents, and electronic benefit transfers. However, full financial inclusion has not been achieved, as an estimated 560 million Indians still lack access to formal financial services. Innovative products, regulation, technology, and public-private partnerships are needed to make further progress on financial inclusion in India.
Protecting the vulnerable: Providing social welfare to informal sector workers
The document proposes solutions to provide social welfare and security to informal sector workers in India. It identifies key problems like lack of identification, financial exclusion, and fragmented nature of informal workers. It proposes establishing Aadhar accounts for unique identification and registration. This would help classify workers and deliver social security benefits directly. Comprehensive social security schemes like HELP are suggested to provide health, education, life and pension cover. Regulations and specialized institutions are recommended to implement and monitor the schemes effectively.
Governmental Economic Schemes
The document discusses various socio-economic development schemes introduced by the Indian government. It provides details of 15 key schemes, including their objectives and benefits. Some of the major schemes discussed are Pradhan Mantri Jan Dhan Yojana, which provides bank accounts and insurance to citizens, and Pradhan Mantri Fasal Bima Yojana, which provides crop insurance for farmers. The document outlines how these schemes aim to improve people's livelihoods through financial inclusion, education, healthcare, agriculture support and more.
Financial inclusion
This presentation is based on Financial Inclusion, Financial Inclusion is the process of ensuring access to appropriate financial products and services needed by all sections of the society in general and vulnerable groups such as weaker sections and low income groups in particular at an affordable cost in a fair and transparent manner by mainstream institutional players.
State of micro pensions in india
1) India faces a growing aging population and need for retirement savings as fertility rates decline and lifespans increase. Only 28 million of India's 397 million workforce are in the organized sector with pension plans.
2) The government provides some pension support but the burden is unsustainable. It is encouraging household savings for retirement through programs like the New Pension Scheme and state-level micro-pension plans partnering with organizations like Invest India Micro Pension Services.
3) IIMPS delivers low-cost pension and insurance products to informal workers through partnerships, seeking to reduce distribution costs using IT platforms and provide a bundled product with CIRM's pilot of life insurance for IIMPS pension clients in Rajast
Analysis of Union Budget 2020-21
The document provides an analysis of key aspects of the Union Budget for 2020-21 presented by the Finance Minister Nirmala Sitharaman. Some of the highlights included in the 3-page summary are:
1) Removal of the Dividend Distribution Tax (DDT) and changes to tax slabs for individuals.
2) Measures to support the education, NBFC, MSME, and digital sectors through initiatives like allowing top universities to offer online degrees, debt relief for MSMEs, and expanding digital connectivity across the country.
3) Increased allocation for women's programs and a focus on nutrition, health, safety, and empowerment of women in the budget.
4
National pension scheme
The National Pension Scheme (NPS) is a defined-contribution pension system operated by the Government of India since 2004. NPS aims to provide all Indian citizens between 18-60 years of age with retirement income security, safe and reasonable market-based returns over the long term, and universal pension coverage. The NPS architecture includes two types of pension accounts - Tier I for mandatory retirement contributions and Tier II for voluntary savings. While NPS offers benefits like portability and tax incentives, it has faced challenges in achieving scale due to lack of incentives for distributors, low contribution costs affecting fund management, and complexity of the dual account structure.
Gouri finantial inclusion final report
Financial inclusion schemes aim to provide access to banking and financial services to excluded populations. The Pradhan Mantri Jan-Dhan Yojana (PMJDY) was launched as a national mission to ensure access to banking, savings accounts, remittances, credit, insurance, and pensions. It aims to cover all unbanked households with at least one bank account per household. The PMJDY offers zero-balance accounts with minimum Know Your Customer requirements, accidental death insurance of Rs. 1 lakh, life insurance of Rs. 30,000, and other benefits. It has resulted in the opening of over 23,000 accounts in the Ahmedabad region of IDBI Bank. Along with PMJDY,
Entrepreneurship
The document discusses entrepreneurship and starting new businesses. It defines entrepreneurship and entrepreneurs. It outlines the advantages and disadvantages of being an entrepreneur. It also describes various government schemes in India that support entrepreneurship such as Startup India, Prime Minister Employment Generation Programme, and Mudra Yojana Scheme for Women. The document emphasizes that entrepreneurship is important for job growth, economic development, and social progress. People interested in entrepreneurship should carefully consider all aspects before starting their own business venture.
