Terminal evaluation - Financial inclusion for improved livelihoods

Report Cover Image
Evaluation Plan:
2013-2017, India
Evaluation Type:
Final Project
Planned End Date:
01/2014
Completion Date:
03/2013
Status:
Completed
Management Response:
Yes
Evaluation Budget(US $):
20,000

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Title Terminal evaluation - Financial inclusion for improved livelihoods
Atlas Project Number: 00061074
Evaluation Plan: 2013-2017, India
Evaluation Type: Final Project
Status: Completed
Completion Date: 03/2013
Planned End Date: 01/2014
Management Response: Yes
Focus Area:
  • 1. Others
Corporate Outcome and Output (UNDP Strategic Plan 2014-2017)
  • 1. Output 1.2. Options enabled and facilitated for inclusive and sustainable social protection
Evaluation Budget(US $): 20,000
Source of Funding: Core
Joint Programme: No
Joint Evaluation: No
Evaluation Team members:
Name Title Email Nationality
Catalytic Management Services INDIA
GEF Evaluation: No
Key Stakeholders:
Countries: INDIA
Lessons
Findings
Recommendations
1 Documentation of models from the view of what work well in which context, with what key factors, etc. to be developed
2 There are areas within current models where more work is required to fine-tune the models and approaches to improve effectiveness and sustainability
3 While the models have been tried out and implemented well, there is a need to productise these with clearly laid out protocols so that the ?how to do? for scale up can be addressed well
4 The knowledge sharing as done so far in Solution Exchange and through focused studies and dissemination is important to make the work effective.
1. Recommendation: Documentation of models from the view of what work well in which context, with what key factors, etc. to be developed
Management Response: [Added: 2015/11/17]

All activities conceived under the project were attempts to reach out to the excluded and marginalized social groups and underserved area. Therefore, proper documentation was a prerequisite of all the initiatives. The project began and concluded with stakeholder consultation and devising an appropriate dissemination strategy

Key Actions:

Key Action Responsible DueDate Status Comments Documents
The project was well documented and the case studies and lessons learnt reports were disseminated in various platforms including NABARD the co-implementing agency.
[Added: 2015/11/17] [Last Updated: 2017/08/22]
UNDP 2015/11 No Longer Applicable [Justification: Project closed]
History
2. Recommendation: There are areas within current models where more work is required to fine-tune the models and approaches to improve effectiveness and sustainability
Management Response: [Added: 2015/11/17]

: In a country as vast and diverse as India there is a constant need to fine tune the models and work with the stakeholders to improve the effectiveness and sustainability. External factors such as government schemes and programmes also impact these initiative in a big way. The challenge is to continuously innovate and respond effectively to the changing context

Key Actions:

Key Action Responsible DueDate Status Comments Documents
The models were developed jointly with NABARD which is the national institution responsible for financial inclusion. Most of the models developed and tested were linked to national flagship programmes like the National Rural Livelihood Mission to ensure sustainability
[Added: 2015/11/17] [Last Updated: 2017/08/22]
UNDP 2015/11 No Longer Applicable [Justification: Project is closed]
History
3. Recommendation: While the models have been tried out and implemented well, there is a need to productise these with clearly laid out protocols so that the ?how to do? for scale up can be addressed well
Management Response: [Added: 2015/11/17]

Indian Financial landscape is very mature and diverse. It ranges from credit co-operatives, multi-state cooperative Banks, Scheduled Commercial Banks, Development Finance Institutions and Micro Finance Institutions. Each of these institutions work within their unique set of legal and regulatory constraints to best achieve the double bottom line of commercial viability and social responsibility. What UNDP ?NABARD collaboration did was to alert the diverse players regarding the need to put the focus back on the excluded and marginalized social groups. The scale up has happened but in a diverse manner

Key Actions:

Key Action Responsible DueDate Status Comments Documents
UNDP joined hands with a number of other players in this productization process and a number of the innovations were institutionalized in subsequent efforts of broadening and deepening financial inclusion
[Added: 2015/11/17] [Last Updated: 2017/08/22]
UNDP 2015/11 No Longer Applicable [Justification: Project is closed]
History
4. Recommendation: The knowledge sharing as done so far in Solution Exchange and through focused studies and dissemination is important to make the work effective.
Management Response: [Added: 2015/11/17]

: We appreciate the recognition by the evaluators on the pioneering work done by Solution exchange in disseminating the findings of the project.

Key Actions:

Key Action Responsible DueDate Status Comments Documents
The Solution exchange continues to disseminate the best practices in financial inclusion in India
[Added: 2015/11/17] [Last Updated: 2017/08/22]
UNDP 2015/11 No Longer Applicable [Justification: Project is closed]
History

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