Diary of a Rural Manager!

My Belief - “Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing myself.” ― Rumi

I have decided to lend $25 each month from my salary to people in need of credit. This will be done through KIVA . KIVA is a lending platform with a 99.03% repayment rate for 340,986,325 transactions in ended loans. This loan repayment rate is much higher than any bank. I will decide later on repayments that how much of my money will be further used either as a loan or development aid. This is my Profile at KIVA , so that one can always check the authenticity of the claim. A story of how a small loan from you can change the life of a family How Kiva Works ( http://www.kiva.org/about/how ) 1- Make a loan: You make a loan on KIVA. All KIVA loans are made possible by our Field Partners, who vet, administer, and disburse each loan. 2- Get updates: Throughout the life of the loan, you will see progress updates from Kiva through your e-mail, and if you come back to the site. 3- Get paid back:  As the borrower repays the loan, the money becomes available in your account. This ...

Launched on 1st April 1999, Swaranjayanti Gram Swarozgar Yojana (SGSY) was an integrated scheme for providing opportunities of self employment to the rural poor. Like any other government schemes, this was also prone to corruption and failure. Swarna Jayanti Swarozgar Yojna (SGSY) has been renamed as National Rural Livelihood Mission (NRLM) with added provision. I was reading notification of RBI on National Rural Livelihoods Mission (NRLM) issued way back in June 2013. Uneven spread of SHGs, defunct SHGs and high attrition rate of members were the main issues faced in functioning of SHG in SGSY. This has been tackled through Universalisation of SHGs. Setting up of federations of SHGs is the salient feature of NRLM that can ensure monitoring and validation at community level. Identification of Swarozgari was major source of corruption for Bank, Block and District level officers. A lot of money was taken as bribe for clearance before proper credit reached the beneficiary. Even non ...

Household final consumption expenditure constitute India's 59.5 percent of GDP in 2008-2012 as per world bank data. Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. Consumption shows utilization of wealth but the question runs deeper than figures. Is wealth creation enough ? Is wealth reaching the poor household even with the above 5% GDP growth rate? Lop sided nature of Indian capitalism promotes few entrepreneurs, mostly as an employees and almost all as a consumers. This is well reflected in our quest to create jobs rather than suitable ecosystem for a new venture. I am seeking attention towards our socio-economic environment where masses are looked as consumers rather than producers. By focusing only on profit making, even BOP reduces the concept of wealth to just money, and the rest – i.e., the commun...

“Small changes can produce big results – but the areas of highest leverage are often the least obvious.” – Peter Senge XIMB hosted 1st National Symposium on Rural Management on November 9th-10th 2012 [ Photo Album ]. The event brought together institutions, academics, professionals, key client groups and other stakeholders to deliberate on the issues, pool experiences and develop strategies and designs for expansion, institutionalization and better domain engagement. Papers / presentations were invited on five aspects of the Rural Management field listed here - 1. Rural Management in the Next Decade – Tasks, Organizations and Professional Needs 2. Rural Management – Defining the Field 3. Programs in Rural Management – Intent, Design, Content and Issues 4. Praxis in Rural Management 5. Strengthening Rural Management NSoRM Welcome Flash Video I attended few of the lectures/presentation and it was worth attending them. Eminent personalities like Dr. Mihir Shah, K V Raju, M S...

Thanks to Nikhil Akhouri for that pic !!! Indeed hearing everyone go gaga about 'Sustainable Development' sometimes gives the same feeling!!! "Sustainable development is like teenage sex - everybody claims they are doing it but most people aren't, and those that are, are doing it very badly.”

Prof. Shambu Prasad , Xavier Institute of Management, Bhubaneswar, is the strict choice of the Villgro Awards' jury for Academic Contribution in 2013. It is so nice to hear and feel lucky to be taught by our own professor who is getting recognized for his works. Such achievements help in positioning XIMB as an institute with a difference.