The document proposes a universal social security system for India's informal sector workers. It involves setting up registration mechanisms at the block level to enroll workers using smart cards. These cards would provide access to existing schemes like health insurance (RSBY) and life insurance (AABY) as well as proposed new schemes for maternity benefits, employment injury, etc. The system would be monitored by grievance redressal offices at the district and state levels to address issues. It aims to eventually unify existing fragmented schemes and mobilize informal workers into organized sectors through skills training.
The document proposes solutions to address the lack of social welfare and protections for informal sector workers in India. It suggests establishing organizations at the central, state, and district levels to coordinate efforts to provide financial support through loans and insurance, improve access to education and healthcare, ensure adequate wages, and collect funds from workers, private firms, and the government to support the proposed programs. The solutions aim to improve living standards and working conditions for the large informal workforce in India through coordinated action across multiple levels of government and society.
This document summarizes financing data from the Citizens Economic Empowerment Commission of Zambia. It provides statistics on financing approvals and disbursements by category, economic sector, and province. It also describes several financing products targeting specific groups, including markets, youth, persons with disabilities, and people living with HIV/AIDS.
First customer services forum 9th april 2009Wezi Ndhlovu
The document discusses citizens economic empowerment in Zambia. It provides background on the rationale and historical efforts to empower citizens economically through policies like nationalization in the 1960s-1970s and privatization in the 1990s. These efforts did not achieve their goals. In 2006, the Citizens Economic Empowerment Act was passed to promote targeted citizens' ownership, management and access to finance, land, procurement opportunities, and skills development through a new Citizens Economic Empowerment Commission. The document outlines the pillars, policy instruments, role of the Commission, challenges, and role of government in facilitating citizens economic empowerment in Zambia.
This document discusses alternative social protection mechanisms for India's large unorganized sector. It analyzes the demographics of formal and informal employment in India. Existing social security schemes mainly cover only 8% of the workforce in the organized sector. It recommends a national social security policy and authority to oversee three categories of workers: 1) formal sector, 2) below poverty line, 3) informal/self-employed. Specific recommendations include reforms to existing schemes, streamlining social assistance, and a contributory national pension scheme for the large informal sector workforce.
This document summarizes a presentation given on citizens economic empowerment in Zambia. It discusses how previous empowerment programs since independence had limited success, leading to the creation of the Citizens Economic Empowerment Commission and Act in 2005 and 2006. The presentation outlines the pillars of empowerment including equity ownership, skills development, access to finance, and preferential procurement. It acknowledges challenges in implementation and outlines plans to further develop empowerment products, simplify the application process, and promote land titling to support empowerment going forward. Chiefs are recognized as important champions for their subjects' economic empowerment.
Feb2018_Posiview Note: SRA For Affordable HousingVinit Deo
The document proposes policy solutions to promote affordable housing through slum rehabilitation schemes in India. It suggests establishing a national policy for slum rehabilitation that incentivizes states to adopt uniform policies. A key proposal is to create a single-window authority to streamline approvals for slum rehabilitation projects. Standardizing processes could accelerate projects and attract more private developers. The policy aims to generate affordable housing while revitalizing cities by redeveloping slums.
The document proposes a universal social security system for India's informal sector workers. It involves setting up registration mechanisms at the block level to enroll workers using smart cards. These cards would provide access to existing schemes like health insurance (RSBY) and life insurance (AABY) as well as proposed new schemes for maternity benefits, employment injury, etc. The system would be monitored by grievance redressal offices at the district and state levels to address issues. It aims to eventually unify existing fragmented schemes and mobilize informal workers into organized sectors through skills training.
The document proposes solutions to address the lack of social welfare and protections for informal sector workers in India. It suggests establishing organizations at the central, state, and district levels to coordinate efforts to provide financial support through loans and insurance, improve access to education and healthcare, ensure adequate wages, and collect funds from workers, private firms, and the government to support the proposed programs. The solutions aim to improve living standards and working conditions for the large informal workforce in India through coordinated action across multiple levels of government and society.
This document summarizes financing data from the Citizens Economic Empowerment Commission of Zambia. It provides statistics on financing approvals and disbursements by category, economic sector, and province. It also describes several financing products targeting specific groups, including markets, youth, persons with disabilities, and people living with HIV/AIDS.
