sanchayan annual report 2009 2010

Sanchayan Empowering Youth, Women & Adults through Financial Inclusion & Literacy

Annual Report 2009-2010

1 Sanchayan Annual Report 2009-2010

“For the Indian growth story to become sustainable, encompassing financial inclusion is a must. Financial literacy is a prerequisite for effective financial inclusion, which will ensure that financial services ―reach the unreached and under-reached sections of the society.”

- Hon. Dr. Pranab Mukherjee


CONTENTSCONTENTSCONTENTSCONTENTS

I. ABOUT SANCHAYAN SOCIETYABOUT SANCHAYAN SOCIETYABOUT SANCHAYAN SOCIETYABOUT SANCHAYAN SOCIETY Page 3Page 3Page 3

II. MISSION AND VISIONMISSION AND VISIONMISSION AND VISIONMISSION AND VISION Page 4Page 4Page 4Page 4

III. SANCHAYAN VERTICALSSANCHAYAN VERTICALSSANCHAYAN VERTICALSSANCHAYAN VERTICALS Page Page Page Page 5555

IV. PRESENTPRESENTPRESENTPRESENT SITUATIONSITUATIONSITUATIONSITUATIONALALALAL ANALYSISANALYSISANALYSISANALYSIS Page Page Page Page 6666

• What is Financial Literacy? Page 6

• Present Financial Literacy Situation in India Page 7

V. YOUTH PROGRAMYOUTH PROGRAMYOUTH PROGRAMYOUTH PROGRAM Page Page Page Page 8888

VI. SANCHAYAN PROGRAMSSANCHAYAN PROGRAMSSANCHAYAN PROGRAMSSANCHAYAN PROGRAMS Page 9Page 9Page 9Page 9

VII. SANCHAYAN MODELSANCHAYAN MODELSANCHAYAN MODELSANCHAYAN MODEL Page 10Page 10Page 10Page 10

VIII. SUSTAINABILITYSUSTAINABILITYSUSTAINABILITYSUSTAINABILITY MODELMODELMODELMODEL Page 11Page 11Page 11Page 11

IX. OECDOECDOECDOECD RECOGNITIONRECOGNITIONRECOGNITIONRECOGNITION Page 1Page 1Page 1Page 12222

X. SANCHAYAN SANCHAYAN SANCHAYAN SANCHAYAN CORE CORE CORE CORE TEAMTEAMTEAMTEAM Page Page Page Page 13131313

XI. PANELPANELPANELPANEL OF ADVISORSOF ADVISORSOF ADVISORSOF ADVISORS Page 1Page 1Page 1Page 14444

XII. STATUTORY INFORMATIONSTATUTORY INFORMATIONSTATUTORY INFORMATIONSTATUTORY INFORMATION Page Page Page Page 15151515

XIII. AUDITEDAUDITEDAUDITEDAUDITED FINANCIALFINANCIALFINANCIALFINANCIALSSSS Page Page Page Page 16161616


I.I.I.I. ABOUT SANCHAYAN SOCIETYABOUT SANCHAYAN SOCIETYABOUT SANCHAYAN SOCIETYABOUT SANCHAYAN SOCIETY

“Financial Literacy is more about cultivating good financial habits than about financial education”

Youth is the driving force of a country and its economy. A responsible, well-informed youth can help shape the future of the country. Indian Youth are sincere, hard-working, focused and dedicated towards their respective careers and aim at becoming successful managers, doctors, lawyers, bankers, teachers, scientists, researchers, accountants, etc. Our youth excel in whatever they choose to do. However there is one aspect where our youth can make “value addition” to their lives and that is “financial education” . It is nothing but the management of one’s own finances in the best possible manner and the ability to take informed decisions.

Sanchayan is a Sanskrit word that means “Accumulation”. We at Sanchayan believe in accumulation of Financial Knowledge.

