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Women led enterprises : Opportunities & Obstacles (Prakhar Gupta,Ravina S Modi , Swati Jaiswal , Vivek Sharma)
In pursuit of the goal of rural
women empowerment , Abhi-
nav Farmers Club, at Mulshi ,
Pune started their marketing
function and ‘mahila bachat
gat’ . This initiative is entirely
managed by self-employed
women.
Students team surveyed and
interacted with women mem-
bers to understand their op-
portunities , favorable govern-
ment policies and available
bank schemes . They found
that there were obstacles such
as societal constraints to
women entrepreneurship and
unavailability of information
and guidance.
However , it was realized that,
self-employment played a very
positive role in the lives of these
women . It instilled them with
confidence , power of decision
making , raise living standard for
the family , increased awareness
about savings , nutrition levels
and importance of literacy .
Support from society , family
and various other areas is there-
fore required . Gram panchayats
should play more pro-active role
in this regard . Banks can help
by providing initial capital ,
regular financial support , infor-
mation about government poli-
cies and expert guidance to
convert these initiatives into suc-
cessful ventures.
FEBRUARY 2014 NIBM STUDENT’s NEWSLETTER
Inside this issue:
Banking needs
of construction
workers
Women led
enterprises :
opportunities &
obstacles
Technology
orientation of
Vegetable-
vendors
Farming
up gradation
through
Self Help Group
Old-age Home :
Needing
Banking
Support
Bio-gas
plant in
NIBM
Banking needs of construction workers (Ankita Singh,Bharat Wadhwa,Mathew Joseph,P Saipriya,T K Rao) Tall and beautiful buildings at-
tract us with their design and
construction. There is however
much less consideration for the
construction workers that made
them . A study of building project at
’Chandan’, Clover Garden was
made by students team , in order
to understand financial and
banking related problems of
construction workers who have
to migrate in search of jobs and
livelihood .
The study leads to observation
that around 40% of them had no
bank account .As they are in an
occupation which is migratory
in nature they operate through
their relative’s bank accounts. Their main services include
saving a/c, ATM and remit-
tance . There is need for providing
better customized banking ser-
vices as per their needs. Bank-
ing at all branches should be
provided to them. They should
be given facilities to operate
from all branches of bank.
With rapid urbanization , the
number of people in these occu-
pations are increasing , a better
strategy could also give banks
good business.
Technology orientation of Vegetable-vendors (Arleen Kohli, Drashti U Trivedi, Mridula Poddar, Sameeksha Mishra , Vinita Chavali)
Farming upgradation through Self Help Group (Ashish Shrivastava, Himanshu Kashyap, Mohit Nigam, Vipul Nagda and Saurabh Kumar)
Case study taken for analysis is
of a Pune based farmer club
registered as SHG , with a vision
to convert obsolete farming
methods into High tech –
farming.
In accordance to their vision
they have created ‘Polyshed’ ,
Self help group have certain char-
acteristics that provide them
strength like homogeneous needs,
decision power , freedom to inno-
vate and introduce better practices
in their work.
Banks prefer credit to SHGs due
to various advantages such as
follow:
Low transaction cost
Simple loan procedure
No collateral required
High repayment performance
due to group pressure
Appropriate rate of interest .
Journey
of
thousand
miles
begins
with a
single
step
Page 2 NIBM Student’s Newsletter
Vegetable vendors present in rural
as well as urban areas form an im-
portant link in the food chain of
society. The level of usage of
banking services is important for
their efficiency.
Although their most of the transac-
tion are on cash basis but several of
them used mobile transactions and
basic banking facilities and have
interest to move further ahead on
this way .
The use of mobiles by vendors in
order to track daily prices of vegeta-
bles in Sabji-Mandis , placing pur-
chase orders and schedule deliveries
was also observed.
Conversation with vendors like
helped us to realize how bank have
helped their life by giving DRI loans
and in this way banks were able to
serve them better.
Caption describing picture or graphic.
where high quality vegetables
and high value farm products
are cultivated .
Farmers also introduced flori-
culture in their farms , which
have attracted buyers from
Pune and Mumbai. They have
goal to generate rs.1000 per day
per acre of land .
It may be that if all farmers
come out together and form
similar type of group will help
this nation to turn out to be food
rich country and enhance its
prosperity .
Visit by the team was made to understand
their banking needs and financial services .