First customer services forum 9th april 2009Wezi Ndhlovu
The document discusses citizens economic empowerment in Zambia. It provides background on the rationale and historical efforts to empower citizens economically through policies like nationalization in the 1960s-1970s and privatization in the 1990s. These efforts did not achieve their goals. In 2006, the Citizens Economic Empowerment Act was passed to promote targeted citizens' ownership, management and access to finance, land, procurement opportunities, and skills development through a new Citizens Economic Empowerment Commission. The document outlines the pillars, policy instruments, role of the Commission, challenges, and role of government in facilitating citizens economic empowerment in Zambia.
This document discusses alternative social protection mechanisms for India's large unorganized sector. It analyzes the demographics of formal and informal employment in India. Existing social security schemes mainly cover only 8% of the workforce in the organized sector. It recommends a national social security policy and authority to oversee three categories of workers: 1) formal sector, 2) below poverty line, 3) informal/self-employed. Specific recommendations include reforms to existing schemes, streamlining social assistance, and a contributory national pension scheme for the large informal sector workforce.
This document summarizes a presentation given on citizens economic empowerment in Zambia. It discusses how previous empowerment programs since independence had limited success, leading to the creation of the Citizens Economic Empowerment Commission and Act in 2005 and 2006. The presentation outlines the pillars of empowerment including equity ownership, skills development, access to finance, and preferential procurement. It acknowledges challenges in implementation and outlines plans to further develop empowerment products, simplify the application process, and promote land titling to support empowerment going forward. Chiefs are recognized as important champions for their subjects' economic empowerment.
Feb2018_Posiview Note: SRA For Affordable HousingVinit Deo
The document proposes policy solutions to promote affordable housing through slum rehabilitation schemes in India. It suggests establishing a national policy for slum rehabilitation that incentivizes states to adopt uniform policies. A key proposal is to create a single-window authority to streamline approvals for slum rehabilitation projects. Standardizing processes could accelerate projects and attract more private developers. The policy aims to generate affordable housing while revitalizing cities by redeveloping slums.
The document proposes solutions to empower women and ensure their safety in India. It suggests improving moral values through education by adding chapters on gender equality to school curriculums and screening documentaries promoting women's rights. It also proposes encouraging women's participation in politics, self-help groups for entrepreneurship, and setting up small industries in geographical indication regions to boost the economy and self-reliance of women. Monitoring mechanisms, advantages, and challenges of the solutions are discussed.
The document summarizes opportunities for startups in the Union Budget 2021-2022 across several sectors such as agriculture, food, waste management, clean energy, infrastructure, governance, education, fintech, and research & development. Key highlights include increased funding for agriculture infrastructure, micro-irrigation, operation green scheme, solar energy, rail safety, metro projects, digital education, fintech initiatives, and a new national research foundation. The budget aims to promote sectors that will drive growth like clean energy and focus on initiatives like digital census and education reform. It provides a positive outlook for startups in these focused areas.
Summary of Budget 2016 presented in slide format for grassroots briefing
View the website version here: http://www.singaporebudget.gov.sg/budget_2016/BudgetMeasures.aspx
Shared Prosperity through Strategic Community Investment: An IFC perspective ...Cairn India Limited
The document discusses IFC's perspective on strategic community investment to promote shared prosperity. IFC is the private sector arm of the World Bank Group and aims to reduce poverty through private sector development. The document outlines IFC's approach to strategic community investment, which involves voluntary contributions by companies to help communities address development priorities in a way that also supports business objectives. It provides examples of effective community investment programs and tools used by IFC to evaluate programs and their financial and social impacts, including a financial valuation tool and geomapping tool. The document concludes with good practice principles for strategic community investment.
Expanding insurance coverage to informal sector populations: Experience from ...Dr Lendy Spires
This document discusses Korea's experience expanding health insurance coverage to its informal sector population. It describes how Korea implemented pilot programs in the 1980s to test different contribution collection methods from self-employed households. These pilots formed the basis for Korea's national health insurance program, which has achieved near universal coverage. The program calculates contributions based on estimated income levels. While collection rates are high, estimating incomes of the self-employed remains an ongoing challenge. The program is now mainly financed through contributions, with some government subsidies.
The document proposes a solution to organize and provide social welfare to India's large unorganized workforce. It suggests creating an independent organization called "Sangathan" comprising volunteers and representatives from unions, cooperatives, etc. Sangathan would identify priority informal sectors, encourage workers to join unions/cooperatives, ensure workers receive government benefits, and conduct performance evaluations. A digital database would be created linking informal workers to unique IDs. Local organizations would be linked to welfare policies and funds. Challenges include initial funding, establishing guidelines for local bodies, potential employer resistance, and gaining recognition for Sangathan.
