Diary of a Rural Manager!

Previous Posts: Vocational Orientation and Counseling in Skill Development and Youth Mobilization Process in Skill Development can be accessed here. At present, developed countries don’t have the demographics to support their labor market and will need to depend on the rest of the world.  India has a working population of 400.7 million with a thriving education sector. India’s demographic dividend can be leveraged to meet the requirements of developed countries across diverse sectors. For the last 30 years or so, India’s youth have been part of the workforce across the Middle East, Canada, and the United Kingdom.   Yet the proportion of formally skilled workers in India is extremely low, at 4.69% of the total workforce, compared to 24% in China, 52% in the US, 68% in the UK, 75% in Germany, 80% in Japan, and 96% in South Korea.  Hence, the skills ecosystem should not only cater to the existing Indian industry requirements but should have a definite room for the int...

India is among the top three global economies in the number of digital consumers. With 560 million internet subscriptions in 2018, up from 238.71 million in 2013, India is the second-largest internet subscriptions market in the world. [1] The Government of India runs large-scale benefits and subsidy programs for its citizens.  To ensure accurate targeting of the beneficiaries, digital verification to eliminate duplicates, ghost recipients, and fraud. Direct Benefit Transfer (DBT) was started on 1st January 2013. DBT is utilized to eliminate losses and inefficiencies in the disbursement of benefits and subsidies across wages, food, fertilizer, cooking gas, power, and other areas. Direct Benefit Transfer is already showing the changing landscape of the government-to-citizen (G2C) payments system. Requirements To further expand the reach of such digital payment programs, banking infrastructure needs to be enhanced by ensuring sufficient bank branches, banking correspondents, the post ...

“Never invest in a business you cannot understand.” - Warren Buffett Experience is a bad teacher as it gives the test before lessons. I have invested last year amid the SENSEX meltdown ( Portfolio in Aug 2020 ) and ( My Investment Universe ). The wealth was created in the bear market (60% upsurge). I have tried to document personal decisions and convictions from the experience in the equity market. Any stock market is driven by herd mentality and kept afloat by confidence. The system is inherently a closed-feedback loop. Hence, sharing experiences matters. My investment philosophy is really simple: invest in great businesses. My diligence is also focused on finding the sources of the competitive advantages of these companies, their track record of dealing with technological disruptions, and the wisdom of their capital allocation decisions. Lessons 1. The long-term target is to own 10 to 20 stocks in the portfolio. I have trimmed down the portfolio from 34 to 21 stocks. No individua...

A few days ago, I read a blog post ( Understanding Collective ) and a working paper ( The current and potential role of self-help group federations in India ) on the SHGF (Self Help Group Federation).  I have the privilege of working with Chaitanya and the NRLM program for promoting community-based institutions.  I am sharing my insights from reading literature and working with SHGF. This was long overdue with the promise made to Dr. Sudha Kothari madam.  A brief outline on SHGF before diagnosis: The role of SHGFs has varied by state, promoter organization as SHPIs (government, multilateral, or NGOs), and program maturity. SHGFs play diverse roles, their common goal is to strengthen SHGs, route the finance to SHGs, build their capacity and make them organisationally sustainable.  SHGF is usually set up in three tiers (SHG, village cluster, and federation). SHGFs engage in financial intermediation. SHGF acts as the host organization for the SHG in terms of channelin...