Sanchayan is India’s first social venture dedicated to ‘Fun Financial Literacy’ for the teenagers, youth and adults. Sanchayan conducts workshops for the youth on topics ranging from:

• Budgeting Family Finances • Importance of Savings

• Basics of Banking

• Understanding Credit

• Indian Economy

• Markets and Investing

• Careers in Financial Services

Sanchayan has the single objective of spreading financial literacy and awareness among the young adults through workshops that are conducted in formal and non-formal schools/institutions and partner NGOs. Our approach to financial literacy is intended to be a fun-learning experience through interactive stories, games, role plays and videos on finance to keep the young adults engaged. By attending Sanchayan’s workshops, a young adult can benefit by:

• Inculcating the culture of saving and safe investing at an early age • Knowledge about careers in banking and financial services industry and planning for the same

• Understanding the significance of financial planning for higher education

• Being able to take home learnings and share with other household members

• Assisting parents in budgeting family finances • Acquiring knowledge about the basics of banking, credit, loans, insurance, etc

• Benefit from financial information and understand the functioning of the economy and markets

• Creating financially responsible adults confident of taking efficient financial decisions

Sanchayan has the extensive experience of engaging with over 3,500 young adults from both sections of the community - privileged as well as underprivileged, enabling them to undergo a cultural change in the way they handle their personal finances. Sanchayan has been formed by a community of experienced professionals with the common goal of creating a financially literate India.


II.II.II.II. MISSION AND VISIONMISSION AND VISIONMISSION AND VISIONMISSION AND VISION

MISSION:

To Educate Youth, Women and Adults so as to make them Financially Literate so that they can

VISION:

� Financial Access: Facilitate the inclusion of the underprivileged section into the mainstream banking and financial services industry

� Financial Literacy: Disseminate financial literacy to Youth and Adults and the underprivileged sections

� Financial Security: Spread awareness and knowledge so that the youth and adults are protected from risks.

� Financial Advocacy: Work with the government and regulators to provide basic financial products and services for the youth

� Financial Market Deepening: Promote maximum utilization of available financial products and services among the Indian public

� Financial Education: Complement the existing academic curriculum in schools and colleges by addition of financial literacy workshops to create smart future investors


III.III.III.III. SANCHAYANSANCHAYANSANCHAYANSANCHAYAN VERTICALSVERTICALSVERTICALSVERTICALS

Sanchayan’s primary interventions fall in the literacy & education space with a focus on the informal sector coupled with an emphasis on financial literacy and a stress on financial inclusion.

Presently 3 verticals form our core area of work:

1. Schools & Colleges – Sanchayan imparts literacy to teenagers & youth associated with formal as well as non-formal schools, colleges and educational institutes or partner ngos. The need for financial education for this segment arises due to the following reasons: • Increased resources with the privileged section of the children and youth leading to irresponsible

handling of money • Children are losing the culture of savings and are inculcating wasteful consumption habits • Need for financial education for the underprivileged so that they can plan for financial security and

an independent financial future

2. Urban Migrant Communities – In the cities, our focus is on working with the different communities in Delhi and NCR like Kotla Mubarakpur, Burari, Nizamuddin,Timarpur, Badarpur, and other resettlement colonies, slums and unauthorized zones where the majority of the urban poor live. Sanchayan’s work in this areas stems for the need to: • Create Awareness about various financial products, services and systems like informal savings,

lending practices and other financial transactions • Emphasis on Risks associated with different financial schemes like informal remittance mechanisms,

matkas, chit funds, loan sharks, etc which lead to loss of hard-earned savings for the urban poor • Bringing the marginalized and the excluded into the fold of the mainstream financial services and

banking industry • Indirectly Influencing the use of remittances back home, wherein the urban poor have some a say in

the use of remittance money towards education for the children and other productive purposes • Financial Planning for the urban poor so that they can plan for emergencies and become financially

secure in the long run • Cheaper and Safer ways of undertaking financial transactions

3. Rural Communities with an emphasis on Livelihoods - Even basic awareness drives related to

financial inclusion & literacy, which is presently not happening, can help achieve a lot in the rural sector. The Indian Government’s, RBI’s, Banks’ and Financial Institutions’ focus is only on ‘Financial Inclusion’ without first providing adequate ‘Financial Literacy’ to the millions of rural populations who are excluded from the formal financial system. Whereas Sanchayan’s focus is on making the common citizen financially literate so that he/she can make independent & informed financial decisions and individually undertake the process of becoming included in the formal financial system, thus leading to financial inclusion, thereby achieving the objectives of the Indian Government, Regulators and Financial Institutions. This process of knowledge-sharing is not happening as of now!! Sanchayan seeks to empower the rural masses to be self-reliant and to plan for a financially secure future.


