A Report on Joint Learning Programme on Rural Banking Practices.

VALLUVAR COLLEGE OF SCIENCE AND MANAGEMENT
DEPARTMENT OF MANAGEMENT

A Report on Joint Learning Programme on Rural Banking Practices.

Submitted by R.VidhyaShankari & P.MeenaLoshini.

A Joint Learning Programme on Rural Banking Practices for the students of MBA and M.Com (CA) with Frances Bradford, University of Toledo, USA and Nicole George, University of Miami, USA was organised by Valluvar College of Science and Management on 10.04.2014 at Indian Overseas Bank, 80 feet road, Karur.

The chief guests for the programme were

  • Mr.Murugesan, Lead Disrtict Manager, IOB ,Karur.
  • Mr.Parthiban, AGM, NABARD.
  • Mrs.Damayanthi,. Director, Rural Self Employment Training Institute(RSETI), IOB
  • Mr.Soundarapandian, Faculty, RSETI, IOB
  • Mr.Sandhanam, FLCC

Along with the chief guests, our chairman Mr.Senguttuvan, Mrs.Hemalathasenguttuvan, Secretary and Ms.DharaniSenguttuvan, Governing Council Member, Valluvar College of Science and Management also gave their gracious presence.

The session started with the self- introduction of the participants. The welcome address was delivered by Ms.DharaniSenguttuvan, Governing Council Member.

The Session was taken over by Mr.Murugesan, Lead District Manager, IOB, Karur. The Highlights of his speech were

  • Financial inclusion in India
  • Inclusive growth in India
  • Core banking solution
  • Growth of financial inclusion in India
  • Support of technology in catering banking services
  • Essentials for getting into financial inclusion
  • Business correspondence model
  • Subsidies delivered to the right person
  • Concessional schemes by Central Government
  • Financial literacy
  • Issue of Smart cards
  • KYC norms
  • Biometric system

He concluded his speech by stating that the financial inclusion progaramme aims “Reaching the unreached.”

The second session was handled by Mr.Parthiban, AGM, NABARD, Karur. He gave a Brief introduction about the functioning of Self Help Group(SHG) with the help of a short film.The essence of the film includes

  • Formation of a SHG
  • Concept of SHG
  • Parameters forjudging SHG functioning
  • Records to be maintained by SHG
  • Economic activities undertaken by SHG
  • Economic activities undertaken by SHG
  • Transformation of the group members towards better living
  • Do’s and don’ts in a SHG
  • Growth rate of SHG in IndiaThe short film “The Luminous Link” on SHG gave a better understanding about SHG which serves as a tool to financial inclusion.

Another short film depicting the success story of Swathanthiram SHG was aJso screened. The film brought into light the various challenges faced by the members. With a proper code and discipline, being a wage earner of a soda factory, they turned as the owner of the same soda factory. To reach this level, they were initially into various they were initially into various economic activities which is best suited for their region. Their hardwork and sincere efforts were reaped in the form of getting loans from the bank,and they were appreciated for the settlement of loans on time by the bank manager.

The successful ladies of Swaathanthiram SHG gave their gracious presence before the gathering and they were able to share their experiences.They also answered to the questions raised by the Audience.

The American students were facilitated by Valluvar collegeof Science and Management followed by feedback from the students. The programme came to an end with the Vote of Thanks which was delivered by Ms.DharaniSenguttuvan, Governing Council Member,Valluvar 2014-04-15College of Science and Management.