Rural finance and micro finance
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Rural Finance and Micro Finance . R.Bhaskaran. The Issue. Majority of India is financially excluded. Cooperative banking which is also in the rural finance domain is not growing at all Rural Financing has two possible growth paths Microfinance

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Rural finance and micro finance l.jpg

Rural Finance and Micro Finance

R.Bhaskaran


The issue l.jpg
The Issue

  • Majority of India is financially excluded.

  • Cooperative banking which is also in the rural finance domain is not growing at all

  • Rural Financing has two possible growth paths

    • Microfinance

    • Business Correspondent model of commercial banks – eventually this will be a mini bank ( my vision!) Commercial banks current exposure is not very high.

  • There is an urgency to make this happen.

  • There is greater possibility now as unlike the past ICT is an enabler of the speeding up process

  • Inclusive growth is a commitment. This is not possible unless the sector is ready with people to deliver.


The task l.jpg
The Task

  • Making available in the rural areas and among urban poor facilities for

    • Savings

    • Credit

    • Insurance

    • Social Security

    • Remittance facilities

    • Counseling

  • Who are involved

    • MFIs ,Banks, NBFCs, Governments, NGOs, IT companies

  • Entrepreneurial skills with the proponents also play an important role


The skill sets l.jpg
The Skill sets

  • Finance

  • People skill or facilitation skills

  • Knowledge of rural economics

  • Job routines – this will be imparted by the employers

  • IT application handling

  • Branch management


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HR requirements

  • Like any other business the requirements will range from front line staff to top management

  • The sector will grow very fast in the next few years. Very impressive growth in the recent years

  • Since the facilitation tasks cannot be performed by IT or computer Human skills will be equally important

  • The sector will need IT ( application) savvy youngsters

  • If not this year in future will face attrition issues


Profile l.jpg
Profile

  • Willing to travel

  • Willing to use IT

  • Flexi timings

  • Good soft skills- empathy with the target audience

  • Language skills


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What is different

  • This is not an exclusive selling job. It entails a large amount of facilitation skills.

  • The sector has good training system towards the same

  • Most jobs will be field jobs – not desk oriented: not 10 to 5

  • Employers will have different expectations


Iibf s education journey l.jpg
IIBF’s education Journey

  • We impart skill based courses

  • Focus is on education. Self paced distance education- supported by latest courseware and virtual class rooms

  • Make candidates job ready

  • Professionalize the employee

  • Cover banking, NBFC, Collection agents, Home Loan advising, Commodity derivatives, Financial Advising &

    • Micro Finance Professionals (89/101)

    • Employees of Business Correspondents ( training cum certification being launched shortly)


Why take up such courses l.jpg
Why take up such courses?

  • Makes the candidate job ready

  • Sector’s training cost can come down

  • College and University education is too general and at times too vast for specific jobs and sectors. Such diplomas become a value add qualification



Offers courses to the employees of l.jpg
Offers Courses to the employees of

12th pass

DOEACC

& Graduate and Final Year Students


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