What
is a CA’s role in promoting financial inclusion in villages?
A Chartered Accountant, by definition, is a professionally
qualified and competent person to audit financial statements and business
practices. There cannot be a person better than a CA to launch an aggressive
awareness campaign among the rural masses on the importance of financial
inclusion since he has the authority on advising, individuals on matters
pertaining to finance, taxation, banking and a host of other practices. His
advisory service to the rural clientele, the villagers who are likely to
benefit from the proposed financial inclusion, is critical to the success of
this campaign. The Chartered Accountant of the Village should be instrumental
in indentifying members of low income groups who depend on seasonal work or
agriculture for a living. Once this process of identification is offered by
banks & MFI & NGO’s in their neighborhood. He should share with the
prospective beneficiaries the concept of saving for the future and the benefits
of micro-finance system. He should be able to deal rationally with obstacles to
this program by engaging the target groups of individuals in discussions. Once,
he succeeds in getting these individuals to open bank accounts, he can launch
the second phase of operation- enabling them to avail themselves of the
products and services offered by the banks in order to fund agricultural or
business activities which will ensure enhanced end results and better incomes.
The CA in charge of a village should keep track of his clients and their
financial activities. He should spend time, periodically counseling and guiding
them in the right direction. Thus, it is absolutely necessary that there be a
CA in each village who will play a pivotal role in translating the novel idea
of financial inclusion into an easily implementable process.
Impacts of the Study:
1 .
To achieve the target of “ INCLUSIVE GROWTH”
2.
To improve the living standards of the BPL people,
3.
To increase number of financial experts in the
country,
4.
Helps to stabilize the financial system of the
nation at Village level.
5.
Increase the GDP by accounting the whole receipts
& payments of the people.
Methodology:
As I already stated the process of spreading
the message of One Village One CA to all over India through the following
methods.
1.
Organised a mega One village One CA programme at
Kanyakumari District in association with Carmel Higher Secondary School and
Board of Studies & Nagarcoil Study Circle of SIRC of ICAI – report attached
herewith.
2.
Submitted the proposal of One Village One CA
programme to Chief Minister of West Bengal, Chatiskar, Jarkand & Tamil
Nadu.
For the
purpose of this research, and in order to achieve the objectives, required
data’s will be collected and will be used both primary and secondary data. The
secondary data will contribute toward the formation of background information,
needed by both the researcher in order to build constructively the project and
the reader to comprehend more thoroughly the survey outcome.
