How to Increase Formal Savings for the Papad-Makers of Dharavi Slum

IMTFI researchers Mudita Tiwari and Deepti KC report their research results on the Financial Access Initiative (fai) blog

In Dharavi, Mumbai, the largest urban slum in Asia, groups of women make papad, crispy lentil dough wafers, for Lijjat Papad Company, one of the world’s largest papad retailers. Lijjat requires any woman who works for the enterprise to first open a savings account, and to encourage savings, the company deposits a small proportion of the women’s earnings (2 rupees of every 32 rupees earned) directly into the savings accounts, adding a bonus during the Diwali festival.

      

Go to FAI blog post for full text.