IV.IV.IV.IV. PRESENT PRESENT PRESENT PRESENT SSSSITUATIONAL ANALYSISITUATIONAL ANALYSISITUATIONAL ANALYSISITUATIONAL ANALYSIS

A. What do we understand by Financial Literacy, Education and Knowledge in India?

In India, where a majority of the poor earn less than $2 a day1, the primary aim of the Central Government, Regulatory Authorities and Financial Institutions is to include the poor and the marginalized in the financial system by providing them access to banking and other financial products and services at a low cost. The process of financial inclusion has begun, but the supplementary process of financial literacy has not yet got the desired attention. In a country as large and diverse as India, spreading financial awareness across the length and breadth of India would require the regulatory authorities, stock exchanges and financial institutions to come together to a single platform and make joint implementation efforts; however this is not being done. Much needs to be achieved in terms of making the common man financially secure thus giving her life-long financial empowerment; and this cannot be achieved only through financial inclusion but has to go beyond and incorporate financial literacy, awareness and knowledge sharing. Sanchayan has taken up the mantle of spreading financial literacy and awareness among the common man thereby strengthening the efforts of these institutions by fortifying the financial inclusion aspect with financial literacy to ensure that financial inclusion and literacy go hand in hand, and that basic financial literacy reaches every nook and corner of the country thus ensuring that the common man is empowered and can plan for a secure future.

Financial Inclusion is the delivery of financial services at affordable costs to vast sections of disadvantaged and low income groups.

Financial Literacy is the process by which individuals gain an understanding of their financial situation and learn how to strengthen it over a period of time by inculcating the financial habits of savings, budgeting, planning and hence making the right financial decisions.

GOAL - Explaining practical finance to common man

Financial Empowerment Pyramid

The above diagram illustrates Sanchayan’s core philosophy about the interconnected concepts of Financial Literacy, Financial Education, Financial Knowledge and the critical issue of Financial Inclusion. We believe that once the process of financial literacy starts at the elementary level, this will lead to the second step of financial

1 Portfolios of the Poor : How the World’s Poor Live on $2 a Day, by Daryl Collins and Jonathan Murdoch

Financial

Inclusion

Financial Knowledge

Financial Education

Financial Literacy


education being inculcated into the educational curriculum. This will further serve as a platform for the spread of informal financial knowledge sharing among the common man. Literacy, education and knowledge would empower the common man to be included in the financial system. Therefore, financial literacy is only the first step to this entire process and is the foundation for creating financial inclusion.

B. Present financial literacy situation in India:

With the advent of the global economic crisis, the need for financial literacy has become more evident. Globally, many countries defaulted in debt payments and hundreds of thousands of common individuals faced critical financial problems in their life. In India too, many individuals who had taken debts or made bad financial decisions in the boom period faced enormous difficulties and challenges in their financial life. Therefore, Financial Literacy is not an option anymore! Financial Literacy is a huge movement in the developed countries like the United States, United Kingdom, Australia, Canada and many European countries, with an active participation by the entire community comprising of Banks, Heads of Governments, NGOs, CEOs and Business Leaders, and other key stakeholders. The same cannot be said for India, where this kind of focus on financial literacy is still not there and there is no dedicated Government organization or department implementing financial literacy and awareness. However, the good news is that the Government is in the process of setting up the “Financial Stability and Development Council (FSDC)” which will focus on financial inclusion and financial literacy. 2 Let us first understand the financial literacy situation in India; by understanding the major Indian financial literacy organizations and the current operational programs. Presently, there are only a few organizations in India working in the field of financial literacy. These are as follows:

i. Government Programs:

• RBI – The Reserve Bank of India is quite active in the field of financial literacy in India. RBI has designed comics on money and banking which can be downloaded for free on the website www.rbi.org.in/FinancialEducation. RBI’s main focus remains on financial inclusion and financial literacy is one of the areas which it is trying to spread awareness about. RBI has directed that public and private banks take up the cause of financial inclusion aggressively while not giving the same attention towards financial literacy. Therefore much needs to be achieved by RBI in terms of making financial literacy and education a mass movement in India.

• SEBI – Many investor associations focused on the stock markets are registered with SEBI. SEBI undertakes investor awareness programs through its department of National Institute of Securities Markets (NISM). www.nism.ac.in

• MCA (IEPF) – The Ministry of Corporate Affairs is spreading financial and investor awareness through the Investor Education and Protection Fund. The focus of MCA is however more geared towards adult programs primarily comprising of investor awareness camps. www.iepf.gov.in

• ICAI, ICSI, ICWAI – These organizations have their own financial literacy and investor awareness programs and also get support from the MCA and other government departments for spreading financial literacy. These institutions are focused on creating investor awareness among the middle income segment and their own member communities, rather than programs for the general public.

