The XLRI campus in Jamshedpur
Got some innovative financial ideas for the poorest of the poor? Share it with XLRI and earn recognition.
Thinking out of the big business box, the premier B-school have joined hands with National Bank for Agriculture and Rural Development (Nabard) to host a national-level programme where the innovators will be invited to present their financial model.
Innovation4Impact (i4i) aims at providing an opportunity to innovators and social entrepreneurs to demonstrate their success stories to experts such as delegates from different sectors, researchers, faculty and students of B-schools.
The event will be held along with the third XLRI International Workshop on Inclusive Finance from October 31 to November 2.
Applicants need to submit an abstract of the innovation/case with a photograph by September 12 to participate in the competition. A team of experts will then scrutinise and select a few proposals. The final submission has to be made by October 15.
The competition invites successful models that involve livelihood initiatives with finance, banking products for poor, products innovations in micro finance, savings and insurance, sustainable innovations for the ultra poor, innovations in financial literacy and consumer protection, including literacy initiatives through Financial Literacy Centres, micro insurance and community-based initiatives and inclusive technological innovations that include mobile banking.
“Our joint endeavour with Nabard is expected to provide a platform to promote collaborations, integration, and convergence so that the nation’s financial inclusion agenda can be fast-tracked,” said H.K. Pradhan, professor of finance and economics and the convener of XLRI International Workshop on Inclusive Finance.
The idea is to popularise successful cases in the arena of financial inclusion that are recognised as feasible models. “We wish to disseminate innovative experiments to a wider audience so that the models can be adopted in other locations,” said Subrata Gupta, the chief general manager of Nabard.
The three-day XLRI International Workshop on Inclusive Finance will bring together academics, practitioners, micro-finance institutions and NGOs to brainstorm on how to let the needy gain from the present financial set-up.
The mega event will have a series of special sessions by distinguished speakers, thematic panel discussions, presentations of research papers and case studies. Besides, there will a knowledge fair where theme-based information kiosks will be put up. The event is expected to serve as a forum for intensive discussions among all stakeholders involved in financial inclusion.
The details of the workshop — from themes to submission deadlines — are available on their official website http://inclusivefinance.in/events.html.