1. INNOVATION I- Zero Mass Foundation

2. Need Drivers

4. infusing credit to smooth cash

5. flows and mitigate irregularity in accessing food, clothing, shelter, or education;

6. cushioning the economic impact of shocks such as illness, theft, or natural disasters.

7. Serving as an alternative to the loans offered by the local moneylender priced at 60% to 100% annual interest,2

9. Present Geographic Expansion

11. This translates to an annual credit demand of USD5.7 to 19.1 billion (INR 230 to 773 billion) assuming loan sizes between USD100 and 250.

12. The low-income but economically active population including

13. small and marginal farmers,

14. landless agricultural laborers, and

15. micro-entrepreneurs, are also potential microfinance clients,

16. The annual credit demand goes further up to an estimated 245.7 million individuals and USD51.4 billion (INR 2.1 trillion) in annual on-lending requirements.Source: Inverting the Pyramid- Changing the face of Indian MicrofinanceDemand Expectations & Target Group

17. Innovation in the SectorZERO Platform ZMF creates the last mile operations network in villages, under pre-defined service agreements with Banks and front-ends the delivery of full-featured transactional services on behalf of Banks for Financial Inclusion on the ground. Zero Microfinance and Savings Support Foundation, is closely affiliated to ALW, has been appointed as a Business Correspondent by 15 Banks, and provides field operations for the ZERO platform.

19. For verification, there is a fingerprint reader.

21. Smart cards not needed for biometric authentication in local service area

22. Mobile phone used for opening accounts on-the-spot by local CSP

23. Voice prompts during enrolment and transactions

25. Enrolling, training and equipping of Customer Service Points (CSPs) in villages to provide various kinds of transaction services

26. cash deposit & withdrawal,

27. transfer of money,

28. payment of utility bills,

29. disbursal of loans & collection of loan installments, and

30. cashless payments at local and remote merchant establishments.

31. Engaging the CSPs to provide enrolment services for opening no-frills account

32. 3rd party cash collection

33. Cashless payments at local and remote merchant establishments.

35. Platform is simple, secure, cost effective and has the potential to provide multiple services to the customer via a single channel.

36. Apart from SBI, ALW has established tie-ups with 14 banks in the country

37. Dena Bank

38. Andhra Pradesh GrameenaVikas Bank

39. Punjab National Bank

40. Axis Bank

42. United Bank of India

43. Other Partnerships:-

44. Nokia (NFC mobile)

45. NXP Semiconductors (RFID)

46. SagemSecurite (Biometrics)

47. SmartTrust (WIB application)

49. ZMF- Within the Sandbox Global Scale- Overseas partner with TCGME Bahrain. It can also expand by exploiting mobile banking oppurtunities on a global level. Social Equity- Acting as a hassle free an sure link between the migrant workforce in cities and their kin in hinterlands. Ensuring that the benefits disbursed by various Governmental programmes like social security pensions and wages under NREGA reach the intended beneficiaries quickly and at a lesser cost. Rule of Law- It is in compliance with all legal frameworks of the law and banking system

50. ZMF-Within the Sandbox Environmental Sustainablity- saving of paper, thus trees, as negligible documentation is needed. Transparency & Fairness- All transactions are instant through mobile, eliminating all middleman. Payment is ensured to the the eligible recepient only New Price Performance Level- Effective price model. Also it is favourably comparable to probable substitute services- Traditional money orders(20rs+5% of sent amount), iMO(150-330rs).

51. Impact-Social Equity ZERO is a popular end-to-end technology driven platform for branchless banking, with plug and play access for banks to rollout their services and, hence increase their outreach. This would make banking, insurance and other such services reach the un-banked population, which is otherwise unfeasible for the institutions to provide directly.

52. The Way Forward->Recommendations Beyond the basket of credit and other financial products and services, ZMF can also Provide low income customers with livelihood services, including agricultural and business development consulting services, to help microfinance clients use their loans and manage cash more effectively. Text enabled operations  To avoid going to the actual ZMF centre.

54. Sukeshasajwan

55. SomyaBhargava

56. SonaliAbrol