sCube Platform

With funding from KfW Germany, IIMPS has developed a secure and scalable, web-based "micro-pension" transactional and administrative IT platform (sCube). sCube issues a unique and portable individual "Micro-Pension" account to each client and provides on-demand MIS on consumer savings behavior. The system is fully capable of real-time electronic transactions reconciliation and processing with financial product providers and payment solutions partners. sCube maps individual client savings and also links the IIMPS pan-India partner network.

The sCube platform enables accurate payment processing and reconciliation and also generates exception reports. It tracks field-level operations and maps individual contributions to aggregated transactions. It also generates a demand for co-contributions and automatically updates individual accounts on the basis of fresh cash-transfers, or changes in NAV.

Using sCube, individuals are able to receive government co-contributions directly into their individual retirement and insurance accounts without any errors, leakages or loss in value. sCube enables governments and donors to select individual beneficiaries on the basis of their socio-economic profiles and access a range of real-time reports and MIS. Through central recordkeeping and appropriate safeguards, sCube effectively mitigates the risk of multiple accounts.

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.