IMPACT of GRASSroot Solutions

MAHARASHTRA PUNJABRAJASTHAN

o Bikaner, Deshnokh, Hanumangarh, Nohar, Suratgarh, Gadhsana

o 25 Schools, 30 Villages, 1 Thermal Plant

o Over 1000 students, 500 thermal plant workers, 500 housewives, 400 farmers, 400 staff members,

o 3500 Bank accounts opened

o F&B industry

Cities/ Districts

STATES

Reach of Financial literacy

workshops

Reach of Financial literacy

services

o Mumbai

o 5 NGO tie ups,

o 500 street children, 500 sex workers, 500 people from LGBT community, 400 transport workers (rickshawwallas)

o 3500 Bank accounts opened

o Textile & Diamond industry

o Gidharbaha, Mansa

o 5 Schools, 6 Villages

o Over 200 students, 500 housewives, 400 farmers, 400 staff members,

o 3500 Bank accounts opened

o Dis

Importance of financial inclusion in India

Topic for discussion : Hurdles to improving savings

Topic for discussion : Financial literacy & the youth

• Objective – facilitate FINANCIAL INCLUSION through literacy and financial service to Marginal farmers & landless labor, Migrants, Urban slum dwellers, Self-employed, Unorganized industry, Women and old people)

• Short term plan – o Educate masses - about management of money, importance of savings, advantages

of saving with banks, benefits of borrowing from bankso Enable financial planning – to help people plan ahead of time for their life cycle needs

and deal with unexpected emergencies without resorting to debto Improve understanding of financial products – eg. Overdraft facility, recurring deposit,

KCC, GCC, remittance facilityo Liaise with banks to connect masses with formal financial system

• Long term goal – o To make the workshop a mandatory aspect of school curriculums and make every

individual in this country financially literateo To ensure each household has at least one bank account

• Reasons for starting o Team with many years of experience in the financial sectoro ½ of India’s population do not have access to bank accounts & ¾ not covered by insuranceo Financial inclusion leads to individual development, inclusive growth & promotes national

growtho Realized the gap & hence floated NGO named GRASSroot Solutions

• Our coverageo We have presence across Maharashtra, Rajasthan & Punjabo With over 50 workshops conducted targeting 4000+ people, we have received recognition

from 27 local panchayat heads, have been felicitated for our contribution in social sector by Mahavir international and have been covered in Rajasthan Patrika

• Participationo NGO’s work for various causes eg. Child care, Women development, Human rights,

Sanitation etc. o We work in area of financial inclusion – we equip you with pertinent skill sets, financial

literacy material etc, if you think you are interested in this area, please visit us at www.grassroot-solutions.org or email us at contact@grassroot-solutions.org