Empowering Women:Empowering Women:TheThe

Annapurna Pariwar Annapurna Pariwar ModelModel

Dr. Medha Purao SamantDr. Medha Purao SamantChairperson & Managing Chairperson & Managing

DirectorDirectorAnnapurna Pariwar Annapurna Pariwar

A Woman Today A Woman Today

These too are Working Women These too are Working Women - I- I

These too are Working Women These too are Working Women - II- II

Annapurna PariwarAnnapurna PariwarA Conglomerate of 5 Non Profit A Conglomerate of 5 Non Profit

OrganisationsOrganisationsWorks with Poor Working Women throughWorks with Poor Working Women through Micro Finance Micro Finance Micro Insurance Micro Insurance Day Care centers for childrenDay Care centers for children Educational sponsorship for the children Educational sponsorship for the children

of single mothersof single mothers Working Women’s HostelWorking Women’s Hostel Financial Literacy Trainings to womenFinancial Literacy Trainings to women Health Awareness Trainings to womenHealth Awareness Trainings to women Participation of women in governanceParticipation of women in governance

We work in such slums in We work in such slums in Pune & MumbaiPune & Mumbai

Loan and Savings Officer Loan and Savings Officer Giving Door to Door Information & Filling the Giving Door to Door Information & Filling the

Personal Information Form Personal Information Form

Loan Disbursement atLoan Disbursement at Branch office by Branch Manager Branch office by Branch Manager

Loan Recovery at the doorstep Loan Recovery at the doorstep in a Joint Liability Groupin a Joint Liability Group

Daily Meetings in our Branch Daily Meetings in our Branch officesoffices

Our Service Executives Giving Our Service Executives Giving information about Health programinformation about Health program

Our Medical Officers giving Our Medical Officers giving Health Advice 24*7Health Advice 24*7

Insurance Claim Money being Insurance Claim Money being given for sickness, deathgiven for sickness, death

Children in our Day Care CentersChildren in our Day Care Centers

Annapurna Pariwar Offices in Annapurna Pariwar Offices in Pune and MumbaiPune and Mumbai

Annapurna Pariwar Financials Annapurna Pariwar Financials at the end of December 2016 at the end of December 2016

Rs. 85 crs portfolio with NPA 30 days remaining stable at Rs. 85 crs portfolio with NPA 30 days remaining stable at 0.1%. 0.1%.

Rs.25 crs saving deposits from members.Rs.25 crs saving deposits from members. Outreaching 1,10,000 members out of whom 95% are Outreaching 1,10,000 members out of whom 95% are

women.women. No. of Health Insurance members 2,25,000No. of Health Insurance members 2,25,000 Enrollment in Pension Program by 12,000 Enrollment in Pension Program by 12,000 membersmembers. . Amount of Health and Life Insurance claims disbursement Amount of Health and Life Insurance claims disbursement

was Rs.1.50 crs in 2016was Rs.1.50 crs in 2016 No of children in 20 Day Care centers is 600 in the slums of No of children in 20 Day Care centers is 600 in the slums of

Pune and MumbaiPune and Mumbai Rs.25,00,000 given as educational sponsorship to 1000 Rs.25,00,000 given as educational sponsorship to 1000

childrenchildren

Participating in Participating in Democratic & well informed DecisionsDemocratic & well informed Decisions

Bringing Women in the Bringing Women in the Boardroom - IBoardroom - I

Annapurna Pariwar has 99% women among Annapurna Pariwar has 99% women among Members , staff and Boardroom.Members , staff and Boardroom. Representatives are selected by the Representatives are selected by the

members from their communities for a members from their communities for a term of 2 years, from whom some make it term of 2 years, from whom some make it to the board. to the board.

We educate the women in taking well informed We educate the women in taking well informed decisions in a democratic way after discussions decisions in a democratic way after discussions by a show of handsby a show of hands

All the financial decisions are taken in a very All the financial decisions are taken in a very transparent way and also giving justice to every transparent way and also giving justice to every stake holder. stake holder.

