CHALO NETWORK

Catalysing Financial Inclusion and Direct Benefit Transfers for Low Income Migrant Households in India

WINNER OF

The Chalo Network is a financial inclusion initiative by India Migration Now to provide suitable financial services to low income migrant households in India. Our vision is to build a financial services distribution network in all the major migration corridors within India.

The Chalo Network is a financial inclusion initiative by India Migration Now to provide suitable financial services to low income migrant households in India. Our vision is to build a financial services distribution network in all the major migration corridors within India.

Problem

Migrant workers and their multilocational households face unique financial inclusion challenges.

They often  lose out on vital welfare schemes  due to issues of documentation. Sometimes, they end up losing their IDs while travelling and are unable to access any services in the cities.

Frequent KYC failures due to discrepancies/errors  in documents or biometric/authentication issues demotivate them from using the financial system. Many can’t afford the  cost of the bureaucracy  involved – often, a whole day’s wages.

Back home, the  long distances between bank branches and villages are a problem. Even with a smartphone, poor connectivity and telecommunication infrastructure  results in no or low usage, more so for women.

Migrant workers and their multilocational households face unique financial inclusion challenges.

They often  lose out on vital welfare schemes  due to issues of documentation. Sometimes, they end up losing their IDs while travelling and are unable to access any services in the cities.

Frequent KYC failures due to discrepancies/errors  in documents or biometric/authentication issues demotivate them from using the financial system. Many can’t afford the  cost of the bureaucracy  involved – often, a whole day’s wages.

Back home, the  long distances between bank branches and villages are a problem. Even with a smartphone, poor connectivity and telecommunication infrastructure  results in no or low usage, more so for women.

Our Solution Framework

The Chalo Network will deploy Banking Correspondent (BC) agents across all the major migration corridors at both source and destination for delivery of suitable financial solutions to low income migrant households.

The Chalo Network will deploy Banking Correspondent (BC) agents across all the major migration corridors at both source and destination for delivery of suitable financial solutions to low income migrant households.

MIGRANT CENTRIC

Placing the migrant and their household at the centre of the initiative.  

TOTAL FINANCIAL INCLUSION

Complete, end to end, customer led solutions.

LIFE CYCLE APPROACH

Factoring in the entire migrant life cycle.

PILOTS

PILOT  1 : MAHARASHTRA

Conducted between December 2019 – February 2020 in Thane district of Maharashtra.

PILOT 2 : MP-DELHI NCR

Underway from October 2020 in the Madhya Pradesh to Delhi NCR corridor.

PILOT I: MAHARASHTRA

Conducted between December 2019 – February 2020 in Thane district of Maharashtra.

PILOT 2: MP-DELHI NCR

Underway from October 2020 in the Madhya Pradesh to Delhi NCR corridor.

TIMELINE

PARTNERS

Write to us at chalonetwork@indiamigrationnow.org to partner with or learn more about The Chalo Network.

Write to us at chalonetwork@indiamigrationnow.org to partner with or learn more about The Chalo Network.

TESTIMONIALS

Migrants always face the risk of having documents stolen or lost in transit, says Jitendra, of Banda, UP. He needs to enrol for government benefits in Thane but the old, frayed photocopies he has brought with him to Thane where he works are not accepted.

Sanajul is a supervisor on a construction site in Thane. His monthly income is often not sufficient for his family of five, back home. He wants to invest to earn more but does not want to go to banks because they usually do not have schemes for workers like him. He wants to know about different options to increase his wealth base, but also cannot visit banks on weekdays because he cannot afford to lose the day’s wages.

Ramesh been working on a construction site in Maharashtra for the past one and a half years and home is in far away UP. In all this time, he has never visited the bank branch near the site. He has to work all 7 days a week, and he does not feel welcome at the bank branch because of staff behaviour.

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Copyright: South East Migration Foundation 2021

imn logo.PNG

Copyright: South East Migration Foundation 2021