It was interestingly observed that vegetable
vendors of Kondhwa were quite technol-
ogy oriented.
Dagdusheth in Pune is well
known to everyone. It is also
known for its social initia-
tives such as old-age homes
and orphanages which is
funded by ‘Dagdusheth-
halwai Ganpati Trust’.
Ageing is a concern for de-
veloped world but in India it
is not so . Consequently
facilities for the old people
are not well developed . This
part of society is still ne-
glected and concern over
lack of better facilities is
still not felt .
Under this project work team visited
to the residents of NIBM to under-
stand the reason why they are not ac-
tively participating in directing the
household wastes to the biogas plant.
Some problems identified were :
1. Canteen waste was mainly used
because of location proximity but
the quantity was less.
2. Separation of garbage into biode-
gradable and non-biodegradable
was not proper
3. Collection, transport and feeding
of dry leaves was difficult.
Students team tried to spread aware-
ness about the benefits of biogas as
renewable source of energy.
NIBM’s Goal is to have a “zero
waste campus”. In pursuit of the
same an organic waste manage-
ment system consisting of a bio gas
plant at the NIBM campus has
been constructed.
However it was found that biogas
plant was not working to its full
capacity.
The major problem identified was
that required quantity of waste as
an input into the biogas plant is
either not available due to under
collection of garbage and under
feeding of the plant.
Lack of awareness amongst resi-
dents and staff members was ob-
served.
Old age Home : Needing Banking Support (Devam Sharma,Kautuk Choubey,Parth Jasani,Gaurav Arora,Rohit Singh)
Biogas plant in NIBM (Malvika Gupta,Neha Sharma,Priya Sinha,Sneha Agarwal)
Arise awake and stop not , till the goal is reached
- Swami Vivekanand
Page 3 NIBM STUDENT’s NEWSLETTER
yoga, visit by family
members, celebration,
festivals, trust among
each other, hygiene etc.
Regular medical check-
ups are also done by doc-
tors..
It was observed that
many of them did not
know about bank
schemes for senior citi-
zen , pension schemes ,
r e v e r s e m o r t g a g e
scheme . Banks can play
an important role in their
life by counseling them
to invest and utilize their
savings in better manner.
Students have studied Old-
age home named as
‘Pitashree’ in Kondhwa ,
which take care of deprived
elders and accommodate
around 150 people on one
acre of land
They found that the old age
home was like a family where
old people without family
support.live together and enjoy
life far away from fast paced
society.
Old-age homes are preferred
by many as they find like
minded companionship and
safety in living together .
The people here give impor-
tance to social life, recrea-
tional activities , TV. music,
They educated the canteen staff about
the precautionary and the safety
measure that should be observed in case
of any breakdown of the system.
Interaction with the housekeeping staff
was done.
Address :
Near Bank of Maharastra
NIBM road ,
Kondhwe Khurd , Pune
Maharastra PIN : 411048
Social Development Project : A Brief Introduction
Social development project is a part of PGPBF curriculum intended to make students
aware of social realities and explore solutions to some of social problems through bank-
ing channels .
Students are encouraged to interact with people from various sections of society to un-
derstand their problems and broaden their views .
As a part of project , students select an area of interest to do field level study . They visit
organizations having social initiatives , NGOs , those generating self-employment ,
women empowerment , rural development projects and environment related initiatives .
This educate students with real purpose of banking system which is the grassroot devel-
opment of society and nation .
NATIONAL
INSTITUTE
OF BANK
MANAGEMENT
GREEN NIBM CLEAN NIBM
Develop Others To Develop Yourself
www.nibmindia.org
Editorial Team : Vivek Sharma PGPBF(2012-14)
Ankita Singh PGPBF(2012-14)
Erum Fatima PGDM (2013-15)
Ankit Savla PGDM (2013-15)
Financial Express :
Open article writing competition
In the background of visit by Japanese Prime Minister
Mr Shinzo Abe as chief guest at the republic day pa-
rade, Financial Express , a leading business newspaper
organized an open article writing competition for stu-
dents from all B-schools across the country.
Mohit Nigam , student of PGPBF(2012-14) , partici-
pated in the all India competition. His article on the
topic 'Can closer India-Japan ties lead to a win-win
partnership ? ' was chosen as the best article for the
week and awarded the first prize. Our best wishes to
him for all his future endeavors.
CONGRATULATIONS
MOHIT !