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Enabling digital financial inclusion for rural women: emerging findings from India

Shobha Shetty's picture
"Pehle to bank jaane se bhi dar lagta tha, aur ab hum bank wali didi ban gaye hain’’ (Earlier I used to be afraid of stepping into a bank branch but now I am called a bank representative!). These are the words of Nidhi Kumari, aged 24 who hails from a Baheri Village in Darbhanga district of Bihar. You cannot help but notice the pride and new-found self-confidence behind her wide smile.

Nidhi is one of over 1500 Banking Correspondent Agents (BCAs) under the World Bank’s (IDA $500M) National Rural Livelihood Project (NRLP) in India that supports the Government’s National Rural Livelihood Mission (NRLM) in 13 high poverty states.
 
 Jeevika.
Nidhi Kumari at her BC Kiosk serving customers in her village. Photo courtesy: Jeevika.

Agent-based branchless banking in India is not new and has been around for over a decade. Given that there are over 650,000 villages in India and that less than 10 percent of villages have bank branches[i], an ICT-enabled alternate channel is now a dire necessity to enable greater financial inclusion. This agenda got a further boost when the Government of India launched the  Pradhan Mantri Jan Dhan Yojana (PMJDY) in 2014 to boost financial inclusion. To date, over 310 million PMJDY bank accounts (basic savings bank accounts) have been opened with 53 percent of these accounts now being held by women.

It’s Simply About Being Human

Joe Qian's picture

When we first discussed the prospects of inviting youth delegates from South Asia to attend the Annual Meetings, I must admit that I was initially ambivalent. However, the launch of More and Better Jobs in South Asia was imminent and it found that the region needs to create over one million new jobs a month over the next two decades to sustain employment for young people. How could we write about prospects for this group without hearing from them? With that in mind, we asked what More and Better Jobs mean to them and received an overwhelming response; over 11,000 application views and hundreds of exceptional applicants.

When the six delegates arrived, I was quickly struck by the intelligence, passion, and honesty that emanated from the group. Additional to the fresh, bold, and articulate ideas on employment themes such as equity, skills, and governance in their essays; they all took initiative for the betterment of their own communities with significant dedication and sacrifices.

What I Learned at the Annual Meetings...

Keshavi Puswewala's picture

I can still remember making a speech about “Experience is the best teacher,” when I was 14 years old and didn't have much of experience about life and the world.

I think the 168 hours or so that I spent in DC with fellow youth delegates were an enlightening and very powerful experience that changed my perception about the world, people, and myself. The launches, interesting live broadcasts, sessions, presentations, publications all made at least one change in the way I think and the way I interpret what I see. Now I believe I am looking at things in a broader perspective than I used to and I have started thinking about the world in a different way.

Empowering Local Leaders for Sustainable Development in Bangladesh

Nilufar Ahmad's picture

The Bangladesh Local Governance Support Project (LGSP) was initiated in 2005 when local leaders voiced their demand for discretionary funds among others to serve their constituencies at a meeting. Union Parishad (UP) is the lowest tier of rural local government has a history over 170 years and held regular elections, however, UPs never received direct funding.

Funds were previously allocated by line ministries at the Upazila (sub-district) level for certain activities; neither the local government (UP) nor local people had a say on their own development priorities. The UP act of 1983 designated 38 mandates on the UP, but made no fund provision for carrying out those mandates. The average population of an UP was about 35,000 and UPs are the closest service delivery institutes to citizens. In 1998, an UP amendment ensured direct election of women in three seats.

While the Minister of Local Government was supportive of the project, most of the national political leaders (ministers, members of parliament) and bureaucrats were against autonomous local governments. Nationwide consultations were organized between local leaders and communities, supported by civil society, for mobilizing a united voice of local needs and incorporating these in the project design. It was a challenging time with episodes of violence.