• Stock Exchanges – NSE, BSE, MCX, and others also have programs on investor awareness and regularly release articles and propaganda related to financial literacy. These organizations are not really focused on financial literacy but on increasing the public participation in the stock markets.

2 http://www.thehindubusinessline.com/2010/10/13/stories/2010101353170700.htm


V.V.V.V. YOUTH PROGRAMYOUTH PROGRAMYOUTH PROGRAMYOUTH PROGRAM

Why should the Youth be made financially literate? In order to understand the need for financial literacy among the Young Adults in India, there is a need to look at this from two different target segments:

Young adults part of the informal education system: This segment comprises of those young adults who are not part of the formal education system. These less-privileged young adults are staying at homes, orphanages and institutions with various NGOs across the country and some of them are undergoing practical courses like computer courses, knitting and tailoring, electrician, plumbing, beautician courses, etc. Financial literacy programs for these young adults have been tailored to teach them the elementary concepts like earning income, savings and budgeting before moving on to other advanced concepts like investing, entrepreneurship and developing business skills. This segment of the youth is prone to getting involved in various scams and frauds thus exposing them to the risk of financial loss and insecurity. Sanchayan attempts to educate them about right financial choices and pitfalls.

Young Adults part of the formal education system: The need for financial literacy for the young adults from well to-do families arises from the need to bring about a cultural change in the manner in which they handle their money and finances. The objective is to bring about an attitudinal shift in their outlook towards money and encourage them to inculcate good financial habits like savings and budgeting, and to create awareness about basic concepts like banking, credit, concept of appreciation and depreciation, financial instruments, markets, economy, etc.


VI.VI.VI.VI. SANCHAYAN PROGRAMSSANCHAYAN PROGRAMSSANCHAYAN PROGRAMSSANCHAYAN PROGRAMS

Sanchayan believes that financial inclusion and literacy can make the youth and adults of our country aware so that they can make better decisions with regard to their incomes and expenditures and also become informed future investors. Sanchayan is the pioneer of financial literacy programs in India and has taken the initiative to conceptualize and implement different financial literacy programs for the youth, women and adults.

The current operational programs that Sanchayan has are as follows:

i. Sanchayan Financial Inclusion and Literacy Project using Technology [FLIPTech] – Sanchayan has conceptualized and successfully implemented the financial inclusion & literacy program for youth, women, farmers and SHGs which has the dual objectives of financial inclusion and financial literacy, leading to financial empowerment of individuals, called “FLIPTech”. This is an innovative and unique program for rural and urban populations that will strengthen the RBI’s, public sector banks’ and Government initiatives relating to Financial Inclusion in the country. The financial literacy component will include the basics of budgeting, banking, and personal finance & investing for adults while under financial inclusion, working with the public sector banks, Sanchayan will facilitate the process of financial inclusion for the rural and urban populations.

ii. Farmers Financial Literacy Program {FFLP} – Sanchayan has successfully conceptualized and implemented a unique financial literacy program for farmers that seek to empower them about concepts like financial dependence versus self-dependence, budgeting and accounting for agricultural costs and revenues, cash management, savings and investing, market linkages, collective sale and bargaining and other financial agricultural issues. This program is supported by the World Bank as part of the National Agriculture Innovation Project (NAIP).

iii. Sanchayan “FUN” Financial Literacy Program – This program is for the youth and is further divided into two sub-programs:

a. Sanchayan Program for those part of the formal education system – This program is for the private and public school students and comprises of two workshops which have been continuously redesigned after extensive feedback from the students. These workshops are highly interactive and participative and consist of stories, games, role plays and videos on finance. The workshops are of 2-2.5 hours each. The intent here is not to cover everything in detail but to ignite the minds of these young adults to learn and increase their knowledge of the most important topics and to bring about a change in their attitude and outlook towards money and management.

b. Sanchayan Program for those not part of the formal education system– The program for the disadvantaged young adults takes into consideration the dual objectives of Financial Literacy and Financial Inclusion. This program consists of 5-7 workshops as the target audience needs more attention and focus on basics. The workshops are divided into financial literacy consisting of teaching the basic concepts of budgeting, savings, banking, etc while the rest of the workshops are for financial inclusion like obtaining PAN cards, opening bank a/c, etc, thus taking care of both the objectives.

