Bridging the Gap
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55%
Individuals are not aware of relevant safety nets set in place by the government
88%
~400 million of India’s labor force have no access to appropriate social security
The Indian government has a wide range of social protection schemes for informal workers and entrepreneurs. However, several challenges prevent the uptake of welfare schemes within the underserved and vulnerable populace.
Due to lack of digital infrastructure, low educational, digital and financial literacy
For informal workers that are prerequisites for application to schemes
To apply and claim benefits of the schemes
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In the ranking of United Nations Sustainable Development Goal Report, 2021 India ranked 121st out of 169 countries. Overall, India scored low on SDG 1 (No Poverty), SDG 2 (Zero Hunger), SDG-4 (Quality Education), SDG 5 (Gender Equality), and SDG 10 (Reduced Inequality)
For informal workers that are prerequisites for application to schemes
According to the Economic Survey 2022-23, insurance penetration in India is at 3.2%. Further. the penetration of life insurance in rural areas is significantly lower than the urban areas with only 22 % of the rural population owning life insurance products
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Our Research and Knowledge Services
Plain Grants
Use Case
For women who need one-time basic literacy and access support, the first step on their path to graduation
Interventions
Financial Literacy & Financial Inclusion
Plain Grants
Use Case
For women who need one-time basic literacy and access support, the first step on their path to graduation
Interventions
Financial Literacy & Financial Inclusion
Plain Grants
Use Case
For women who need one-time basic literacy and access support, the first step on their path to graduation
Interventions
Financial Literacy & Financial Inclusion
Plain Grants
Use Case
For women who need one-time basic literacy and access support, the first step on their path to graduation
Interventions
Financial Literacy & Financial Inclusion
Plain Grants
Use Case
For women who need one-time basic literacy and access support, the first step on their path to graduation
Interventions
Financial Literacy & Financial Inclusion