Rural Finance and Rural Finance and Micro Finance Micro Finance

R.BhaskaranR.Bhaskaran

The IssueThe Issue Majority of India is financially excluded. Majority of India is financially excluded. Cooperative banking which is also in the rural Cooperative banking which is also in the rural

finance domain is not growing at allfinance domain is not growing at all Rural Financing has two possible growth pathsRural Financing has two possible growth paths

• MicrofinanceMicrofinance• Business Correspondent model of commercial Business Correspondent model of commercial

banks – eventually this will be a mini bank banks – eventually this will be a mini bank ( my vision!) Commercial banks current ( my vision!) Commercial banks current exposure is not very high. exposure is not very high.

There is an urgency to make this happen. There is an urgency to make this happen. There is greater possibility now as unlike the past There is greater possibility now as unlike the past

ICT is an enabler of the speeding up processICT is an enabler of the speeding up process Inclusive growth is a commitment. This is not Inclusive growth is a commitment. This is not

possible unless the sector is ready with people to possible unless the sector is ready with people to deliver.deliver.

The TaskThe Task Making available in the rural areas and among Making available in the rural areas and among

urban poor facilities for urban poor facilities for • SavingsSavings• CreditCredit• InsuranceInsurance• Social SecuritySocial Security• Remittance facilitiesRemittance facilities• CounselingCounseling

Who are involvedWho are involved• MFIs ,Banks, NBFCs, Governments, NGOs, IT companiesMFIs ,Banks, NBFCs, Governments, NGOs, IT companies

Entrepreneurial skills with the proponents also Entrepreneurial skills with the proponents also play an important roleplay an important role

The Skill setsThe Skill sets

FinanceFinance People skill or facilitation skillsPeople skill or facilitation skills Knowledge of rural economicsKnowledge of rural economics Job routines – this will be imparted Job routines – this will be imparted

by the employersby the employers IT application handling IT application handling Branch managementBranch management

HR requirementsHR requirements Like any other business the requirements Like any other business the requirements

will range from front line staff to top will range from front line staff to top managementmanagement

The sector will grow very fast in the next The sector will grow very fast in the next few years. Very impressive growth in the few years. Very impressive growth in the recent yearsrecent years

Since the facilitation tasks cannot be Since the facilitation tasks cannot be performed by IT or computer Human skills performed by IT or computer Human skills will be equally importantwill be equally important

The sector will need IT ( application) savvy The sector will need IT ( application) savvy youngstersyoungsters

If not this year in future will face attrition If not this year in future will face attrition issuesissues

ProfileProfile

Willing to travel Willing to travel Willing to use ITWilling to use IT Flexi timingsFlexi timings Good soft skills- empathy with the Good soft skills- empathy with the

target audiencetarget audience Language skillsLanguage skills

What is differentWhat is different This is not an exclusive selling job. It This is not an exclusive selling job. It

entails a large amount of facilitation entails a large amount of facilitation skills. skills.

The sector has good training system The sector has good training system towards the sametowards the same

Most jobs will be field jobs – not desk Most jobs will be field jobs – not desk oriented: not 10 to 5oriented: not 10 to 5

Employers will have different Employers will have different expectationsexpectations

IIBF’s education Journey IIBF’s education Journey We impart skill based coursesWe impart skill based courses Focus is on education. Self paced distance Focus is on education. Self paced distance

education- supported by latest courseware education- supported by latest courseware and virtual class roomsand virtual class rooms

Make candidates job ready Make candidates job ready Professionalize the employeeProfessionalize the employee Cover banking, NBFC, Collection agents, Cover banking, NBFC, Collection agents,

Home Loan advising, Commodity Home Loan advising, Commodity derivatives, Financial Advising &derivatives, Financial Advising &• Micro Finance Professionals (89/101)Micro Finance Professionals (89/101)• Employees of Business Correspondents Employees of Business Correspondents

( training cum certification being launched ( training cum certification being launched shortly)shortly)

Why take up such courses?Why take up such courses?

Makes the candidate job readyMakes the candidate job ready Sector’s training cost can come Sector’s training cost can come

downdown College and University education is College and University education is

too general and at times too vast too general and at times too vast for specific jobs and sectors. Such for specific jobs and sectors. Such diplomas become a value add diplomas become a value add qualificationqualification

Courses and Exams

Flagship Courses Diploma CoursesCertificate

ExaminationsManagement

Courses

JAIIB Level ICAIIB- Level II

Diploma in Banking& Finance

Treasury

Internationalbanking

Home Loans

Commodity Derivatives

UCB

BankingTechnology

AML/KYC

Trade Finance

PGDFA

Credit Cards

SME

AMPB- Schools

Project Course- IFMR

Micro Finance

QT

MBA By IGNOU

CeISB

DRA

BC/BF

IT/BPO

All

Students

Non-members

Bankers

ITES-BANKING for 12th pass

BCDRA

PD’s

Financial Advising

Firms

RBI

Micro Finance

Institutions

M.Funds & Ins. Coys

BPO/IT Companies

Commercial Banks

Financial Institutions

CooperativeBanks

NBFC

IIBF

Offers Courses to the employees of Offers Courses to the employees of

12th passDOEACC