Browsing by Author "Singh, Karam Veer"

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    Rural Immersion project : ASA Bhopal
    (MICA, 2020) Upadhyay, Kaushal; Doshi, Bhavi; Sharma, Shashank Kumar; Singh, Karam Veer; Rupare, Tarun
    RECOMMENDATIONS. • Financial planning training along with the loan programme, to make them ‘Atma Nirbhar’. • Monitoring to check if the loan is actually being utilised for the mentioned purpose. So that it will help in tracking how much of the loan amount go unplanned and how can ASA help them avoid the wastage in unplanned expenses • Promoting Digital Transactions/Raising Awareness to ultimately get more people transacting via Digital Mode. This will ultimately improve operational efficiency and reduce the risk associated with handling large amounts of cash. It will make the process easier as ASA employee’s traveling can be avoided. Also it will help the respondent to track the How much and Where their expenses lie, it will help them plan it efficiently for future purposes. It will also smoothen ASA’s processes including tracking • Increase in subsequent loan amount to those who have not defaulted and have genuine need. For many it will help the families to earn more and will make it easier for them by reducing waiting periods. • Different cap of Loan Amount based on different Purpose. So capping of loan for respondents with high criticality for their livelihood can be kept different for those who want to expand. Also for those who want to venture into a new business generally need more investment and so loan capping for them can be kept different. • Providing loan not as a single but multiple periodic transaction (based on purpose for loan) in order to avoid unnecessary expenditure. In order to avoid the expenditure with unintended purpose, the loan amount based on different respondents must be provided in installments. For eg for a family who in need of money to expand their income may not need the whole amount in one go rather smaller amounts periodically so providing them the loan in breakups will make the transactions in a purposeful direction.