Similar to Innovations in financial service industry (20)
A Snapshot On The Overall Performance of The Financial Inclusion Initiatives ...
A Snapshot On The Overall Performance of The Financial Inclusion Initiatives ...
Extending pension coverage to informal sector and self employed in Rwanda
Extending pension coverage to informal sector and self employed in Rwanda
PM Jan-Dhan Yojana - Implementation in Mission Mod (Part-6)
PM Jan-Dhan Yojana - Implementation in Mission Mod (Part-6)
Master`s thesis presentation in Social Protection Financing by jean d`amour N...
Master`s thesis presentation in Social Protection Financing by jean d`amour N...
Protecting the vulnerable: Providing social welfare to informal sector workers
Protecting the vulnerable: Providing social welfare to informal sector workers
More from RADHIKA GUPTA
j&k bank ppt
This document provides a summary of a student paper titled "NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING". The paper examines how new banking products like debit cards, credit cards, POS machines, ATMs, e-banking and SMS banking have transformed modern banking. It includes a literature review on past studies and sections analyzing each financial product and how they have impacted customer behaviors and transactions. The conclusion finds that these new products have significantly changed how customers make purchases and access their accounts.
J & K BANK REPORT
This document is a dissertation submitted to the University of Jammu on new age financial products and their role in transforming modern banking. It provides background on Jammu and Kashmir Bank, which was established in 1938 as the first state-owned bank in India. The dissertation discusses how products like ATMs, credit cards, debit cards, e-banking and SMS banking have transformed modern banking by making financial transactions more convenient. However, it notes that awareness and adoption of these new products is still lacking among some segments of society.
Puro water plant
The document provides details about setting up a packaged drinking water plant called Puro Water Plant. It discusses the three phases of setting up the plant over 12 months, including site engineering, infrastructure acquisition, and construction. It also outlines the plant's purification process, key management positions, marketing plan, target markets, promotional strategies, pricing strategy, and financial appraisal with projected costs and profits. The overall goal is to establish a trusted brand of packaged drinking water in Jammu, India.
Puro water plant
The document summarizes the setup and processes of a packaged drinking water plant located in Jammu, India. The plant will undergo three phases of construction over 12 months, including site engineering, infrastructure acquisition, and full construction. The major processes at the plant will be water purification using reverse osmosis, jar washing and filling, and automatic glass filling and sealing. A well-designed layout is proposed to optimize the flow of materials and efficiency of operations between the various sections of water treatment, storage, filling, and quality testing labs.
Tourism
Sudh Mahadev Temple is a sacred Hindu temple located in Chanhani town in the western part of Jammu. The temple houses a black marble lingam and figures of Lord Shiva and Goddess Parvati mounted on a bull Nandi. Thousands of pilgrims visit the temple during a 3-day annual fair held in July-August that features music, singing and dancing. The temple and surrounding areas like Man Talai archaeological site and Gauri Kund cave are an important pilgrimage site for Hindus in Jammu and Kashmir region.
Customer role in service delivery
This document discusses the role of customers in service delivery. It states that service delivery is customer-driven rather than product-driven. Customers play a vital role in successful delivery as they are often present during service and can influence whether the service meets their specifications. The level of customer participation varies, from low involvement like airline travel to high involvement like marriage counseling where they co-create the service. Strategies for enhancing participation include defining customer jobs, educating and rewarding customers, and managing customer mix to promote compatibility.
Retail
The document discusses 10 key trends that will define the luxury retail sector over the next 3-5 years:
1) Retail will diversify across digital, physical, and experiential channels.
2) Brands will seek new customers in emerging markets like Africa.
3) International travel and tourism will fuel sales, especially in Europe.
4) Luxury brands will polarize between accessible and ultra-luxury offerings.
5) Media will integrate retail functionality, allowing purchases from editorial content.
6) The men's market is growing faster than women's and attracting millennial shoppers.
7) Brands must personalize experiences to make customers feel special amid digital openness
Trends in luxury retail
The Indian luxury landscape is evolving in ways that are redefining consumers and requiring luxury players to change their operations in 2016. Key trends include the rise of digital and social media marketing, pre-owned luxury goods gaining popularity, renting luxury items, making luxury more accessible to mainstream customers, collaborations between Indian and global brands, customization and "Indianization" of products, boosting domestic manufacturing, and regulatory changes impacting the industry. Brands will need an omnichannel presence to engage customers across all platforms personally.
