i nc lu s i ve f i nanc e i nd i a re port 2014
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this with SHGs, CBOs, MFIs and the Government next year. The report is available at: ftp://ftp.solutionexchange.net.
in/public/mf/resource/res28041401.pdf
Mr. Jaipal mentioned that GIZ has also developed a tool to contextualize the financial abilities. He said that the crux
is to understand and define the Financial Inclusion which happens to be an important component of
Inclusive Finance
India Report
. Despite financial need and presence of the Financial Service Provider at the supply side, people are unable
to reach financial service provider and one reason could be that people don’t have the financial capability. The pilots
will reveal how financial capability of people is enhanced or how it impacts the real financial inclusion.
Ms. Leonore Gruenberg mentioned that GIZ has also defined the evolution from financial inclusion to financial
capability. She informed that the element of social impact and coordination within the family and access within the
community should also be factored while studying the impact.
MIX Presentation: Sachin Hirani and Amit Mittal
A lot has been happening on both demand and supply side of Financial Inclusion but one should also try to consoli-
date whatever is happening in the sector. This year as pointed out by Microfinance Community, urban poverty and
microfinance is in focus. Last year it was Business correspondents, Banking Channels and Housing Microfinance. The
question comes here is—what is financial inclusion and how do we define that and collect those data set together to
look at the overall picture. MIX serves the Industry in this kind of initiative. MIX wants to work with the authors
of the
Inclusive Finance India Report 2014
to build a platform for further research. More than 2000 MFIs have been
reporting to MIX but as the theme of report has changed from Microfinance to Inclusive Finance a broader role now
needs to be played at the FI side.
Mix initiated a new country workbook- finclusionlab.orgto create data sets on financial inclusion both at the supply
and demand side. The tool may be helpful for the authors of the report to do further research or to understand what
the trend is. The tool will help to compare different indicators of financial inclusion and assess the progress we have
made over a period of time and at different levels like district, state and national. The tool has the potential to become
a common reporting platform and may also help the MFIs to reduce the burden of multiple reporting if all the MFIs
contribute to this platform and the data is regularly updated. The MFIs, banks and the funding institutions should also
develop their capacities to understand common reporting.
VIEWS AND SUGGESTIONS OF THE PARTICIPANTS
On Overall Structure of the Report
•
Inclusive Finance India Report
should have a section on climate change impact, climate change adaptation, disaster
management and how it is impacting livelihoods of the poor.
•
The report can highlight some of the case studies and these case studies should bring out some of the real challenges
faced by the promotional organizations in the field. The report should also capture successful case studies from the
organizations working in remote locations like Jharkhand, Odisha and North East.
•
An element on convergence of MFIs, BCs and SHGs could be included in the report—How these stakeholders have
converged, benefitted or leveraged.
•
While talking about scale, we might miss on quality. The report should also highlight about maintaining quality of
SHGs/JLGs. All the emerging issues of MF and FI can be included in one chapter.
•
The report should contain emerging architecture of inclusive finance including the positioning of various institu-
tions in the financial inclusion system.
•
Priority Sector Lending should be taken up in the report, including what are the issues with Priority Sector Lending.
•
The feedback from main stream private equity investors apart from social PE investors should also be captured in
the report.
