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News — banking

UPDATE: Banking at Chota Tingrai Tea Estate

John Grams Assam banking Chota Tingrai Tea Estate social projects

UPDATE: Banking at Chota Tingrai Tea Estate

What we have accomplished so far As of January 15, we have managed to open bank accounts for all Chota Tingrai’s permanent workers. Additionally, 85% of casual workers now have accounts. We hope to complete casual worker bank account enrollment in a few weeks. The credit for this progress goes to our banking correspondents. They have worked tirelessly, helping workers fill out applications. They have met with bank officials innumerable times to ensure the bank understands workers’ needs. Thanks to the banking correspondents, the bank has agreed to install ATMs with biometric identification. This will eliminate the potential of pin...

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Demonetization on Indian Tea Estates and What Mana is Doing to Help

John Grams banking Chota Tingrai Tea Estate social projects

Demonetization on Indian Tea Estates and What Mana is Doing to Help

 “At 11:29 PM you had 2500 INR in your wallet. At 12.00 AM you had 5 pieces of paper.” If you follow the Indian news, then you have heard about demonetization- the sudden removal of 1000 and 500 Indian currency (INR) notes, or 76 percent of the currency, from economy.  This has had huge impacts, both good and bad. Every Indian has debates the merits and costs of the move. Their only certainty: that the Indian economy will never be the same. On this blog, Mana provides an on the ground view of developing a social business in India. Because...

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