1 / 30

M.P.Vasimalai, Executive Director, DHAN Foundation 18, Pillaiyar Koil Street, S.S.Colony,

Building Social Security as a Strategy of Financial Inclusion: A Case Study of DHAN Foundation, India April 20, 2009. M.P.Vasimalai, Executive Director, DHAN Foundation 18, Pillaiyar Koil Street, S.S.Colony, Madurai – 625 010, INDIA E.mail: dhan@md3.vsnl.net.in.

lakia
Download Presentation

M.P.Vasimalai, Executive Director, DHAN Foundation 18, Pillaiyar Koil Street, S.S.Colony,

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Building Social Security as a Strategy of Financial Inclusion: A Case Study of DHAN Foundation, IndiaApril 20, 2009 M.P.Vasimalai, Executive Director, DHAN Foundation 18, Pillaiyar Koil Street, S.S.Colony, Madurai – 625 010, INDIA E.mail: dhan@md3.vsnl.net.in

  2. 1. Basic Development Philosophy in Building Social Security 1.1 Organising the unorganised: Building social capital as an effective demand stream • Ensuring entitlement of poor • Building viable relationship with mainstream • Mandating development agenda for mainstream at grassroots

  3. Four Generation Concept: A long term Perspective • Social Intermediation : 3 – 5 years • Financial Intermediation : 3 – 5 years • Business (Livelihood) Intermediation : 3 – 5 years • Civic Inter mediation : 3 – 5 years

  4. 1.2 Building Partnership: Development Collaboration from the Start • Utilising mainstream resources • A new way of working: Community at the centre • Role evolution and devolution of different stakeholders

  5. Role Evolution & Devolution of Development Partners

  6. Role Evolution & Devolution of Development Partners (cntd…)

  7. 1.3 High Quality Committed professionals at Grassroots • Generate Alternatives to liberate from poverty • Shift Roles and enabling community • Giving back to the society: makes ‘others life’ meaningful

  8. 1.3 High Quality Committed professionals at Grassroots (cntd…) • Graduated mentoring • Explorer • Learner • Contributor • Leader

  9. 1.4 Mothering Development Innovations: Value Addition • Thematic focus • Community Banking • Water Security • Revitalizing Agriculture • Development Education • IT with poor • Local Management

  10. Institutions for Upscaling • Graduating project to programme and to Institution • Need for catalyzing institutions • People Mutuals • Kalanjiam Development Financial Services • Sustainable Health Care Advancement • Market Linkage

  11. 1.5 Method of Facilitating Development Intervention Community Organizing Mobilising Mainstream Resources for Development Intermediating Technology (Programmes)

  12. 2. Enabling Micro Finance for Social Security 2.1 Primary Purposes of Self-Help Groups: Community Banking • Insulates Investment Credit • Savings First to build their ‘equity’ to ‘own’ and to establish their ‘rights’

  13. Separate line of credit for consumption (Food security and Emergencies • Regulates ‘cash flow’ of a family • Converts ‘cold money’ to ‘hot money’ • Institutionalizes informal savings, Credit and Insurances • Reduces ‘Transaction cost’ significantly

  14. 2.2 Nested People Mutual Institutions for Social Security Primary Groups 15-20 poor members (Self Help Group) Banks Insurance Companies Cluster Development Association (20 – 30 group) at local Government level Federation of SHGs (200 groups) social security Sustainable Health care advancement People Mutual: Catalyzing Social Security

  15. 2.3 Graduation Steps for Poverty Reduction

  16. 3. Evolution of People Mutual for Social Security: A Good Practice of South – North Partnership 3.1 Building on the social capital • A long term commitment for partnership: Oxfam Novib and DHAN Foundation • Nearly two decades • Add on services with micro finance • Integration with savings

  17. 3.2 Partnership Support for ‘mutual’ evaluation • Pilot projects of community and DHAN • Role of Oxfam Novib • Role of Rabobank foundation • Role of Eureka-Re • Role of MIAN Volunteers • Significant individuals contribution

  18. 3.3 Partnership • Second phase of partnership • Technical missions • Resource Institution

  19. Products and product development Amount in millions

  20. 3.5. Technical Missions

  21. 1.Technical Missions Cond…

  22. 1.Technical Missions Cond…

  23. Four Aspects of Social Security Affordability • Adequacy • Timely • Control Administration Availability Access

  24. 3.5 Role of State, Market and Community Mutuals Co-operations

  25. 3.7 State Products Life : Unorganised sectors and solatium Health : Central and State Government Maternity : Nutritional support for pregnant and lactating mothers Marriages : Girl marriages Education : Scholarship and girl child education Physically challenged : Mobility and care support Old age Pension : State Government offers with central Govt. support

  26. 4. Opportunities and Challenges 4.2 Climate adaptation: Disaster Risk Reduction • New product development: Pilots • Capacity Building • Research studies and policy advocacy • Networking & networks

  27. 4.1 Basic Research • Risks and vulnerability study of different geographical contexts • Risks and vulnerability of different livelihood activities • Health Risks and vulnerabilities • Institutional Risks of Micro finance • Savings and credit risks

  28. 4.3 Upcaling of Social Security Initiatives • Partnership for upscaling • Catalysing Institutions • Mainstream Institutions • Resource Institution for the sector • Sharing and guiding similar initiatives in Asian and African Countries

  29. Savings First Credit Next Insurance the Best Thank You

More Related