PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600276

Primary Business Area

Industry Department - Financial Institutions Group

Disclosure Date

Aug 11, 2014

Country

India

Region

South Asia

IFC Approval Date

Jun 11, 2014

Status

Completed

Estimated Total Budget

$285,196.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated End Date

Dec 31, 2015

Project Description

The project will expand access to financial services among the low income migrant population of the country. This will be done by supporting Suvidhaa to expand its agent network in low income states and help make migrants and their families become aware about Suvidhaa's services. Project activities include: 1)Expanding the BC's agent network in under-served areas: Suvidhaa will expand its operations in under-served areas of migrant corridors especially at the receiving end. This will be done by enrolling new agents and training them so that to ensure they can conduct all the transactions without any problems. 2)Increasing the customer awareness: This involves designing financial awareness modules and training the agents and customers to generate sufficient demand for the financial services. 3) The BC will design and implement various incentive policies and schemes for agents as well as for the end customers to drive usage.

Development Results

E&S Risks / Impacts and Mitigation