Criticisms of globalization
This report discusses the risks and opportunities of taking a business global. It outlines several key steps to expanding internationally, including creating an international business plan, researching foreign markets, selecting distribution methods, pricing for international markets, and complying with regulations. It also discusses common mistakes like failing to plan, chasing too many opportunities, and not accounting for cultural differences. Financing assistance is available from sources like the Export-Import Bank of the US. Overall, going global provides opportunities for growth but requires careful planning and cultural understanding to avoid potential pitfalls.
Adaptability: THE NEW COMPETITIVE ADVANTAGE
The document discusses how adaptability has become the new source of competitive advantage in today's changing business environment. It argues that companies must develop four key organizational capabilities: 1) the ability to read signals of change and act quickly, 2) the ability to experiment rapidly, 3) the ability to manage complex multistakeholder systems, and 4) the ability to motivate employees and partners. It provides examples of companies like Google, Procter & Gamble, eBay, and Whole Foods that have adapted successfully by strengthening these capabilities. Large, established companies also face challenges to becoming more adaptive but can do so by embracing strategies like empowering managers, addressing uncertainties, and increasing organizational agility.
The role of insurance intermediaries
Insurance intermediaries serve as the critical link between insurance companies and consumers. They facilitate the placement and purchase of insurance and provide services to both insurers and policyholders. There are two main types of intermediaries - insurance agents, who represent insurers, and insurance brokers, who represent policyholders. Intermediaries advise consumers, present insurance options, and assist with placing coverage, claims management, and risk management. They are an essential part of insurance supervision and distribution.
Risk
Insurance intermediaries such as agents, brokers, corporate agents, surveyors, and loss assessors facilitate the purchase of insurance and provide services that complement the insurance process. They serve as an important distribution channel between consumers and insurers. The supervisory authority sets requirements for intermediaries to regulate their conduct in order to protect consumers and promote confidence in insurance markets. Intermediaries reduce search costs for buyers and insurers by knowing the insurance marketplace and matching clients' risks with insurers. They also reduce uncertainty by providing information to both parties about risks, market conditions, and insurer finances.
NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING
This document provides a summary of a student paper titled "NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING". The paper examines how new banking products like debit cards, credit cards, POS machines, ATMs, e-banking and SMS banking have transformed modern banking. It includes a literature review on past studies and sections analyzing each financial product and how they have changed customer behaviors and transactions. The conclusion finds that these new products have significantly changed buying and transaction habits and banking scenarios in recent times.
NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING
This document is a dissertation submitted to the University of Jammu for a Master's degree in Business Administration. It discusses new age financial products and their role in transforming modern banking. The dissertation provides an overview of Jammu and Kashmir Bank, including its history, products, services, brand identity, CSR activities, and SWOT analysis. It finds that new products like ATMs, credit/debit cards, e-banking, and SMS banking have significantly changed customer behaviors and the way banking is conducted.
CONSUMER BEHAVIOUR
The document discusses brand evaluation and patronage intentions in consumer behavior. It begins by defining brands and the objectives of branding. It then covers different types of brands and methods for evaluating brands, including economic income, market comparable, and cost approaches. The key dimensions for evaluating corporate brands are also outlined.
The document also discusses the importance of evaluating brands for stakeholders and adapting marketing strategies. It explores motives for consumer purchases, categorizing them as emotional vs. rational and product vs. patronage motives. Finally, it presents a model and measures for assessing the relationship between perceived store attributes, value, and patronage intentions.
CONSUMER BEHAVIOUR
Three marketing students submitted a document on brand evaluation and patronage intentions to their professor. The document defined brands and discussed brand types, objectives of brand evaluation, and methodologies for evaluating brands. It also covered topics like motives for consumer buying and store patronage, including emotional and rational motives. Measures for evaluating concepts like perceived merchandise, value, and store patronage intentions were provided.