The document analyzes Nigeria's 2013 education sector budget, finding that while the budget has increased nominally in recent years, most funding goes to staff salaries and celebrations rather than capital projects, and agencies supporting disadvantaged groups receive inadequate funding. It recommends reducing allocations for celebrations and allowances to free up funds for improving infrastructure, equipping schools with IT, and properly funding universities.
Opportunities for Startups in Union Budget 2022Vinit Deo
Posiview Ventures along with Centre for Innovation Incubation and Enterprise(CIIE), SPPU (Pune University) is glad to present its
Knowledge Capsule on Union Budget 22-23 : Opportunities for Start-ups.
We hope you find it useful.
Dr. Apoorva Palkar
Director - Innovation, Incubation & Linkages
Savitribai Phule Pune University
CA Vinit Deo
CA Prajakta Shetye-Deo
Posiview Ventures
mdoffice@posiview.in
#sppu #ciie #posiviewventures #languageofgrowth #budget22 #startups #innovation #startupindia #venturecapital
Economic empowerment beyond access to finance.Wezi Ndhlovu
The document discusses economic empowerment in Zambia beyond access to finance. It outlines the historical background of empowerment policies and the establishment of the Citizens Economic Empowerment Act and Commission. The Act aims to promote meaningful participation of citizens in the economy through nine pillars of empowerment: equity/ownership, procurement, skills development, access to finance, corporate social responsibility, governance, investments, foreign direct investment, and sustainability. The Commission coordinates empowerment programs and ensures participation through various policy instruments, partnerships, and by establishing the Citizens Economic Empowerment Fund to support broad-based economic empowerment.
Friends of BJP - Manifesto Inputs to BJPrajeshjain
The document provides policy inputs and recommendations for the BJP party agenda and manifesto from an organization called "Friends of BJP". It touches on key issues of governance and administrative reforms, economy and business, social issues, national security, and foreign policy. Specific recommendations are provided around reducing corruption, improving education and healthcare, boosting the economy through reforms and infrastructure development, dealing with security threats internally and from neighbors, and positioning India as a global power.
The Workforce Innovation and Opportunity Act (WIOA) replaces the Workforce Investment Act of 1998 and aims to improve the nation's public workforce system. Key provisions of WIOA include requiring at least 75% of youth funds be spent on out-of-school youth, 20% be spent on work experiences, establishing new performance measures, and selecting youth providers through competitive processes with exceptions for rural areas. States must submit plans describing their strategies for implementing WIOA's vision.
PM Jan-Dhan Yojana - Implementation in Mission Mod (Part-6)Resurgent India
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.
Investor Sentiments & Emergence of Tier II City - Pune as a Startup DestinationVinit Deo
Report on trends in funding to startups during the period 2014 to 2021 prepared by Centre for Innovation, Incubation & Enterprise, Savitribai Phule Pune University in association with Posiview Ventures.
Authors: Dr Apurva Palkar, CA Vinit Deo, CA Prajakta Shetye-Deo
Indian SME Development Programs - ADDVALUE Lean Manufaturning ConsultantsADD VALUE CONSULTING Inc
The Government of India (GOI) has initiated the SEVERAL programs in SME sectors to enhance Productivity and Quality. Get Cluster Development Program for Enhancing Productivity. Improve the product quality of the MSE (Micro and Small Enterprise) sector.
Presentation will cover: Introduction to AFI and AFI Network’s experience of Financial Inclusion Strategies; What are the global trends in Financial Inclusion Strategy Formulation & Implementation?; What lessons and conclusions can we draw from the current practices?
This document discusses strategies to improve sanitation in India. It begins by highlighting the negative health and social impacts of poor sanitation. It then analyzes causes of ineffective sanitation efforts, including lack of awareness, behavioral issues, supply chain problems, weak monitoring, lack of political will, and corruption. The document proposes three specialized solutions: 1) a community-integrated sanitation management system to empower local communities, 2) marketing sanitation to private enterprises to boost supply, and 3) a GPS-based monitoring system using fingerprint validation and centralized data to increase transparency and accountability.
Appendix 5 - ASC MSP Value Proposition Model 081210Julian Ingram
The document provides an overview of the current state of adult social care in the UK and a proposed future operating model to transform the sector. Currently, local authorities directly purchase social care services, limiting choice and innovation. The proposed model would create a free market by removing barriers to entry, increasing competition and giving citizens more control over their care. This is expected to provide supply chain leverage, decrease prices, and enhance services while giving citizens more choice.
Innovations in financial service industryRADHIKA GUPTA
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.
