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Nationl Seminar

on Launching a
National Initiative
for Financial Inclusion

Presentation by

G Pandurangan
Chairman
South Malabar Gramin Bank 1
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South Malabar Gramin Bank
Sponsored by Canara Bank in Kerala

8Districts
228 branches+1 A/cs Section
Total Business of Rs.5000 Cr.
Making profit since inception
Sri S.Ramaswami,RD,RBI,Thiruvananthapuram
inaugurating our Karimkunnam branch ,Idukki Dist.
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SOUTH MALABAR GRAMIN BANK
Sponsored by Canara Bank

Our Achievements under Financial Inclusion

• We are the first Bank in


the State to achieve total
financial inclusion of one
ward of the command Area.
At Palakkad

Lighting the lamp of rural development 4


News covered in visual media on Financial Inclusion
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South Malabar Gramin Bank

A novel experiment in Financial Inclusion

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South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM –LADIES BORROW FROM MONEY LENDERS


TO SEND THEIR CHILDREN TO SCHOOL 7
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM –MONEY LENDER THREATENING


THE POOR VILLAGERS- A COMMON SIGHT
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South Malabar Gramin Bank, Sponsored by Canara Bank
SNEHA GRAMAM

•REASONS FOR STRONG EXISTENCE OF MONEY


LENDERS

•Banks lend mainly for productive purpose


•Borrowers requirement are of different nature
•Nominal amount
•Instant requirements
•Fear to approach the Bank
•Don’t know how to present their problems
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South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM

•INITIATIVES
•SMGB – A Bank with social commitment
•Instead of people going to Bank,
•Bank went to people
•Involved CDS/NGO/Farmers Club/ Grama Panchayat
•Conducted survey
•Screening committee (representatives) studied
•Committee recommends the loan amount
•Loan amount consists of present debt and to
•Start income generating activities 10
South Malabar Gramin Bank, Sponsored by Canara Bank

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South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM- FIRST SURVEY CONDUCTED TO IDENTIFY


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THE RURAL INDEBTNESS TO MONEY LENDERS
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM –BANK CONDUCTS EXTENSIVE SURVEY


WITH PEOPLE & LOCAL BODIES PARTICIPATION 13
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM –BANK CALLS FOR MEETING


FOR CREATING AWARENESS & INCULCATE
HABIT OF SAVINGS 14
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM- OPEN ZERO BALANCE ACCOUNTS


AND FINANCIAL ASSISTANCE EXTENDED TO REPAY
MONEY LENDER 15
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM –INAUGURATED BY HON.UNION MINISTER


SRI.E AHAMMED AT PULIKKAL
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South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM- INAUGURTION


BECOMES A VILLAGE FESTIVAL 17
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM
SOLUTIONS
•Formation of neighbourhood groups
•No collateral except SNEHAM (PYAR)
•The only security is love & affection

•PILOT PROJECT
• implemented in 8 branches
•Started on Aug 15th 2007
•with overwhelming support of the public
•Extended to all the 228 branches
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South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM- Sri V S Achuthanandan, Chief Minister, Kerala


Declares Koyalmannam as money lender free village
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South Malabar Gramin Bank,

SNEHA GRAMAM- A SUCCESS STORY -IMPLEMENTED IN 228 VILLAGES


17963 FAMLIES ASSISTED WITH RS. 2942 LAKHS, ISSUED 8487 SMGBCC
CARDS AIMED AT RURAL DEBT REDEMPTION 20
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM- A SUCCESS STORY –CHAIRMAN RECIEVES CITATION FROM CHEMANCHERY


GRAMA PANCHAYAT IN
APPRECIATION OF THE GOOD WORK AT THIRUVANGOOR 21
South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM- A SUCCESS STORY – FREED FROM THE NIGHTMARE OF MONEY LENDERS
THEY START NEW INCOME GENERATING ACTIVITIES

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South Malabar Gramin Bank, Sponsored by Canara Bank

SNEHA GRAMAM
ZERO BECOMES HERO
•No of House holds assisted : 1,52,641

• Balance in zero balance account is now


Rs.10,03,84,050/-

• No. of RD Accounts started – 8510

• The myth that the poor did not have the will to
save was shattered
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South Malabar Gramin Bank
District wise coverage of No frill accounts

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South Malabar Gramin Bank, Sponsored by Canara Bank