Brand mgmt ppt
This document discusses developing, enhancing, and sustaining a brand in the market. It provides tips for branding such as knowing your brand meaning and making employees brand ambassadors. It also discusses enhancing a brand through authentic communication and becoming more consumer-driven by developing products consumers help create. Additionally, it offers tips for improving brand communication strategies like being authentic and helpful. Sustaining a brand involves analyzing weaknesses, listening to customers, using data, and keeping customers informed and satisfied through creative services. The conclusion emphasizes knowing your brand and marketing with rather than at consumers to improve loyalty.
Brand management
This document discusses developing, enhancing, and sustaining a brand in the market. It provides tips for brand development including discovering a company's brand identity, understanding target customers, and training employees to represent the brand. It also gives 11 tips for improving brand communication strategies such as being authentic, providing relevant content, and leveraging user-generated content. Finally, it outlines 10 steps for building customer loyalty and sustaining a brand long-term, which include analyzing weaknesses, listening to customers, using customer data, and providing excellent customer service.
Pms
The document discusses the use of Property Management Systems (PMS) in hotels. It explains that PMS are comprehensive software systems that automate key hotel functions like reservations, point of sale, accounts, and more. The document provides examples of some popular PMS like ARIMAX, MICROS, and OPERA that are used worldwide in hotels of various sizes. It also describes how different departments in a hotel like front desk, housekeeping, restaurants, and management utilize PMS for tasks like check-ins, inventory, food orders, and accounting.
Godrej
Godrej is an Indian conglomerate established in 1897 that operates in various industries including consumer goods, real estate, and industrial goods. Some key points from the document:
- Godrej started as a lock manufacturer and diversified into industries like home appliances, chemicals, and agri products. It has annual sales over $1 billion and a workforce of 18,000.
- Major associate companies include Godrej Properties, Godrej Consumer Products, Godrej Household Products, and Godrej Agrovet.
- Godrej has a presence across India with branch locations in major cities, and also operates internationally in countries like the UK, South Africa, and the UAE.
- The document provides
More from RADHIKA GUPTA (20)
NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING
NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING
NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING
NEW AGE FINANCIAL PRODUCTS & THEIR ROLE IN TRANSFORMING MODERN BANKING
Recently uploaded
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka➒➌➎➏➑➐➋➑➐➐Dpboss Matka Guessing Satta Matka Kalyan Chart Indian Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Indian Matka Indian satta Matka Dpboss Matka Kalyan Chart Matka Boss otg matka Guessing Satta Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
On episode 272 of the Digital and Social Media Sports Podcast, Neil chatted with Brian Fitzsimmons, Director of Licensing and Business Development for Barstool Sports.
What follows is a collection of snippets from the podcast. To hear the full interview and more, check out the podcast on all podcast platforms and at www.dsmsports.net
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Know what your zodiac sign says about your taste in food! Explore how the 12 zodiac signs influence your culinary preferences with insights from MyPandit. Dive into astrology and flavors!
Best Competitive Marble Pricing in Dubai - ☎ 9928909666
Stone Art Hub offers the best competitive Marble Pricing in Dubai, ensuring affordability without compromising quality. With a wide range of exquisite marble options to choose from, you can enhance your spaces with elegance and sophistication. For inquiries or orders, contact us at ☎ 9928909666. Experience luxury at unbeatable prices.
Industrial Tech SW: Category Renewal and Creation
Every industrial revolution has created a new set of categories and a new set of players.
Multiple new technologies have emerged, but Samsara and C3.ai are only two companies which have gone public so far.
Manufacturing startups constitute the largest pipeline share of unicorns and IPO candidates in the SF Bay Area, and software startups dominate in Germany.
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women Magazine
In this article, we will dive into the extraordinary life of Ellen Burstyn, where the curtains rise on a story that's far more attractive than any script.
The latest Heat Pump Manual from Newentide
𝐔𝐧𝐯𝐞𝐢𝐥 𝐭𝐡𝐞 𝐅𝐮𝐭𝐮𝐫𝐞 𝐨𝐟 𝐄𝐧𝐞𝐫𝐠𝐲 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐰𝐢𝐭𝐡 𝐍𝐄𝐖𝐍𝐓𝐈𝐃𝐄’𝐬 𝐋𝐚𝐭𝐞𝐬𝐭 𝐎𝐟𝐟𝐞𝐫𝐢𝐧𝐠𝐬
Explore the details in our newly released product manual, which showcases NEWNTIDE's advanced heat pump technologies. Delve into our energy-efficient and eco-friendly solutions tailored for diverse global markets.
