On Jana Diwas 2019, Jana Small Finance Bank draws on financial inclusion
Jana Small Finance Bank - one of the 10 financial institutions which had received in-principle approval from the RBI for a Small Finance Bank in 2015 is striving hard to make financial inclusion a reality for women like Naresh Kumari. It recognises the dire need in society for inclusive financing - one where the pursuit of making financial services accessible at affordable costs to all individuals and businesses, regardless of net worth and size, respectively, does greater good. It tries to bring banking to those who might not have had access in the past by using financial technology that drives banking directly to the people through smartphone apps and easily accessible websites.
Jana Diwas 2019 - Connecting the “high street” to the ‘last mile”
As its annual tradition, Jana Small Finance Bank celebrated its fourth Jana Diwas, recognizing its customers' success in achieving financial independence and drawing attention to financial inclusion, which is at the core of its existence. The financial institution has propped up efforts on the micro, small and medium enterprises after becoming a bank and has received solid reception and trust from depositors after it commenced its banking operations last year. Its business model helps offer high interest rates and fully digitized services to its banking customers and truly connecting the “high street” to the ‘last mile.”
Jana Diwas celebrates the stories of its most inspirational customers and highlights how its women clients have benefited from its customer-centric approach. Jana Bank invites these select customers and their family members, policy makers, media and partners to narrate and hear these true life examples of what financial inclusion can truly achieve. The stories are selected by an eminent jury.
The illustrious panel of the Jana Diwas 2019
This year’s event was graced by the presence of Guest of Honour Shri Dr. Krishnamurthy Subhramanium, Chief Economic Adviser, Government of India, who shared his thoughts on financial inclusion with the audience.
“I am honored to be a part of the fourth Jana Diwas which is organized to celebrate the successful relationship of Jana Bank with its customers and employees. Financial inclusion is something I am passionate about and I believe it will play a crucial role in achieving the 5 trillion-dollar economy goal. I wish Jana Bank great success so that they keep educating customers about financial literacy for millennials to come, `` he said.
The panel included some high-profile names apart from Mr. Subramanian. Mr. Sudarshan Sen, former Executive Director, RBI; Ms. Jayshree Vyas, Managing Director, SEWA Bank; Mr. P S Jayakumar, MD & CEO, Bank of Baroda; Mr. Alok Mishra, Professor, Public Policy and Governance, MDI Gurgaon and Mr. Krishnan Dharmrajan, Executive Director, Centre for Digital Financial Inclusion graced the panel for an in-depth discussion on Financial Inclusion, the importance of connecting the High Street to Last Mile, and on marrying technology with financial inclusion. These discussions were moderated by Mr. Mihir Bhatt, Chief Editor IP’s, Times Network.
Another selected customers of Jana Bank, who was also present at the event was Kavita Sawant From Ghatkopar, Maharashtra, who had to incur a huge cost of her father-in-law’s treatment with a meagre income without hampering her children’s education. It was her passion that came handy to afloat the family. She decided to take up the catering business in a big way but the investment was a hindrance for her. With the help of a friend, she resolved it by taking a group loan of Rs. 15000 from Jana Small Finance Bank. Her hard work and culinary skills made a perfect brew for her business success.
Many such customer stories were sent to Jana Bank from across the country. Their stories were shortlisted and selected by a panel of jury members co-chaired by, Dr. D. Subbarao, former Governor, RBI & Mr. Vinod Rai, former Comptroller & Auditor General of India along with other jury panel members Mr. Anand Sinha, former Deputy Governor RBI; Mr. Tamal Bandyopadhyay, Sr. Advisor, Jana Small Finance Bank and Dr. Nandakumar Jairam, Chairman, CEO & GMD, Columbia Asia Hospital.
Reiterating their efforts towards upliftment of the society, Mr. Ajay Kanwal, MD & CEO, Jana Small Finance Bank said, “Customers are like our extended family with whom our employees interact on a daily basis. Since the bank’s inception we have assisted and enabled millions of customers as well as employees to achieve financial stability thereby improving their lives. We at Jana Bank strongly believe that financial literacy must go beyond opening an account, and lead to prosperity and jobs. It is indeed a privilege for us to partner and witness the success stories of many families who have transformed their lives with their own hard-earned money.”
To learn more about Jana Bank and their services, visit https://www.janabank.com