The Government Employees Provident Fund in Tanzania launched the Voluntary Savings Retirement Scheme to expand social security coverage beyond the 6% of the labor force covered under existing programs. The scheme allows flexible, voluntary contributions from informal workers through various payment methods. Over 6,500 members had enrolled by mid-2011, contributing over $232,000. Evaluations found high enrollment but challenges with savings habits and collection infrastructure in remote areas. Lessons from the innovative approach could help other social security programs expand coverage to informal sectors.
The document proposes solutions to empower women and ensure their safety in India. It suggests improving moral values through education by adding chapters on gender equality to school curriculums and screening documentaries promoting women's rights. It also proposes encouraging women's participation in politics, self-help groups for entrepreneurship, and setting up small industries in geographical indication regions to boost the economy and self-reliance of women. Monitoring mechanisms, advantages, and challenges of the solutions are discussed.
The document summarizes opportunities for startups in the Union Budget 2021-2022 across several sectors such as agriculture, food, waste management, clean energy, infrastructure, governance, education, fintech, and research & development. Key highlights include increased funding for agriculture infrastructure, micro-irrigation, operation green scheme, solar energy, rail safety, metro projects, digital education, fintech initiatives, and a new national research foundation. The budget aims to promote sectors that will drive growth like clean energy and focus on initiatives like digital census and education reform. It provides a positive outlook for startups in these focused areas.
Summary of Budget 2016 presented in slide format for grassroots briefing
View the website version here: http://www.singaporebudget.gov.sg/budget_2016/BudgetMeasures.aspx
Shared Prosperity through Strategic Community Investment: An IFC perspective ...Cairn India Limited
The document discusses IFC's perspective on strategic community investment to promote shared prosperity. IFC is the private sector arm of the World Bank Group and aims to reduce poverty through private sector development. The document outlines IFC's approach to strategic community investment, which involves voluntary contributions by companies to help communities address development priorities in a way that also supports business objectives. It provides examples of effective community investment programs and tools used by IFC to evaluate programs and their financial and social impacts, including a financial valuation tool and geomapping tool. The document concludes with good practice principles for strategic community investment.
Expanding insurance coverage to informal sector populations: Experience from ...Dr Lendy Spires
This document discusses Korea's experience expanding health insurance coverage to its informal sector population. It describes how Korea implemented pilot programs in the 1980s to test different contribution collection methods from self-employed households. These pilots formed the basis for Korea's national health insurance program, which has achieved near universal coverage. The program calculates contributions based on estimated income levels. While collection rates are high, estimating incomes of the self-employed remains an ongoing challenge. The program is now mainly financed through contributions, with some government subsidies.
The document proposes a solution to organize and provide social welfare to India's large unorganized workforce. It suggests creating an independent organization called "Sangathan" comprising volunteers and representatives from unions, cooperatives, etc. Sangathan would identify priority informal sectors, encourage workers to join unions/cooperatives, ensure workers receive government benefits, and conduct performance evaluations. A digital database would be created linking informal workers to unique IDs. Local organizations would be linked to welfare policies and funds. Challenges include initial funding, establishing guidelines for local bodies, potential employer resistance, and gaining recognition for Sangathan.
The document analyzes Nigeria's 2013 education sector budget, finding that while the budget has increased nominally in recent years, most funding goes to staff salaries and celebrations rather than capital projects, and agencies supporting disadvantaged groups receive inadequate funding. It recommends reducing allocations for celebrations and allowances to free up funds for improving infrastructure, equipping schools with IT, and properly funding universities.
Opportunities for Startups in Union Budget 2022Vinit Deo
Posiview Ventures along with Centre for Innovation Incubation and Enterprise(CIIE), SPPU (Pune University) is glad to present its
Knowledge Capsule on Union Budget 22-23 : Opportunities for Start-ups.
We hope you find it useful.
Dr. Apoorva Palkar
Director - Innovation, Incubation & Linkages
Savitribai Phule Pune University
CA Vinit Deo
CA Prajakta Shetye-Deo
Posiview Ventures
mdoffice@posiview.in
#sppu #ciie #posiviewventures #languageofgrowth #budget22 #startups #innovation #startupindia #venturecapital
Economic empowerment beyond access to finance.Wezi Ndhlovu
The document discusses economic empowerment in Zambia beyond access to finance. It outlines the historical background of empowerment policies and the establishment of the Citizens Economic Empowerment Act and Commission. The Act aims to promote meaningful participation of citizens in the economy through nine pillars of empowerment: equity/ownership, procurement, skills development, access to finance, corporate social responsibility, governance, investments, foreign direct investment, and sustainability. The Commission coordinates empowerment programs and ensures participation through various policy instruments, partnerships, and by establishing the Citizens Economic Empowerment Fund to support broad-based economic empowerment.