Negotiation & Presentation Skills regarding steps in business communication, ...
Business Communication & presentation Skills, Negotiation Skills
2022 Vintage Roman Numerals Men Rings
Discover timeless style with the 2022 Vintage Roman Numerals Men's Ring. Crafted from premium stainless steel, this 6mm wide ring embodies elegance and durability. Perfect as a gift, it seamlessly blends classic Roman numeral detailing with modern sophistication, making it an ideal accessory for any occasion.
https://rb.gy/usj1a2
How HR Search Helps in Company Success.pdf
HR search is critical to a company's success because it ensures the correct people are in place. HR search integrates workforce capabilities with company goals by painstakingly identifying, screening, and employing qualified candidates, supporting innovation, productivity, and growth. Efficient talent acquisition improves teamwork while encouraging collaboration. Also, it reduces turnover, saves money, and ensures consistency. Furthermore, HR search discovers and develops leadership potential, resulting in a strong pipeline of future leaders. Finally, this strategic approach to recruitment enables businesses to respond to market changes, beat competitors, and achieve long-term success.
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
In a world where the potential of youth innovation remains vastly untouched, there emerges a guiding light in the form of Norm Goldstein, the Founder and CEO of EduNetwork Partners. His dedication to this cause has earned him recognition as a Congressional Leadership Award recipient.
Digital Marketing with a Focus on Sustainability
Digital Marketing best practices including influencer marketing, content creators, and omnichannel marketing for Sustainable Brands at the Sustainable Cosmetics Summit 2024 in New York
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
“After being the most listed dog breed in the United States for 31
years in a row, the Labrador Retriever has dropped to second place
in the American Kennel Club's annual survey of the country's most
popular canines. The French Bulldog is the new top dog in the
United States as of 2022. The stylish puppy has ascended the
rankings in rapid time despite having health concerns and limited
color choices.”
一比一原版(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证文凭如何办理
永久可查学历认证【微信：A575476】【(QMUE毕业证书)英国爱丁堡玛格丽特女王大学毕业证成绩单Offer】【微信：A575476】（留信学历认证永久存档查询）采用学校原版纸张、特殊工艺完全按照原版一比一制作（包括：隐形水印，阴影底纹，钢印LOGO烫金烫银，LOGO烫金烫银复合重叠，文字图案浮雕，激光镭射，紫外荧光，温感，复印防伪）行业标杆！精益求精，诚心合作，真诚制作！多年品质 ,按需精细制作，24小时接单,全套进口原装设备，十五年致力于帮助留学生解决难题，业务范围有加拿大、英国、澳洲、韩国、美国、新加坡，新西兰等学历材料，包您满意。
【业务选择办理准则】
一、工作未确定，回国需先给父母、亲戚朋友看下文凭的情况，办理一份就读学校的毕业证【微信：A575476】文凭即可
二、回国进私企、外企、自己做生意的情况，这些单位是不查询毕业证真伪的，而且国内没有渠道去查询国外文凭的真假，也不需要提供真实教育部认证。鉴于此，办理一份毕业证【微信：A575476】即可
三、进国企，银行，事业单位，考公务员等等，这些单位是必需要提供真实教育部认证的，办理教育部认证所需资料众多且烦琐，所有材料您都必须提供原件，我们凭借丰富的经验，快捷的绿色通道帮您快速整合材料，让您少走弯路。
留信网认证的作用:
1:该专业认证可证明留学生真实身份
2:同时对留学生所学专业登记给予评定
3:国家专业人才认证中心颁发入库证书
4:这个认证书并且可以归档倒地方
5:凡事获得留信网入网的信息将会逐步更新到个人身份内，将在公安局网内查询个人身份证信息后，同步读取人才网入库信息
6:个人职称评审加20分
7:个人信誉贷款加10分
8:在国家人才网主办的国家网络招聘大会中纳入资料，供国家高端企业选择人才
→ 【关于价格问题（保证一手价格）
我们所定的价格是非常合理的，而且我们现在做得单子大多数都是代理和回头客户介绍的所以一般现在有新的单子 我给客户的都是第一手的代理价格，因为我想坦诚对待大家 不想跟大家在价格方面浪费时间
对于老客户或者被老客户介绍过来的朋友，我们都会适当给一些优惠。
选择实体注册公司办理，更放心，更安全！我们的承诺：可来公司面谈，可签订合同，会陪同客户一起到教育部认证窗口递交认证材料，客户在教育部官方认证查询网站查询到认证通过结果后付款，不成功不收费！
Digital Transformation Frameworks: Driving Digital Excellence
[To download this presentation, visit:
https://www.oeconsulting.com.sg/training-presentations]
This presentation is a curated compilation of PowerPoint diagrams and templates designed to illustrate 20 different digital transformation frameworks and models. These frameworks are based on recent industry trends and best practices, ensuring that the content remains relevant and up-to-date.
