Universal Financial Access - India

Make India an Inclusive Economic Superpower

Make India an inclusive economic superpower without burning buses, blocking traffic or sending roses. See Baby Steps category under Forum

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Basudeb Sen

Payments System Vision: RBI contribution to UFA 2 Replies

Started by Basudeb Sen in General. Last reply by Basudeb Sen Feb 17.

Sanjay Bhargava

RBI Governers Speech on Financial Inclusion 2 Replies

Started by Sanjay Bhargava in General. Last reply by souren ghosal Jan 11.

Sanjay Bhargava

2010 - A seminal year for UFA ?

Started by Sanjay Bhargava in General Jan 1.

 

UFA Partners Lets Do it Delhi

I have been helping my wife Anita with the Lets Do it! Delhi movement with an outrageous goal of cleaning Delhi in a day by September 2010.

Please check out LDID and join as an individual or partner if it makes sense for you to do so. Joining requires taking an oath not to litter and to pick up ten pieces of litter in a month. If you do join LDID please join UFA group on LDID website as well.

I see a lot of synergies which is why UFA is partnering LDID. For example if all the "safai karamcharis" who are likely to become members of LDID have bank accounts and it becomes possible to tip them Rs 1 per month if they did a good job then I think we will have very motivated people and clean streets not just because of the monetary incentive but because of the recognition that their good work is being appreciated.

UFA Movement Overview

UFA or Universal Financial Access is enabled by a "zero cost" financial infrastructure. UFA is achieved when we can provide micro – savings,payments, loans, insurance investment and pensions profitably . Innovation and technology can be used to eliminate the high cost problem.UFA will give every Indian self confidence and a path to financial independence without subsidies.

We have started a movement to get our PM to declare UFA by 2013 a national priority. With this clear signal we believe private capital will rush in and find ways to achieve the goal. The movement is about what needs to be done and not how it should be done.

India has already done this in telecom where we have near universal telecom access and the government has made money. This gives us confidence that if we have the will we can achieve UFA by 2013. If you feel inspired please join the movement and get others both institutions and individuals to join.
Become a fan of our Facebook Page: www.facebook.com/ufa.india.

Blog Posts

Sanjay Bhargava

Budget and UFA - A banking revolution ?

All villages with a population greater than 2000 will get banking facilities by March 2012. Very nice but again the devil will be in the details. The finance minister stated this in his budget speech.



Atul has made some detailed posts on the budget and there are strong reasons for cautious optimism. I hope now some bank CEO's will see this as a great business opportunity. With new banks and increasing competition we may witness a banking rev

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Posted by Sanjay Bhargava on March 5, 2010 at 8:30am

Atul Kumar Thakur

Union Budget 2010-11: Upbeat on Indian Growth Prospects



The stock market witnessed a rare budget rally this time-at least after four years; fiscal policy shaped with the recommendations of the Thirteenth Finance Commission {TFC}that strived for a gradual exit strategy from the expansionary fiscal measures including those of stimulus packages g

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Posted by Atul Kumar Thakur on March 3, 2010 at 7:57pm

Atul Kumar Thakur

James Wilson: Progenitor of Financial Budget in India



“He delighted in India and regarded her resources with hopeful interest, her people with sympathy, her scenery with admiration, and her antiquities with curiosity. Nothing, he said could be imagined more intensely interesting than India…” these word would best canopied the sound affiliati

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Posted by Atul Kumar Thakur on February 24, 2010 at 8:54pm

Atul Kumar Thakur

Expanding Roles of Regional Rural Banks



Regional Rural Banks were first set up in the year 1975, under the RRB Ordinance Act {1975}; the ordinance was later replaced by the RRB Act {1976}. Formation of these banks was the result of the growing realization that the ethos and attitude of the existing Public Sector banks were not

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Posted by Atul Kumar Thakur on February 24, 2010 at 8:52pm

Atul Kumar Thakur

Survival: New Buzzword in Mutual Fund Industry


The recent regulatory ruling by the Stock Exchange Board of India {SEBI} of scrapping distribution fee from equity schemes has multiplied the adversity of smaller fund houses. Enforcement of this practices are now shaping the investors temptation in completely new direction as cost and quality conscious investors now increasingly contemplati

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Posted by Atul Kumar Thakur on February 24, 2010 at 8:48pm

Atul Kumar Thakur

Establishment of RBI: A brief Account



Warren Hastings, the Governor of Bengal during the twilight of eighteenth century was an unusual top end British official who introduced some noble changes within his jurisdiction in colonial India albeit his later life completely defied his pre imminence and early fortune as he became th

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Posted by Atul Kumar Thakur on February 24, 2010 at 8:30pm

Sanjay Bhargava

Jobs at Lets do it! Delhi

The people have to be exceptional. May be deputed from companies or prepared to invest in themselves. You may be the talent LDID seeks or you may know people http://tinyurl.com/yfnwg4u


Posted by Sanjay Bhargava on February 10, 2010 at 8:07am

Atul Kumar Thakur

Breaking Points before Innovation

Innovation stands for the introduction of noble things, ideas or ways of doing something that has been introduced systematically or discovered randomly. Infact innovations are experiment that emerged out from the cognitive order of its progenitor and at best reflect an ideal situation possible through its meticulous execution in a proper given set of order albeit lot of peoples afraid to be in touch with such propositions as they believed it a shaky hypothesis which refrain them for an experimen… Continue

Posted by Atul Kumar Thakur on January 29, 2010 at 7:30pm

Atul Kumar Thakur

Albert Camus: Champion of the Absurd

A maverick freethinker and literary sensation called Albert Camus was born in 1914 in Algeria, then that was despite being under the control of France was apart on many counts which later also shaped his fortune in intellectual circle of France. It was a big misfortune that this genius was died on midway on January 4th 1960, merely at the age of forty-six in a road accident albeit till than he had already reached the ladder of Nobel Prize for literary contribution. An honest historical inquiry f… Continue

Posted by Atul Kumar Thakur on January 29, 2010 at 7:30pm

Atul Kumar Thakur

Revival of Bihar

The economy’s spectacular growth in five years up to 2008-09 was propelled by the initiatives at the grass root level, with the traditional backward and poor states turning into miracle economies. As par new Central Statistical Organization {CSO} surveys, at 11.03 percent, growth rate of Bihar only a step behind Gujarat {11.05%} and much above the National average of 8.49%.Bihar’s this revolutionary growth of 11.03% is almost seems like Chinese growth; the growth rate of Bihar assumes all the mo… Continue

Posted by Atul Kumar Thakur on January 29, 2010 at 7:30pm

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