Why you need to go beyond the numbers to view rural poverty

In the past decade, much progress has been made in India and people have been justifiably proud of the improving economic situation. While most observers point to the top line numbers that show the number of people living below the “poverty line” has been consistently decreasing, by focusing on just these aseptic numbers, they fail to understand and capture the continuing anguish in the rural countryside.

A conversation on Microfinance

Couple of months ago we had the privilege to host Mr. N. Srinivasan in Boston. Mr. Srinivasan is the author of the ‘Microfinance in India: State of the Sector Report 2008’, was Chief General Manager of India’s National Bank for Agriculture and Rural Development (NABARD) where he served for 25 years. Here are excerpts from an interview and Mr Srinivasan’s open letter to the Indian Government.

TIECON Social Enterprise Track Provides New Perspective

For the first time TIECON EAST – TiE Boston’s annual conference on entrepreneurship and innovation – had a dedicated track on Social Enterprise. The three panels for the track were all well attended. Here are some excerpts from an article I wrote for Lokvani about the sessions.

How to multiply your social impact 2X to 6X

Bala Vishwanath, an IIT and IIM alum, saw an opportunity to multiply the social impact of every dollar, quit his job and worked to setup www.UnitedProsperity.org United Prosperity helps provide loan guarantees that enable poor entrepreneurs to borrow from Microfinance Institutions to build their enterprises in developing countries.

An Exercise In Democracy

I recently visited India and was smack in the middle of the Indian elections. Wrote a short piece with my observations. Here is the entire piece from the original site www.Lokvani.com

The Increasing Focus on the Rural Indian Consumer

I have been in India for the past week and one of the trends I have noticed is the increased focus on the rural market. Perhaps it is the ongoing elections or maybe the global recession, but companies across the board seem to have a renewed emphasis on targeting the rural consumer. Here are a few key facts that seem to stand out.

While I was out

I have spent the last month visiting India. As always, it is an exciting and interesting experience. I have not been able to post regularly while traveling. I hope to resume in a week’s time after I return.

Get engaged in Charitable giving

I wrote an article recently on how Indian Americans can take a step towards increasing charitable giving. Equally applicable even if you are not an Indian American :-)
I have reproduced the entire article below.

Scaling up healthcare solutions

Last Week’s Time magazine had an article written by Jeffery Sachs titled “Safety in Numbers” that highlights programs that are recruiting community workers to provide basic health services in rural communities. By investing in basic health care training of community workers, these programs provide a safety net for thousands of poor people who would otherwise be unattended.

India’s Poor Get Health Care in a Card

A recent article in the Wall Street Journal, “India’s Poor Get Health Care in a Card”, outlines a program being launched in India to provide affordable healthcare to the masses. The key component of the program, which is targeted at those earning less than $100 per year, is the use of a secure smart card to store the beneficiary’s personal data and fingerprints.