Key highlights include Microsoft's Digital Transformation Framework, which focuses on driving innovation and efficiency, and McKinsey's Ten Guiding Principles, which provide strategic insights for successful digital transformation. Additionally, Forrester's framework emphasizes enhancing customer experiences and modernizing IT infrastructure, while IDC's MaturityScape helps assess and develop organizational digital maturity. MIT's framework explores cutting-edge strategies for achieving digital success.
These materials are perfect for enhancing your business or classroom presentations, offering visual aids to supplement your insights. Please note that while comprehensive, these slides are intended as supplementary resources and may not be complete for standalone instructional purposes.
Frameworks/Models included:
Microsoft’s Digital Transformation Framework
McKinsey’s Ten Guiding Principles of Digital Transformation
Forrester’s Digital Transformation Framework
IDC’s Digital Transformation MaturityScape
MIT’s Digital Transformation Framework
Gartner’s Digital Transformation Framework
Accenture’s Digital Strategy & Enterprise Frameworks
Deloitte’s Digital Industrial Transformation Framework
Capgemini’s Digital Transformation Framework
PwC’s Digital Transformation Framework
Cisco’s Digital Transformation Framework
Cognizant’s Digital Transformation Framework
DXC Technology’s Digital Transformation Framework
The BCG Strategy Palette
McKinsey’s Digital Transformation Framework
Digital Transformation Compass
Four Levels of Digital Maturity
Design Thinking Framework
Business Model Canvas
Customer Journey Map
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Explore the fascinating world of the Gemini Zodiac Sign. Discover the unique personality traits, key dates, and horoscope insights of Gemini individuals. Learn how their sociable, communicative nature and boundless curiosity make them the dynamic explorers of the zodiac. Dive into the duality of the Gemini sign and understand their intellectual and adventurous spirit.
Recently uploaded (20)
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Dpboss Matka Guessing Satta Matta Matka Kalyan Chart Satta Matka
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Registered-Establishment-List-in-Uttarakhand-pdf.pdf
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Brian Fitzsimmons on the Business Strategy and Content Flywheel of Barstool S...
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Zodiac Signs and Food Preferences_ What Your Sign Says About Your Taste
Best Competitive Marble Pricing in Dubai - ☎ 9928909666
Best Competitive Marble Pricing in Dubai - ☎ 9928909666
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women Magazine
Ellen Burstyn: From Detroit Dreamer to Hollywood Legend | CIO Women Magazine
Negotiation & Presentation Skills regarding steps in business communication, ...
Negotiation & Presentation Skills regarding steps in business communication, ...
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
The Most Inspiring Entrepreneurs to Follow in 2024.pdf
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
How are Lilac French Bulldogs Beauty Charming the World and Capturing Hearts....
Digital Transformation Frameworks: Driving Digital Excellence
Digital Transformation Frameworks: Driving Digital Excellence
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Unveiling the Dynamic Personalities, Key Dates, and Horoscope Insights: Gemin...
Innovations in financial service industry
- 1. PROJECT ON : “INNOVATIONS IN FINANCIAL SERVICE INDUSTRY : PENSION SECTOR” RADHIKA GUPTA 32 -MBA-14 SEMESTER - 3
- 2. INTRODUCTION • India has a diversified financial sector, which is undergoing rapid expansion. The sector comprises commercial banks, insurance companies, non-banking financial companies, co- operatives, pension funds, mutual funds and other smaller financial entities. • Government of India established Pension Fund Regulatory and Development Authority (PFRDA) to develop and regulate pension sector in the country.