Bringing Women in the Bringing Women in the Boardroom - IIBoardroom - II

We have to remember that women are in 2 roles : We have to remember that women are in 2 roles : As Homemakers and as productive members of As Homemakers and as productive members of

the society.the society.We had to involve men in a dialogue so that they We had to involve men in a dialogue so that they

trusted us and supported their wives to participatetrusted us and supported their wives to participate To bring women in the boardroom we had to tell To bring women in the boardroom we had to tell

financial terms in a simple language.financial terms in a simple language. We have to always keep such days and time for We have to always keep such days and time for

the meetingsthe meetings which are convenient which are convenient for the for the women to attend .women to attend .

Result of Gender biasResult of Gender bias There are less than 5 % women in the top management There are less than 5 % women in the top management

in the corporate sector in the U.S.A. and most developed in the corporate sector in the U.S.A. and most developed nationsnations

Women earn 40:60 as compared to their male Women earn 40:60 as compared to their male counterparts in the unorganized sectorcounterparts in the unorganized sector

Women form the 2/3rd of the illiterate population of the Women form the 2/3rd of the illiterate population of the worldworld

Women produce 67% of global income , but own only Women produce 67% of global income , but own only 10 % of it.10 % of it.

Women own only 1 % of the global wealthWomen own only 1 % of the global wealth Women are killed in the womb , affecting adversely the Women are killed in the womb , affecting adversely the

Man : Woman ratio. It is nearly 1000:900 in IndiaMan : Woman ratio. It is nearly 1000:900 in India

Yet….Yet…. There are women , though less in percent who There are women , though less in percent who

have made it to the top in spite of the glass have made it to the top in spite of the glass ceilingceiling

Women are considered best managers all over Women are considered best managers all over the worldthe world

Women leadership is more process oriented , Women leadership is more process oriented , creating stronger bonds among team memberscreating stronger bonds among team members

Women are emotionally stronger in difficult Women are emotionally stronger in difficult timestimes

Empowerment of womenEmpowerment of women

Gender Empowerment Measure ( GEM) of Gender Empowerment Measure ( GEM) of Human Development Report ( HDR ) of Human Development Report ( HDR ) of UNDP says ,UNDP says ,

“ “Participation in Economic and Political life Participation in Economic and Political life and share of the National Income”and share of the National Income”

Concept of Empowerment is multi faceted…Concept of Empowerment is multi faceted…Economic , Social , Political…Economic , Social , Political…

Financial Inclusion AgendaFinancial Inclusion Agenda ““Universal Access To Financial Services is Universal Access To Financial Services is

Within Reach – Thanks to new Within Reach – Thanks to new Technologies, Transformative Business Technologies, Transformative Business Models & Ambitious Reforms.”Models & Ambitious Reforms.”

Such Instruments as E-money accounts , Such Instruments as E-money accounts , along with Debit Cards & Low cost regular along with Debit Cards & Low cost regular bank accounts, can significantly increase bank accounts, can significantly increase Financial Access for those who are hitherto Financial Access for those who are hitherto excluded.”excluded.”

Enablers and DisruptersEnablers and DisruptersIn Financial InclusionIn Financial Inclusion

Govt.Govt. structure, election , historical events , key political structure, election , historical events , key political figures at local and regional levels figures at local and regional levels

Economic growth rate , inflation , currency valuation , Economic growth rate , inflation , currency valuation , savings / credit as % of GDP savings / credit as % of GDP

Poverty rate , GNI per capita , urban / rural distribution Poverty rate , GNI per capita , urban / rural distribution Use of mobile banking , credit cards, ATMsUse of mobile banking , credit cards, ATMs Micro Finance sector size and it’s operations Micro Finance sector size and it’s operations MF policies , supervision responsibilities , promotion of MF policies , supervision responsibilities , promotion of

MF sectorMF sector Interest rate caps, deposit , mobilization , capital Interest rate caps, deposit , mobilization , capital

requirements, consumer protectionrequirements, consumer protection

Members participate , Access Financial and Members participate , Access Financial and Non Financial services, Get Empowered Non Financial services, Get Empowered

Thank YouThank You