Financial Literacy Program at Kolar
AKMI conducted Financial Literacy Program at Kolar on 7-11-2017
All posts by AKMI
COO and State Head on 10-8-2016 at Bangalore
AKMI has conducted workshop for COO and State Head on 10-8-2016 at Bangalore. 22 participates from various MFIs participated in the workshop. the Topics discussed were Multiple lending KYC norms customers migration and NOC issues.
Responsible Lending at Bangalore on 27-5-16
AKMI has conducted workshop on Responsible Lending at Bangalore on 27-5-16 COO and loan officers from various MFIs from Karnataka attended the meeting.
Workshop on 12.5.2016 at Bangalore
AKMI has conducted audit workshop on 12.5.16 at Bangalore. 40 representatives from various MFIs from Karnataka participated in the workshop.Risk management, Digital finance, portfolio audit etc were discussed in the audit workshop.
District Workshops
During the month of July-2015, AKMI has step ahead to start District Workshops in all the district of Karnataka. In respect of this, in the month of July AKMI has successfully completed workshop/s at Hassan, Mandya, Ramanagar, Chikkaballapura and Bangalore. Around 25 members of various mfis operating the district were participated in the workshop/s in all the district.
The topics of workshops were:
- Industry Code Of Conduct (CoC) and Fair Practice Code (FPC) given by RBI
- Grievance Redressal Mechanism (GRM)
- Credit Bureau Matter (CB)
- Dist AKMI Meeting
Annual Report
Audit Workshop on 20.02.2015
Audit Workshop was held on 20.02.2015 at Ashirwad, Bangalore.
Shri K J Morab, CEO, AKMI welcomed all the participants and all the participants were introduced.
- 32 members from various mfis have participated in the workshop.(32 +3 from AKMI =total 35)
- Experts from GKFSL, UJJIVAN and Janalakshmi and Equitas were resource persons.
- The following topics covered in the Audit workshop.
- Identification, control, monitoring of risk, Prioritize the risk, and role of Internal Audit. PPT presented by Shri ‘Biju peter from Janalakshmi Mfi
- Audit case studies: PPT Presented by Shri Prakash from GKFSPL
- Audit system at Ujjivan: Presented by Shri Sekhar from Ujjivan.
- Risk audit and internal audit: Procedure followed at Equitas Mfi presented by Shri Sridhar, Head, operational Risk, Equitas
- Ombudsman activities and process by Shri Pamadi, Ombudsman AKMI
It was decided to conduct the next audit workshop by May end/ June 1st week of 2015.
The following topics will be discussed in the next workshop.
- Automation of risk auditing – to be presented by Shri Sambandamurthy, FFSL
- Various risk factors from recruitment to risk mitigation- to be presented by Ms. Tanushree, Nirantara
Annual Report
Attended SLBC Meeting on 01.12.2014
AKMI CEO attended 129th SLBC meeting at Vidhan Soudha, Bengalore. Mr Koushik Mukharjee, Chief Secretary, Govt. of Karnataka and Smt. Latha Krishna Rao, Additional Chief Secretary, and Development Commissioner, GoK attended the meeting. Smt Uma Shankar, Regional Director, Reserve Bank India and Mr Chintala, CGM Nabard participated. The following were the discussions and deliberations.
- The major discussion was on P M J D yojana.
- There are 95.4 lakhs house hold in Karnataka out of which77.5 lakhs survey is completed – 88% survey is completed. Remaining to be completed on or before 25-1-15 3)DK ,KODAGU and Chickmagalur completed 95% and Mandya Koppal and Chamarajnagar are less than80% 4)Karnataka Govt has introduced 3 new schemes a)Rajeev Gandhi -educational loans to students-interest free loans-scholarships. b) Krishi Bhagya-rain water harvesting-80% subsidy (General) from Horticulture dept and for SC STs 90% subsidy. Taking 5 Talukas at a time. c) SMEs for new projects–1000 unemployed youths to be covered in 14–15.Bankers were requested to involve in these schemes.
- 20000–JLG targets given to banks .So for achieved 9000/– (55%) remaining to be achieved by March .Nabard will pay Rs 2000/ per group, for formation of JLG groups.
- Smt Lata Krishna RAO expressed some of the practical problems in PMJD yojana.
a) Multiple account opening in one family–Survey is to be checked. b) Bankers adjusting the subsidy to another existing loan account’s) Minority community S B accounts are not opened by Bankers. Credit Limit given to B C s are very less. Fate of dormant accounts.
5. SL BC to take up these matters with central Govt –finance dept.
6. Linkage of ADHAR in Mysore Tumkur Dharwad at 98% remaining Dist are slow.
7. Pomegranate and Grapes crops are affected in Karnataka, Bankers are requested to raise to the occasion and assist the farmers.
8. APMCs in Karnataka started Electronic Markets.155 such markets are already functioning.
9. Smt Umashankar informed that the C D ratio in Karnataka is not satisfactory,-DK UK Udupi dists are pulling down the CD ratio of Karnataka.
10. Mr Chintala CGM Nabard informed that out of 30 Dist –16 Dists have not achieved AGRI targets due to natural calamities .Term loans to be encouraged.
Financial Literacy Program at Bagalkot on 28th Oct 2014
This is 10th event under AKMI banner along with district units.
Around 350 clients of various mfis were attended and benefited out of it. The program was inaugurated Shri Jayaprasad Shetty, LDM, Syndicate Bank, Bagalkot, Shri Doodihallli, DDM, NABARD, Bagalkot, by Shri Dhamodhar Rati, Secretary, Bagalkot District Chamber of Commerce and Industries, Bagalkot. From AKMI Shri Suresh K Krishna, Vice Chairman, Shri Vivekanand N Salimath, Director, Shri Krishna Morab, CEO and Shri B M Pamadi, Ombudsman were on the dais.
The program was grand successful with help of participants, BDCCI and all MFIs who are operating in the district i.e. SKS, Ujjivan, GK, Muthoot, L&T, Chaitanya and Spandana.