10 Sanchayan Annual Report 2009

VII.VII.VII.VII. SANCHAYAN MODEL:SANCHAYAN MODEL:SANCHAYAN MODEL:SANCHAYAN MODEL:

'FUN' Financial Literacy

Youth Focussed

Parent-Teacher ‘NUDGE’

Student Involvement

Women Trainers

Continuous Program

Improvement

Dedicated Core Team

Sanchayan Annual Report 2009-2010

•Fun Workshops comprising of games, role plays,stories & videos'FUN' Financial Literacy

•Sanchayan is the only organization in India focussed exclusively on Youth Financial Literacy

•Parents, especially mothers, and motivated teachers encourage young adults to take part in Sanchayan workshopsTeacher ‘NUDGE’

•Students enjoy the workshops and actively take part in the Sanchayan workshops, quizzes, games and exercises

• Sanchayan Workshops are conducted by trained, experienced women trainers with a passion for teaching and interacting with Youth

• Feedback, Impact Assessment and Online Community of students, youth and teachers facilitates continuous program improvement

• The core founders of Sanchayan are passionate about the cause of Financial Literacy for the Young Adults

Fun Workshops comprising of games, role plays,stories & videos

Sanchayan is the only organization in India focussed exclusively on

Parents, especially mothers, and motivated teachers encourage young adults to take part in Sanchayan workshops

Students enjoy the workshops and actively take part in the Sanchayan

Sanchayan Workshops are conducted by trained, experienced women trainers with a passion for teaching and interacting with Youth

Feedback, Impact Assessment and Online Community of students, youth and teachers facilitates continuous program improvement

The core founders of Sanchayan are passionate about the cause of


VIII.VIII.VIII.VIII. SSSSUSTAINABILITYUSTAINABILITYUSTAINABILITYUSTAINABILITY MODELMODELMODELMODEL

The core team of Sanchayan believes in the social enterprise model wherein Sanchayan charges nominal fees from the privileged segment for its programs and uses the funds generated to create financial awareness among the disadvantaged section. This is the rationale for referring to Sanchayan as a social venture rather than as a non-profit organization.

Since inception in 2009, Sanchayan has charged the private school students for financial literacy workshops and has used the funds for conducting free workshops for the disadvantaged young adults. This model has not yet been extensively tested and it is a difficult task making the private schools/students to pay for the workshops. Many well-off schools back out when it comes to money. As a policy, Sanchayan does not charge the participating NGOs/Non-formal institutions for taking part in the financial literacy programs, but is open to support from these institutions in terms of joint implementation and sharing of program costs.

Sanchayan Sanchayan Sanchayan Sanchayan SocietySocietySocietySociety

Paid workshops

for privileged

Youth Free workshops for

Government School

Students

Free workshops for

Underprivileged Women

Free workshops for

Underprivileged

Youth

Paid workshops for well-to-do Young

Adults

Paid workshops

for

School Teachers

Sanchayan’s Revenue Model


IX.IX.IX.IX. OECD RECOGNITION:OECD RECOGNITION:OECD RECOGNITION:OECD RECOGNITION:

International Gateway for Financial Education (IGFE), created by the OECD is a database of the various financial literacy programs being undertaken globally. This database has recognized Sanchayan’s initiatives in India as follows: Government programmes in India:

• Project Financial Literacy, Reserve Bank of India (RBI), (www.rbi.org.in) • Securities and Exchange Board of India (SEBI), (www.sebi.gov.in)

Civil society programmes in India:

• The MoneyMatters Financial Literacy Project, Sanchayan Society (www.SanchayanSociety.org)

X.X.X.X. SSSSANCHAYAN TIEANCHAYAN TIEANCHAYAN TIEANCHAYAN TIE----UPS:UPS:UPS:UPS:

Over the last year we have strived to build long-term relations with our partners with the result that now we are seeing repeat orders for our programs from our partners. Sanchayan has worked with youth from the following schools, colleges and NGOs:

School Tie-ups:

• Sanskriti School • Bhartiya Vidya Bhavan • G. D. Goenka Public School • The Banyan Tree School, Lodhi Road • The Pinnacle School • Fr. Agnel School • Seth Anandram Jaipuria School • Summer Fields School • Government Girls School • Laxman Public School • Rajkiya Pratibha Vikas Vidyalaya

and many more schools…. NGO/Non-formal Institution tie-ups:

