Millions of workers in India work in unregulated

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Presentation transcript:

Millions of workers in India work in unregulated Environments without benefits

while providing access to financial and social services Mobile and Internet enabled service sector market place for a million micro-entrepreneurs and workers that creates jobs and enhances incomes while providing access to financial and social services

What problem are we trying to solve Needs to fix a plumbing problem Needs information on jobs What problem are we trying to solve

What LabourNet does?

Achievements and Scale up Plans 7000 MSEs registered; Effective reach of 20000 workers: Training provided to all MSEs 3000 registered Customers: Revenue System recently commenced Financial Inclusion : Started to open individual formal bank accounts; 2500 accounts opened Insurance: Low Cost Accident and Health Insurance Scale up Plans: 7 cities; 1 Million MSEs; 2 Million Customers Partnerships for training and financial services Franchising with other NGOs

Revenue Model From MSE and Customer Registration Fee Transaction Fee Service Fees Tool and Material Manufacturers Web Advertisement PAYMENT MODES Pre-Paid Cards Post Paid Service Project Cost

Market Potential Labour Force Middle income consumers A ready to engage informal sector working population of 12.6 million in seven cities Middle income consumers 8.5 million households in need of services Offices, Hospitals and Schools 3 million small and medium businesses requiring a range of services LabourNet Marketplace Only large-scale viable network in existence Total population in 7 cities = 85 million of which ¼ is the working population of which 60% is taken as informal sector labour

Value created For the micro entrepreneur For the Client Average 50% increase in overall incomes Improved skills and opportunity for growth Access to ready information on jobs Better access to financial and social services For the Client Improved access to reliable services Large number of competitive service providers to choose from Easy payment options