Updates

Notice to members for e-voting facility

Notice is hereby given pursuant to Section 108 of the Companies Act 2013 and with Rule 20 of the Companies (Management and Administration) Amendment Rules 2015, the Company is pleased to provide e-voting facility to its members to exercise their right to vote on resolutions proposed to be considered at the Extra Ordinary General Meeting (EGM) of the Company scheduled to be held on Tuesday 3rd day of May, 2016 at 12.00 P.M. at its head office at D-26, II Floor, Sector-3, Noida- 201301. The members may cast their votes using an electronic voting system from a place other than the venue of the meeting (“Remote e-voting”)

The communication relating to e-voting inter-alia containing the User ID and password along with the copy of Notice and the explanatory statement of EGM has been sent to the members on  09th April, 2016 by Email

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Bihar Innovation Forum Awards

IIMPS awarded the second prize for Excellence & Innovation in Financial Services

IIMPS was awarded the second prize at the Bihar Innovation Forum for Excellence & Innovation in Financial Services in January 2014. There were over 120 organizations competing for this and IIMPS was presented this award and a cash prize by the Hon’ble Chief Minister of Bihar Shri Nitish Kumar.

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KfW picks up 30% equity stake in IIMPS

17 July 2013

The deal marks the first direct equity investment by German development bank KfW in India. In the same round of funding, current investor Michael & Susan Dell Foundation increases its investment into IIMPS while noted economist, Dr. Swaminathan Anklesaria Aiyar also makes an investment into IIMPS.

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Why the poor should not start with market-linked products

Deepti Bhaskaran, May 15 2013, MINT

Tucked away in the lush green Nilgiris lives a tribal community called the Paniyans. Largely a labourer community, some also have a few patches of land in which they grow tea and end up getting short-changed at the hands of intermediaries. A couple of decades ago, the Center for Tribal and Rural Development, CTRD, a not-for-profit organisation operating largely in Tamil Nadu, stepped in to help them ameliorate their standard of living. What helped was the changing milieu. Looking at the nearby villages with cemented roofs and cars, it was easier for the Paniyans to welcome the idea of getting into the mainstream.

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Tribal women from the Paniyan tribe located in the Nilgiri hills of Tamil Nadu have begun saving for their old age through the "micro-pension" model.

So imagine this: Women, of the Paniyan tribe, living in a matriarchal society, visibly from an African descent, with coiled jute rings , about 3cms in diameter,  pierced through their earlobs- no coherent knowledge of the usage of cash, other than for the consumption of beetle nut and alcohol, now save for their old age through a state-of-the-art card payment solution! Fascinating?

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First "Micro-Pension Counseling Centre" inaugurated at CTRD

Tamil Nadu by Dr. Y.S.P. Thorat

Invest India Micro Pension Services launched its first Financial Literacy Center at the head office of the Center for Tribal Research and Development (CTRD), tucked away in the lush hills of Niligiri in Tamil Nadu. Dr YSP Thorat inaugurated the same.

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Ujjivan and IIMPS launch Micro-Pension scheme for one million low income Women

Ujjivan, one of India’s leading microfinance institutions in partnership with IIMPS (Invest India Micro-Pension Services) launched two micro-pension products for over 10 lakh urban poor women across India. On 8th April, over 300 microfinance customers attended a pension awareness function in Pune. The program also marked the launch of the scheme.

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Changing Lives
field updates

Low income individuals in remote tribal locations at Tamil Nadu are now being enrolled for "micro-pension" in partnership with Centre for Tribal Research and Development (CTRD).

IIMPS and eKutir will jointly assist low income farmers in Odisha to accumulate micro-savings through the Micro-Pension model.