• Institution for the Blind, Amar Colony • Smile Foundation of India • Rasta (NGO), Patparganj • Salaam Balaak Trust – DMRC Arman Children’s Home, Tis Hazari • Salaam Balak Trust – Arushi Girls Home, Gurgaon • Ability Unlimited (NGO) • Society STADD led World Bank Project


XI.XI.XI.XI. SANCHASANCHASANCHASANCHAYAN YAN YAN YAN CORE CORE CORE CORE TEAMTEAMTEAMTEAM

CORE TEAM: Avik Kedia Avik brings with him a rich experience having worked with some of the leading international audit, tax and advisory firms. During his corporate career with the global consultancy firms, Avik has been involved in assignments of leading Indian corporate groups like DLF, Ranbaxy, Bharti Airtel and many other large corporate houses. This has given him a valuable insight into how organizations are established and managed successfully.

As part of his consulting stint, Avik has travelled widely throughout the country, which gave him the opportunity to see the low level of financial literacy and investor awareness prevalent in India. An in-depth research in the issue reinforced his conclusions when he found that only 3.5% of the population were actually participating in the markets and investing. This was the turning point in his career, when Avik decided to take a break from his promising finance career to establish Sanchayan Society to spread awareness about banking, financial planning and investing among the common man, especially the youth. Avik worked tirelessly from scratch to establish Sanchayan Society, a venture dedicated to financial literacy for the young adults and the youth. Avik has conducted extensive number of workshops on financial literacy for the youth covering topics ranging from the importance of saving and budgeting to the basics of banking and investing. He is now working on expanding financial literacy and awareness across the country to tier-2 cities, towns and remote villages, and has tied up with various ngos for joint implementation and resource-sharing. Sanchayan Society has recently been recognised by OECD for its innovative approach to financial literacy and awareness in India.

Avik has been an avid investor in the capital markets since his college days and has accumulated significant practical experience in investment concepts and theories which he now shares with the MBA students of Management Development Institute (MDI), Gurgaon, where he teaches Corporate Finance on weekends. Avik’s interests range from tracking global markets to reading business books and sharing first-hand investing knowledge with young adults. Avik is a chartered accountant and a commerce graduate from Hindu College, University of Delhi. (Avik can be reached at [email protected]) Chidambara Sagar Chidambara is a freelance art consultant and a professional trainer for outreach programs which has given her an excellent insight into the minds of young adults. She planned and managed the first ever in India ‘The Dream Museum Project’, launched by the Devi Art Foundation in collaboration with Asia Art Archive, Hong Kong. For Sanskriti Foundation, she conceptualized, designed and delivered a two day residential workshop for children on International Museum Day and for outreach on Geddes Fellowship she interacted with the students of Mirambika school.

Chidambara has been actively working to create awareness around various social and cultural issues. She was instrumental in the organisation of SOIMA’09, a month long international training program for adults. She is also associated with Sagar NGO and Archaeological Survey of India as a supervisor and consultant-trainer for training art-historians, museologists and conservators.

Chidambara is a dynamic, talented and passionate individual who has been the inspiration for Sanchayan Society to become what it is today. Chidambara believed in the need for financial literacy among the teenagers and youth and was instrumental in setting up Sanchayan Society. Being a non-finance person, Chidambara brings with her a fresh outlook and perspective on financial literacy for the youth. Chidambara is responsible for volunteer management, coordinating with participating institutions, program design and refinement and development of games, videos and soft modules. Chidambara holds a masters’ in History of Art from National Museum Institute and is a Sanskrit graduate from St. Stephens College, University of Delhi. (Chidambara can be reached at [email protected])


XII.XII.XII.XII. PANEL OF ADVISORS:PANEL OF ADVISORS:PANEL OF ADVISORS:PANEL OF ADVISORS:

Prof. Anand Sharma (Advisor)

Dr. Anand Kumar Sharma, formerly Chair Professor Railway Finance, Indian Institute of Management (IIM), Bangalore, currently Professor and Chairperson Finance area at Management Development Institute (MDI), Gurgaon, has been a trainer for the last thirty years. His areas of research interest include infrastructure finance, public procurement, public private partnership and public policy. A large section of the country’s civil services including members of the IAS, IPS, and Finance and Accounts services of central and the state governments have benefited from his deliberations. Dr Sharma, a member of Indian Railway Accounts Service (1981 Batch), has served the ministry in various capacities. He has been the Executive Director, Railway Board (Ministry of Railways), Government of India, Deputy Financial Adviser and Chief Accounts Officer, Western Railways. Dr. Sharma has been a member of Task Force for numerous government initiatives, including the one constituted by Cabinet Secretary on ‘Revision in Norms for Public Procurement’. Here he served as Member secretary.