Friends of BJP - Manifesto Inputs to BJPrajeshjain
The document provides policy inputs and recommendations for the BJP party agenda and manifesto from an organization called "Friends of BJP". It touches on key issues of governance and administrative reforms, economy and business, social issues, national security, and foreign policy. Specific recommendations are provided around reducing corruption, improving education and healthcare, boosting the economy through reforms and infrastructure development, dealing with security threats internally and from neighbors, and positioning India as a global power.
The Workforce Innovation and Opportunity Act (WIOA) replaces the Workforce Investment Act of 1998 and aims to improve the nation's public workforce system. Key provisions of WIOA include requiring at least 75% of youth funds be spent on out-of-school youth, 20% be spent on work experiences, establishing new performance measures, and selecting youth providers through competitive processes with exceptions for rural areas. States must submit plans describing their strategies for implementing WIOA's vision.
PM Jan-Dhan Yojana - Implementation in Mission Mod (Part-6)Resurgent India
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.
Investor Sentiments & Emergence of Tier II City - Pune as a Startup DestinationVinit Deo
Report on trends in funding to startups during the period 2014 to 2021 prepared by Centre for Innovation, Incubation & Enterprise, Savitribai Phule Pune University in association with Posiview Ventures.
Authors: Dr Apurva Palkar, CA Vinit Deo, CA Prajakta Shetye-Deo
Indian SME Development Programs - ADDVALUE Lean Manufaturning ConsultantsADD VALUE CONSULTING Inc
The Government of India (GOI) has initiated the SEVERAL programs in SME sectors to enhance Productivity and Quality. Get Cluster Development Program for Enhancing Productivity. Improve the product quality of the MSE (Micro and Small Enterprise) sector.
Presentation will cover: Introduction to AFI and AFI Network’s experience of Financial Inclusion Strategies; What are the global trends in Financial Inclusion Strategy Formulation & Implementation?; What lessons and conclusions can we draw from the current practices?
This document discusses strategies to improve sanitation in India. It begins by highlighting the negative health and social impacts of poor sanitation. It then analyzes causes of ineffective sanitation efforts, including lack of awareness, behavioral issues, supply chain problems, weak monitoring, lack of political will, and corruption. The document proposes three specialized solutions: 1) a community-integrated sanitation management system to empower local communities, 2) marketing sanitation to private enterprises to boost supply, and 3) a GPS-based monitoring system using fingerprint validation and centralized data to increase transparency and accountability.
Appendix 5 - ASC MSP Value Proposition Model 081210Julian Ingram
The document provides an overview of the current state of adult social care in the UK and a proposed future operating model to transform the sector. Currently, local authorities directly purchase social care services, limiting choice and innovation. The proposed model would create a free market by removing barriers to entry, increasing competition and giving citizens more control over their care. This is expected to provide supply chain leverage, decrease prices, and enhance services while giving citizens more choice.
Innovations in financial service industryRADHIKA GUPTA
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.
The Government Employees Provident Fund in Tanzania launched the Voluntary Savings Retirement Scheme to expand social security coverage beyond the 6% of the labor force covered under existing programs. The scheme allows flexible, voluntary contributions from informal workers through various payment methods. Over 6,500 members had enrolled by mid-2011, contributing over $232,000. Evaluations found high enrollment but challenges with savings habits and collection infrastructure in remote areas. Lessons from the innovative approach could help other social security programs expand coverage to informal sectors.
The document proposes a solution to better organize and provide social welfare to India's large unorganized workforce. It suggests establishing an independent organization called Sangathan in each district/region. Sangathan would identify priority informal sectors, encourage workers to join unions/cooperatives, resolve disputes, ensure workers receive government benefits, and conduct periodic evaluations. A digital database linking informal workers to unique IDs would be created. Local organizations would be linked to welfare policies and accountable for benefit distribution and reporting. Challenges include adequate funding, addressing existing parallel policies, and establishing formal guidelines for local organizations.
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.
GENERATING JOBS IN TUNISIA: BEST PRACTICES AND AN APPROACH INTEGRATING ISLAMI...Mahmoud Sami Nabi
This document discusses using Islamic microfinance and cooperatives to create jobs in Tunisia. It outlines high unemployment rates in the region and in Tunisia specifically. Microfinance has been shown to play a role in job creation by providing financing to small and micro-enterprises that would otherwise not have access to funds. Islamic microfinance models that incorporate risk sharing and partnership have greater potential to support entrepreneurship and employment. The document proposes revising Tunisia's employment program to link it with Islamic microfinance provided by the Tunisian Bank of Solidarity.
