Sustaining high and inclusive growth over two decades, India has implemented wide-ranging reforms that opened up the economy, dismantled the old licensing system and introduced competition into a number of sectors that had previously been dominated by public monopolies. This decisive action has helped the Indian economy to narrow the gap in living standards with advanced economies. Supported by further reforms, convergence accelerated in the 2000s as growth averaged over 8% a year, one of the strongest performances in the world.
SIGN is committed to collaborate holistically with all the stake holders i.e. its Principal Banks, Technical Service Providers, numerous BC Agents, other Civil Societies, NGOs etc. who are engaged into providing Livelihood support to the Bottom of the Pyramid masses.
We have dedicated our time and energy towards facilitating Social and Financial Inclusion ameliorating the poverty causes and issues for the un-served and under-served. Super-objectives i.e. SIGN Goal is to create a low-cost and robust delivery channel at affordable costs. We accept responsibility for the developmental agencies, Governments, our principal Banks and strive to identify, analyze and resolve issues while meeting deadlines in delivery of financial services and various Social Transfer Schemes.
We have so far made decent inroads into 2 large States in India viz. Bihar and Odisha partnering two major Public Sector Banks and one Regional Rural Bank. Principal objective is to facilitate and bring millions of Bottom of the Pyramid (BOP) people under formal and institutional banking arena.
Global Challenge of Financial Inclusion
Financial inclusion encompasses the range, quality, and availability of financial services to the underserved and the financially excluded. Some 2.7 billion adults—almost 70 percent of the population in developing countries—have no access to formal financial service. It is important that efforts to improve financial inclusion focus not only on the financially excluded but also on the underserved population and firms in developing countries.