He was a visiting Scholar at Graduate School of Business (GSB), Stanford University. He received his training in Financial Management on Capital Investment Appraisal and Asset Management at Manchester Business School. He shared his perspectives with management students of IIM, Bangalore through the elective Managing Public Private Partnership. He has led more than eighty management development programs and workshops for participants across nations. Many of these were conducted in association and consultation with the World Bank.

Dr. Sharma started his teaching career at Shri Ram College of Commerce, Delhi University in 1975. He earned his Ph.D. in Finance from Jamnalal Bajaj Institute of Management Studies, University of Bombay. Prior to this he completed his Masters from Delhi School of Economics (academic scholarship recipient) and L.L.B from University of Delhi.

Professor Anand Sharma can be reached at: Room No. C-17, Management development Institute (MDI), Gurgaon - 122007 Phone: +91- 9560631667 Email: [email protected], [email protected]

Sanjeev Vasudev (Advisor)

Sanjeev moved to the development sector after a career in the private sector spanning two decades in the fields of finance, communications, and Internet technologies. Since 2000 Sanjeev has been working in the development sector, first with a multi-lateral organisation and now manages a development consulting company and an NGO focused on the cause of agriculture. Beyond this, he is on the Board of an NGO doing exemplary work in the field of woman and child development in areas of health and education. A brief profile of these organizations is given below:

STADD Development Consulting Pvt. Ltd.: STADD works in the South Asia region in areas of rural livelihoods, natural resource management and technologies. Over the years it has built a strong track record of assignments handled for institutions such as IFAD, CFC, UNCTAD, UNDP-GEF, and ICIMOD, to name a few. Please view www.stadd.com to know more.

SocietySTADD: This not-for-profit institution is working to further development causes such as agriculture, water, and rural infrastructure. Among one of the major initiatives supported by SocietySTADD is the Professional Alliance for Conservation Agriculture (PACA) that is advocating the cause of Conservation Agriculture. Please view www.conserveagri.org to know more.

SSMI: Swami Sivanand Memorial Institute (SSMI) is a four-decade old institution involved in various programs of the government such as ICDS (Jehangirpuri - 16,000 children), Mid-day Meal Scheme (Chandigarh - 25,000 children), Gender Resource Centre (West Delhi - 8 GRCs), Eye and Dental Clinic for the under-privileged, and an aided school (Balwadi to Xth standard - 1,000 children). Beyond these regular activities, SSMI is involved in matters of policy working closely with the government.


Sanjeev Vasudev can be reached at: SocietySTADD, 3379, Ranjeet Nagar, 2nd Floor, Patel Nagar (South), New Delhi-110008, India Phone: +91-11-45132120 Email: [email protected], [email protected], Website: www.stadd.com

XIII.XIII.XIII.XIII. STATUTORY INFORMATIONSTATUTORY INFORMATIONSTATUTORY INFORMATIONSTATUTORY INFORMATION

A. OFFICE ADDRESS: 16, Vikram Vihar Extn., Second Floor, Lajpat Nagar –

Part 4, New Delhi-110024 B. WEBSITE: www.SanchayanSociety.org

C. ESTABLISHMENT September 2009

D. TYPE OF REGISTRATION: The Societies Registration Act XXI of 1860

E. REGISTRATION DETAILS:

Certificate of Incorporation: S/66874/2009

PAN No: AAEAS7767D

Income Tax Exemption details: 12 A : DIT (E)/12A/2010-2011/S-6282/1538 80 G : DIT (E)/2010-2011/S-6282/1903

F. CONTACT DETAILS:

Contact Person: Chidambara Sagar

Mobile No.: +91 – 98105 – 72277

Email: [email protected]

Contact Address: H-9, Akash Bharti Apartments, Plot No. 24, I.P.Extension, New Delhi-110092

sanchayan annual report 2009 2010

Education

financial information

fun financial literacy

financial educationyouth

financial servicessanchayan

financial advocacy

financial educationfor

financial inclusionis

financial access