FARMERS CLUB –

ANOTHER SUCCESS STORY WRITTEN


IN GOLDEN LETTERS

CAPACITY BUILDING, SOCIAL RESPONSIBILITIES,


CAPITLISING GROUP SYNERGY
SCIENTIFIC PRACTICES
MARKETING EFFORTS,
COLLECTIVE FARMING
FARMER EDUCATION
POVERTY ALIVEATION
BUILDING A RAPPORT WITH FARMING COMMUNITY 25
South Malabar Gramin Bank,

FARMERS CLUB –ARIMBRA FARMERS’CLUB SUCCESS STORY- DRY LAND WITHOUT CULTIVATION
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South Malabar Gramin Bank,

FARMERS CLUB –ARIMBRA FARMERS’CLUB


ANOTHER SUCCESS STORY WRITTEN IN GOLDEN LETTERS 27
South Malabar Gramin Bank, Sponsored by Canara Bank

FARMERS CLUB –ARIMBRA FARMERS’CLUB SUCCESS


Export potential, enough of water, unemployed farmers
and cultivable land 28
South Malabar Gramin Bank

SOUTH MALABAR GRAMIN BANK


(SPONSORED BY CANARA BANK)

HEAD OFFICE : MALAPPURAM BRANCH : PUZHAKKATTIRI

With the financial assistance of SMGB Puzhakkatteri they succeeded29in re


introducing paddy cultivation.
South Malabar Gramin Bank,

Demonstration effect

Harvest Festival at
Chandanappally inaugurated
by Sri. Adoor Prakash, MLA

GREEN VALLEY FARMERS CLUB –CHANDANAPPALLY


The first women farmers club 30
South Malabar Gramin Bank
FINANCIAL LITERACY CAMPAIGN

 Conducted Financial Literacy Classes to tribal students


and hamlets to inculcate Savings habits

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South Malabar Gramin Bank
FINANCIAL LITERACY CAMPAIGN

Conducted Financial Literacy Classes to :

 teachers of Primary School under “reach out” programme


in association with Rajagiri College

 final year students of Kerala Agricultural University

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South Malabar Gramin Bank
PILOT PROJECT:
 
In association with NABARD, a pilot project on Smart Card
based financial inclusion is launched, with M/s Source Trace
Systems as the service provider.

We have also identified the BC for the project and hope to


flag off the project shortly.

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South Malabar Gramin Bank

. STUDIES CONDUCTED, VISITS BY DELEGATES:


 
RTC, NABARD, Mangalore have conducted a study of
Snehagramam.

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South Malabar Gramin Bank

. STUDIES CONDUCTED, VISITS BY DELEGATES:


 
Delegates from Korea visited our bank to learn about the
initiatives of the Bank in financial inclusion.

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South Malabar Gramin Bank

. STUDIES CONDUCTED, VISITS BY DELEGATES:


 

Students from Singapore visited our field units as part of


student exchange programme of NIT Calicut

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South Malabar Gramin Bank,

Enabling Technology for Financial inclusion

VILLAGE KNOWLEDGE CENTRE


AT VADUVANCHAL IN ASSOCIATION WITH
M S SWAMINATHAN REASEARCH FOUNDATION
TO DISSEMINATE TECHNICAL KNOW-HOW
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South Malabar Gramin Bank
FINANCIAL INCLUSION TECHNOLOGY FUND

NABARD Sanctioned Rs. 17.62 lakhs for the outlay


of Rs. 23 lakhs

The components of the scheme are:


 
Starting 8 Village Knowledge Centres.
Conducting Farmers’ Seminars.
Conducting Youth Seminar
Establishing Mobile Credit Counseling and Training Centres.
Mass media publication for spreading financial literacy.
Documenting success stories & innovative projects.
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South Malabar Gramin Bank

. FUTURESTIC PLANS

 25 Village Knowledge Centres to be established

 Link these VKCs to Krishi Vigyan kendra and Swaminathan


Foundation

 Establishment of mobile Financial Literacy Units

 Empowering woman through Farmers Clubs and SHGs

 Video documentation of our success stories


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South Malabar Gramin Bank
Launching a scheme under the financial inclusion project

Grama Jyothi Loan Card : Snehagramam Project Phase II

EXCLUSIVELY FOR THE NO FRILL ACCOUNT HOLDERS TO ENABLE THEM


TO TAKE UP INCOME GENERATING ACTIVITIES

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THANK
YOU
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