List of projects undertaken by Sanchayan Society are as follows:
RBI Financial Literacy Guide
Sanchayan Society contributed to the development of the financial literacy guides and trainer manuals published by Reserve Bank of India (RBI). More details can be found on our blog here
HSBC Financial Literacy Material
HSBC India engaged Sanchayan Society to ideate and develop financial literacy material to educate the bank’s low-income customer base since they were new to banking. Sanchayan team of designers and content writers created the material which was launched by HSBC. More details can be found here
IRDA Insurance Literacy Seminar
Insurance Regulatory and Development Authority (IRDA) is working whole-heartedly for the financial literacy of the policyholders and the common people. To meet this goal, IRDA engaged Sanchayan Society to jointly organize an insurance literacy seminar titled ““Insurance needs & requirements for day-to-day life” in Ranchi, Jharkhand. The Jharkhand State Women’s Commission (JSCW) Chairperson Dr. Hemlata S Mohan graced the occasion by being the Guest of Honour. IRDA was duly represented by Mrs. KGPL Rama Devi who spoke on the role of IRDA in insurance sector.
"HERFINANCE" BSR New York
Sanchayan Society is an implementing partner for the HERFINANCE progam in India. HERFINANCE is a specially designed financial literacy program for factory workers which teaches them about various financial literacy practices such as savings, budgeting, borrowing, family finances and managing their money efficiently. This program has been launched globally by Business for Social Responsibility (www.BSR.org). More details about this program can be found here
DSP Blackrock 'Winvestor' Financial Awareness
As part of their CSR DSP Blackrock India engaged Sanchayan Society to undertake financial literacy awareness for low-income women and their families living in urban slums of Delhi. Sanchayan reached out to various ngos working in Delhi/NCR to participate in this program. More details about this program and the press coverage can be found here
Ministry of Finance, SBI and GIZ supported CASH-NEFT
The Department of Financial Services which is part of the Ministry of Finance, Government of India, in collaboration with the Reserve Bank of India, The Indian Banks’ Association and public and private sector banks had initiated the CASH NEFT facility which seeks to provide the facility of depositing money into any account with any banks for urban poor migrants. Briefly, this allows any migrant who has an account with any bank in any village to deposit money into that account through any other bank branch or urban Business Correspondent (BC) operating in the cities.
Sanchayan Society was the lead agency for implementing this project among the general public and creating awareness among migrants (specifically depositors who remit money every month back home to villages), so that they are aware of this facility and use the services of all banks in the cities across India, not just their own bank with which they have an account. This project was with technical cooperation from GIZ and under the guidance Ministry of Finance (MOF)and State Bank of India (SBI).
SEBI Investor Association
Sanchayan Society was till recently empaneled with The Securities and Exchange Board of India as an Investor Association. during this period, Sanchayan society many financial literacy and investor awareness workshops on behalf of SEBI.
BSE / NSE Investor Awareness Programs
National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) work for the financial education of new and existing investors so that they are empowered to make better financial decisions. NSE and BSE have created the Investor Education and Protection Fund Trust (IEPF Trust) under the guidance of Securities and Exchange Board of India (SEBI) which is utilized for the investor education and awareness. Both NSE and BSE work with various partners to conduct investor awareness programs, one of them being Sanchayan Society.
GIZ NABARD & IL&FS Financial Literacy Center
IL&FS, as part of their CSR and in collaboration with GIZ India, engaged Sanchayan Society to launch a “Financial Literacy Centre” (FLC) near their waste to energy plant in Ghazipur. This was a pilot experiment to analyse the social acceptability and economic feasibility of setting up and running FLCs with corporate supporters. More details can be found here
Financial Literacy for Rural Women
With support from Asahi Glass Limited, and in partnership with Youthreach India, Sanchayan Society organized and conducted series of financial literacy workshops for rural poor women in Haryana (Rewari district) and Uttarkhand (Roorkee district). The purpose of the workshops was to create awareness about formal Government approved financial services; and build the financial capability of the participants to become a part of the system. Team of Sanchayan financial literacy trainers travelled to Haryana and Uttarkhand to conduct the trainings in the two districts.
GIZ IGSSP Financial Literacy Research
On behalf of IGSSS, Sanchayan conducted an exhaustive survey among low-income households in three states – Rajasthan, Uttar Pradesh and Delhi. The survey focused on the ‘Ability and willingness of low-income groups to contribute towards government social security schemes’. More details can be found here
Research & Development (R&D)
Sanchayan undertakes research and development studies in the field of financial inclusion and financial literacy. We have done research studies for various organizations in the past which has contributed to the sector.
Financial Inclusion - One Family One Account
Sanchayan has implemented the One Family One Account project in Delhi for the beneficiaries of Delhi Government schemes for the urban poor and low-income segment.
GENPACT financial literacy workshops
As part of their CSR, GENPACT engaged Sanchayan to undertake financial literacy workshops for their blue collar workforce with the objective to share financial knowledge and best practices with them