- 3. INDIAN FINANCIAL SECTOR – THE WAY FORWARD • Market Size - Investment corpus in India’s pension sector is expected to cross US$ 1 trillion by 2025, following the passage of the Pension Fund Regulatory and Development Authority (PFRDA) Act 2013. • India serves as an example as to how services sector can play an important role in a country’s economic growth. India is now eager to open up the pensions sector also to foreign investors.
- 4. • Financial services in India still remain largely under- penetrated and there lies the opportunity for high growth. • Low penetration in the pension market makes it a lucrative business segment. • India also offers a once in a lifetime opportunity for PE funds to invest in the infrastructure asset class across the board ranging from core sectors such as power, roads, transport to social asset classes such as healthcare, education, environment.
- 5. NATIONAL PENSION SYSTEM • To provide social security to more citizens the Government of India has started the National Pension System. • The National Pension System (NPS) was launched with the objective of providing retirement income to all the citizens. • NPS aims to institute pension reforms and to inculcate the habit of saving for retirement amongst the citizens. • NPS has been provided for all citizens of the country including the unorganised sector workers on voluntary basis.
- 6. 'SWAVALAMBAN SCHEME’ • To encourage people from the unorganised sector to voluntarily save for their retirement the Central Government launched a co-contributory pension scheme, 'Swavalamban Scheme’ in the Union Budget of 2010-11. • In this scheme ,the government will contribute a sum of Rs.1,000 to each eligible NPS subscriber who contributes a minimum of Rs.1,000 and maximum Rs.12,000 per annum. This scheme is presently applicable upto F.Y.2016-17.
- 7. TO INVEST INDIA MICRO PENSION SERVICES • IIMPS educates, encourages and enables low income informal sector workers to accumulate micro-savings for their old age in a secure, convenient, affordable and well regulated environment using its scalable and sustainable Micro Pension model. • IIMPS-NABARD Rural Micro-Pension Initiative- This joint initiative is field-testing innovative strategies and secure micro-payment solutions to encourage and enable SHG members in 8 districts of 4 States to save for their old age.
- 8. • Micro Pension Prepaid Card - Most IIMPS clients do not have a bank account. Such clients now use their "Micro Pension Prepaid Card" for cashless transfer of micro-savings directly to regulated product providers • CCTs Linked to Retirement Savings by the Poor- The Viswakarma Scheme (2008) of the Rajasthan Government has demonstrated that pension co-contributions by the State can motivate voluntary enrolments and retirement savings discipline among low income informal sector workers.
- 9. • Ujjivan and IIMPS launch Micro-Pension scheme for women- Ujjivan, one of India’s leading microfinance institutions in partnership with IIMPS (Invest India Micro- Pension Services) launched two micro-pension products for over 10 lakh urban poor women across India. • Pensions for Overseas Migrant Workers - Ministry of Overseas Indian Affairs has launched a new co-contributions based scheme that will encourage 5 million overseas Indian workers to voluntarily save for their return and resettlement and old age.
- 10. • Retirement Literacy - An innovative pension and savings literacy toolkit has been developed with NABARD to inform and educate low income informal sector workers about pensions, savings and insurance concepts and products. • Regional Cooperation on Pension Inclusion- ADB and IIMPS have developed an institutional mechanism for regional cooperation within South Asia on pension policy design and implementation strategies targeting the working poor.
- 11. PENSION SECTOR REFORMS IN INDIA Proposed System: Dr. S.A.Dave observed that a regular savings of Rs.3 to Rs.5 per day throughout the working life can rescue an individual from old age poverty, if those funds are invested wisely. He correctly recommended about the future pension system on the basis of the Individual Retirement Accounts (IRA) in the project OASIS report. Here, one is required to hold only one account,irrespective of the number of job changes. The new system consists of the following: • Points Of Presence (POPs): The place from where one can open the IRA as soon as he starts his working life in any post office or in any bank. All the POPs should be equipped with information technology and telecommunication facilities so that one can access the account from any part of India at any given point of time.
- 12. • Depository Participants (DPs): They should be responsible for the centralized record keeping and the individual database management, on being connected with each POP through the centralized depository like NSDL. Lastly DPs should transfer the funds and convey the individual preferences to the respective Fund Managers. • Pension Fund Managers (PFMs): The total amount of pension corpus is to be handed over to the PFMs who will be responsible to manage the funds as per the preference of each account holder. Moreover, the account holder should have total flexibility to choose the PFM and the DP.