Innovations in financial services industryRADHIKA GUPTA
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.
The document summarizes key points from a discussion on social protection in India. It identifies several challenges: 1) social protection schemes are complex and difficult for the poor to access; 2) public health expenditure is low; and 3) migrant populations lack rights. It recommends: 1) increasing political will for gender-sensitive policies; 2) raising health spending; 3) simplifying schemes; and 4) recognizing women's dual roles and migrants' rights. Advanced technology, decentralization, and convergence of related schemes could also help strengthen social protection.
This document outlines recent ILO research and technical cooperation projects related to employer engagement in skills development and skills utilization. It discusses ILO work in several areas: national skills policies and systems with industry involvement; sectoral approaches to skills development; strengthening formal and informal apprenticeship systems; financing skills training through levies; and developing skills ecosystems through collaboration. Examples of successful ILO technical cooperation projects are provided from countries such as Bangladesh, Turkey, Niger, and India. Key factors for effective employer engagement are coordination across stakeholders and giving industry a meaningful role with adequate funding or income opportunities.
The document summarizes key findings from an ILO/WB database and report on policy responses to the 2008 financial crisis. The database collected information from 77 countries on measures in areas like macroeconomic policies, labor demand creation, unemployment benefits, and social dialogue. It found that while countries tailored responses to domestic circumstances, lower-income countries emphasized job creation through public works and infrastructure spending, while higher-income countries relied more on tax cuts. Most countries expanded social protection programs. The report concludes countries generally complied with international labor standards and increased social dialogue, though vigilance is still needed.
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
The document discusses cash transfer programs, which provide cash payments to poor households on the condition that they invest in their children's health and education. It outlines the goals of the Millennium Development Goals in reducing poverty. It describes different types of cash transfers, including conditional and unconditional programs, and provides examples of cash transfer programs internationally and in India. It discusses both the advantages of cash transfers in reducing leakage and corruption, as well as challenges around ensuring access to banks and ATMs in rural areas, matching market prices, and fully implementing identification systems.
Micro-Finance has huge potential to increase Financial Inclusion. This presentation covers the Basics of Micro-finance, its usefulness in improving Financial inclusion and problems the sector faced in the past.
This document proposes a medical and life insurance scheme for informal sector workers, especially rag pickers, to provide them social security and welfare protections. It notes that over 92% of India's workforce is employed informally without job or social security benefits. The proposed scheme would provide low-cost insurance covering occupational diseases through a biometric-enabled smart card distributed by post offices. Hospitals would be empaneled for cashless treatment access. Key stakeholders like municipal corporations, insurance companies, and healthcare providers are identified along with their roles. Implementation would require initial funding and establishing state nodal agencies to facilitate monitoring and address issues.
Financial inclusion aims to ensure access to affordable financial services for vulnerable groups like low-income individuals. It involves access to products like bank accounts, credit, insurance, remittances, and financial advice. The document outlines steps taken in India to promote financial inclusion, such as cooperative banking, nationalizing banks, and microfinance institutions. However, lack of technology, literacy, and appropriate business models have hindered progress. Recent efforts by the government and RBI, including no-frills accounts, business correspondent models, and financial literacy programs, aim to leverage technology and collaboration to make the poor bankable and further the goal of inclusive growth.
This document provides an overview and summary of a research project examining the implications of technology on financial inclusion in India. The project studied various models using technology for financial inclusion, including business correspondent models, mobile wallets, and joint liability group models. Key findings include that while regulations and infrastructure exist, the process of financial inclusion is not accelerating as expected. Sustainability and education are major challenges. The study aims to understand how these technological models work and can be applied in the microfinance sector to increase reach and lower costs of financial services for underserved populations.
Application of management policies in the processing of member claims in the ...fredrickaila
This document summarizes a study that examined the application of management policies in processing member claims at the National Social Security Fund (NSSF) branch in Nakuru, Kenya. The study collected data through questionnaires administered to 40 NSSF employees and 30 retirees. It found that employees were generally familiar with NSSF's management policies. Through factor analysis, it identified several key policies applied, including customer service, change management, human resource development, and information technology. The document recommends strengthening policies that were applied to a lesser extent, such as information technology, human resource development and change management.
