1st help consultancies pvt ltd

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Vision 20: 2020 - UN Millennium Development Goals

(Ensuring better livelihood at rural and other local community level

Crushing Poverty, Generating Employment and Wealth Creation)

PROPOSAL: Consultancy Services for implementation of the

Financial Inclusion Project

Banking the Un-Banked and Under-Banked

Presented to Presented by

SINGH, Abhishek Pratap

Chief Visionary Officer


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Innovating Delight 2.0

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Credits:

Author: Mr. VERMA, Subhash, Associate Consultant

Reviewer: Mr. GUPTA, Shekhar, Senior Consultant

Approver: Mr. SINGH, Abhishek Pratap, Chief Visionary Officer (Director)

2013 1st Help Consultancies Private Limited. All rights reserved.

No part of this information be reproduced or transmitted anywhere, without the prior

written consent of 1st Help Consultancies Private Limited

.


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About the... ................................................................................................... 5First Help Consultancies Private Limited ............................................................ 5First City Monument Bank Plc ................................Error! Bookmark not defined.

Executive Summary......................................................................................... 6Missing Gap -1 ...................................................Error! Bookmark not defined.

Action Solution (1stEdu) .................................Error! Bookmark not defined.Missing Gap -2 ...................................................Error! Bookmark not defined.

Action Solution (1stSustain) ............................Error! Bookmark not defined.Missing Gap -3 ...................................................Error! Bookmark not defined.

Action Solution (1stEntre) ...............................Error! Bookmark not defined.

What We Offer.............................................................................................. 71. Consultancy for development (1stTech) .......Error! Bookmark not defined.2. Consultancy for deployment..........................Error! Bookmark not defined.3. Process-Auditor ..........................................Error! Bookmark not defined.4. Develop Training Program ............................Error! Bookmark not defined.5. Promote Entrepreneurship ............................Error! Bookmark not defined.6. Develop understanding ................................Error! Bookmark not defined.

a. Pension .....................................................Error! Bookmark not defined.b. Distribution of Insurance (Micro) ...................Error! Bookmark not defined.c. Credit facility ..............................................Error! Bookmark not defined.

7. Manpower selection and training process ........Error! Bookmark not defined.

Program Description of Our Solutions ................Error! Bookmark not defined.Context Setting: .................................................Error! Bookmark not defined.Our solutions: .............................................................................................. 8

Technology Selection (1stTech): ......................Error! Bookmark not defined.


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Financial Education Program Implementation (1stEdu): .... Error! Bookmark not

defined.Revenue Maximization for Service Agent (1stSustain):......Error! Bookmark notdefined.Skills Development and Job Creation (1stEntre):.Error! Bookmark not defined.

Other programs for Market Creation and Social Development: . Error! Bookmark not

defined.1stAgri: .......................................................Error! Bookmark not defined.1stMEd: .......................................................Error! Bookmark not defined.1stHealth: ....................................................Error! Bookmark not defined.1stFolk: .......................................................Error! Bookmark not defined.1stSkill: .......................................................Error! Bookmark not defined.1stCAP: .......................................................Error! Bookmark not defined.

Micro-Insurance ..................................................Error! Bookmark not defined.

1stCredit: .......................................................Error! Bookmark not defined.Leadership .................................................................................................... 9

Conclusion.................................................................................................. 10Nine G20 Principles for Innovative Financial Inclusion: ...........Error! Bookmark not

defined.


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1st Help is incorporated with a vision to make available wide range of services

from varied domain specific to technology enabled Financial Inclusive Solutions.


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Primarily, what need to be done first for any Financial Inclusion project are selection of

Technology and its provider to extend banking-services to the people in the areas where there

are no consistent power supplies or communication links such as telephones or Internet.

Bank account is not enough for Financial Inclusion (FI).

Important missing gaps and action solutions to be carried out to realize the benefits of FI are as

follows:


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Beauty of Technology is not in its complexity, rather than is in its simplicity.

Technology is an enabler, not a driver of Financial-Inclusion.


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Abhishek Pratap Singhs entrepreneurial journey started, while he

was pursing his Software Engineering from NIIT in 1999.

Academically, he had also completed MBA (Marketing). For over 10

years had been associated with MNCs and also with Start-Ups as

Manager and Senior-Manager (including Profit-Centre-Head) in

Finance (Banking) and IT sectors delivering responsibilities of a

System (Business) Analyst, Roll-out, Team Management, Marketing

and also Business Development.

He was Senior Consultant for Johnson-&-Johnson Ltd. (2002-2003) and was helping in

getting the CRM solution designed, developed and deployed in India.

In ICICI Bank (Rural-Banking) he was instrumental in testing and suggesting the

changes required for Financial-Inclusion project that was initiated under the

leadership of Dr. Nachiket Moor the then Executive-Director of ICICI Bank. He also

acted as the subject-matter-expert (2009-2012) in getting the technology developed

(since inception) and deployed the same for few Government (Nationalized) Banks inmore than 5,000 villages (hamlets). The technology company also earned recognition

of the FIRST Service Provider for successful completion across INDIA.


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We have so much more to say about what else could (should) be done, to make the

process smoother, better and more accessible in secured way by the Economically

Poor Individuals (Mass Market).

With this we would like to offer our expertise in Rural-Banking (Financial-Inclusion).

We are sure bank should safe-guard itself against the future problems, as well prevent

itself from reputational-risk which can easily be avoided by learning from the mistakes

already rectified elsewhere in the world.

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