SEWA Bank
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Transcript of SEWA Bank
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SEWA Bank
A Micro Finance Bank promoted by women workers in informal sector in year 1974
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3
SEWA
Self Employed Womens Association(SEWA) is a National Trade Union,established by Shri Ela R. Bhatt in 1972
It is a confluence of three movements
Labour movement Co-operative movement
Womens movement.
SEWA Organises the women workersthrough the strategy of struggle anddevelopment for its two main goals Full Employment and Self Reliance
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To help women to come out of the vicious
cycle of poverty
By helping them to
To come out of clutches of moneylender To build their savings
To build their businesses, Assets & Capital.
To minimize their Financial risk
To build their financial & business
knowledge & skill
Objectives of SEWA Bank:
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Capital Formation process
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From money lender to SEWA
Bank.
Build Savings
Build Business
Build Assets / Capital
Improve living condition
Minimize Risk
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Financial Performance
300000 clients
1000 Million Rs. Working Capital
800 Million Rs. Savings / Deposits
400 Million Rs. Credit outstanding
Financially Viable since second year
of inception.
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Financial Products
Integrated Financial ProductsSavings
Credit
Insurance
Financial Literacy
Business Counseling
ATM
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Life cycle needs Approach
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Financial Literacy
To change Financial attitude
To build Financial Knowledge
To build Financial Skill
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Methodology
Class room training Campaigns
Financial Camps
Individual Counseling
Tools stories
Films
Street plays
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Linking with Formal Banks
Building appropriate training
modules
Building a cadre of bare-foot
financial counselors /facilitators.
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Informal sector women have to work till
they die. Based on positive experience of
providing financial services to the poorwomen,
SEWA Bank introduced pension scheme.
Scheme in collaboration with UTI Amutual fund.
Women contribute Rs. 50/- p.m.(minimum)
Age 18 to 55
Invested in Balanced Fund (60:40)
Pension
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Junk Smith Garlic Vendor
Vegetable Vendor Incense stick Roller
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Old cloth Seller
Rag PickerAgriculture Worker
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Performance
Introduced in April 2006
40,000 women have joined Contributed 26 million Rs. So far
13 % return last year
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Challenges
Convincing women tosave for longer period.
Investing in open MarketMutual Fund
Marketing a productwithout specific return
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