Enhancing Industry-Driven Skills Development Nov 2023.pptxSolomonkiplimo
This presentation discusses enhancing skills development for youth employability in Kenya through technical and vocational education and training (TVET). It addresses the development of TVET in Kenya, the legal framework, skills mismatches, challenges of reintroducing the dual vocational training system, and ways forward. Specifically, it summarizes the history of TVET development in Kenya since independence, outlines the current legal framework including the TVET Act and authorities, and analyzes the demise of Kenya's previous dual training system and challenges of reintroducing it at a large scale today.
Cash transfers are programs that transfer cash to poor households on the condition that they invest in their children's education and health. Many developing countries have implemented conditional and unconditional cash transfer programs to help reduce poverty and achieve the Millennium Development Goals. India has introduced a direct cash transfer program that faces challenges in ensuring all eligible households have bank accounts and access to make withdrawals given limited bank branch coverage in rural areas. Effective implementation will also require issuing Aadhaar numbers to all and developing an evaluation system to assess the program's impacts.
Similar to Extending pension coverage to informal sector and self employed in Rwanda (20)
Executive Directors Chat Leveraging AI for Diversity, Equity, and InclusionTechSoup
Let’s explore the intersection of technology and equity in the final session of our DEI series. Discover how AI tools, like ChatGPT, can be used to support and enhance your nonprofit's DEI initiatives. Participants will gain insights into practical AI applications and get tips for leveraging technology to advance their DEI goals.
LAND USE LAND COVER AND NDVI OF MIRZAPUR DISTRICT, UPRAHUL
This Dissertation explores the particular circumstances of Mirzapur, a region located in the
core of India. Mirzapur, with its varied terrains and abundant biodiversity, offers an optimal
environment for investigating the changes in vegetation cover dynamics. Our study utilizes
advanced technologies such as GIS (Geographic Information Systems) and Remote sensing to
analyze the transformations that have taken place over the course of a decade.
The complex relationship between human activities and the environment has been the focus
of extensive research and worry. As the global community grapples with swift urbanization,
population expansion, and economic progress, the effects on natural ecosystems are becoming
more evident. A crucial element of this impact is the alteration of vegetation cover, which plays a
significant role in maintaining the ecological equilibrium of our planet.Land serves as the foundation for all human activities and provides the necessary materials for
these activities. As the most crucial natural resource, its utilization by humans results in different
'Land uses,' which are determined by both human activities and the physical characteristics of the
land.
The utilization of land is impacted by human needs and environmental factors. In countries
like India, rapid population growth and the emphasis on extensive resource exploitation can lead
to significant land degradation, adversely affecting the region's land cover.
Therefore, human intervention has significantly influenced land use patterns over many
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Changes in vegetation cover refer to variations in the distribution, composition, and overall
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Tags: Information Security, ISO/IEC 27001, ISO/IEC 42001, Artificial Intelligence, GDPR
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Extending pension coverage to informal sector and self employed in Rwanda
1. Assessment of the
feasibility to extend the
pension scheme coverage
to self employed and
workers from informal
sector in Rwanda
Master`s thesis in Social Protection
Financing at University of Mauritius
Presented by JEAN D’AMOUR
NTIBITURA
Mauritius, June 2013
3. Sub-questions and methodology
Sub-questions
•
•
•
•
What is the relationship of informal sector size and coverage rate?
What are the achievements and challenges in extending coverage
in Rwanda?
What are the strategies used to extend coverage in some
countries?
What are the feasible strategies can be implemented in Rwanda?
Methodology
•
Review of available data from RSSB, National
Statistics Institute of Rwanda and online data
• Online survey for RSSB Staff members(136),
and randomised survey for a sample of 165
moto taxi drivers operating in three districts
4. Informal Sector and pension
scheme in Rwanda
Informal sector size
•
•
•
•
Informal sector is employing more than 92% (EICV3, 2010)
62% of labour force are independent farmers
While the pension coverage was around 7-8%
The total population who are not covered are working in
informal sector
Pension scheme in Rwanda
•
•
Pension scheme in Rwanda is contributory defined benefits
It was inherited from the belgian colonial regime
•
•
The pension law was established in 1957, then
revised and amended in 1962, 1974 and 2003
In 2009 the social security policy for all workers
was adopted by Government
5. Achievements in extending
coverage
In Rwanda
•
•
•
Regular and organized sensitization
sessions in every district
Automatic registration of employers in
pension scheme
Working in partnerships with key
institutions dealing with informal sector
Increment of more than 7%
per year from 2010/2011 for
contributors
Challenges for informal sector
• Irregularity of income which is which is a major obstacle in ensuring
sustainability of resources
• The most informal economy workers work in
agriculture
• the design of the scheme is not responsive to the
priority needs of informal sector workers
6. International experiences in
extending coverage to informal
sector
•
•
•
•
•
Moving towards universal coverage from the regulation ( China
adopted social insurance law to provide “social security for all” by 2020
Compulsory coverage to self-employed workers ( in 1998, the South
Korea has made the participation of self-employed workers in defined
contributory pension scheme an obligation)
Extending coverage by relaxing the eligibility criteria of existing
schemes (In China registered 60 % of increment of contributors from 2005
to 2011 after lowering the contribution rate for self-employed workers )
Providing monetary incentives to participate ( By 1980s pension reform
in Chile, all contributions and investment income treated as tax free)
Utilizing existing (non-pension) financial sector institutions
(In 2000, the Grameen Bank started to offer a product for
old-age protection . Under this scheme, all borrowers in the
Grameen Bank are required to deposit a minimum of 50 taka
each month in a personal pension savings account)
7. Feasible strategies to extend
coverage to informal sector and
self employed in Rwanda
Pension scheme designing strategies
• Mandatory adhesion for all workers above the poverty line
Affordability? At least 55% of workers may afford to pay a contribution in
pension scheme ( poverty rate was 44,9% in 2011)
Why mandatory? The myopia phenomena was observed in responses given
in the survey by RSSB staff, where the majority(63%) of respondents chose to
contribute at very low percentage(3-6%) of their brut salary assuming that the
adhesion is voluntary.
• Pension scheme for formal independent workers (Registered in RRA)
91,7% of 116,417 establishments operating in
Rwanda were registered with RRA, are not covered
In Chile, from 1981 participation of independent
workers in pension scheme is mandatory
8. Feasible strategies to extend
coverage to informal sector and
self employed in Rwanda
Pension scheme designing strategies cont’d
• Cooperative members pension scheme
At least 6635 cooperatives registered with Rwanda Cooperative Agency were
operating as formal establishments in 2010
Based on experience of Bangladesh with Grameen bank, and Israel with Moshav; it
is feasible to design a pension scheme for cooperatives members
Matching the contributions , e.g., a matching of 2 US dollars per month for every
contribution of at least 4 US dollars per month can cost 0,03% of GDP
• Pension scheme for informal sector workers
e.g., in 2009 Kenya launched the Mbao Pension Scheme for the informal sector
Incentives: pre-retirements benefits like education facilities
and acquisition of houses, etc…
38,8 % of taxi moto drivers prefer saving for school fees ,
against 7,3% for the retirement benefit
9. Feasible strategies to extend
coverage to informal sector and
self employed in Rwanda
Implementation and administration strategies
• Auto enrolment and payment of advance on
contributions by mobile phone
e.g., the levy of VAT on every airtime scratch in Mauritius, and
Health insurance tax levied on mobile services in Ghana; using
mobile phone can be the effective and efficient way to boost the
coverage rate in Rwanda
Law regarding the registration of identification for every mobile
phone user; which will establish a link between mobile phone
number and electronic national identification number of every
user
In 2012 the country's mobile phone
subscribers reached 5,690,751
52,7 % of taxi moto drivers prefer to
pay their contributions with mobile
phone
10. Feasible strategies to extend
coverage to informal sector and
self employed in Rwanda
Implementation and administration strategies cont’d
•
Integrated Social security education programme
Is marketing function not necessary?
as the adhesion to public pension
fund is compulsory.
Most pension funds do promotion
(publicity on radios, Tv show, billboards
etc). What about other components of 4
P’s of marketing mix ( Product, Price
and Place)?
35% of taxi moto drivers have a willingness to contribute
1000rwfs (1,6 USD ) per day in pension scheme, If RSSB
pension scheme could facilitate them in their projects
(Education, house, acquisition of motorcycle etc…)
11. Conclusion
• Political will
It is important to emphasize that the strong political will for pension reform from the
president of Republic is needed for the success of the whole process starting by the
designing of the pension system to the implementation
• Pension reform (Contributory scheme)
Like Ghana did in 2008, the pension reform commission may be appointed in Rwanda
to prepare and implement a reform to achieve the pension coverage for all
Cost evaluation of strategies to extend pension coverage analysed in this study still to
be done
• Social pension: For achieving the pension
coverage for all, the Government should study the
feasibility of providing the social pension benefits to
elderly persons, especially the poor.