Mumbai Jesuits design insurance for migrants
Dec. 1, 2013
The Xavier Institute of Management and Research, (XIMR) in Mumbai has designed a unique financial solution to help migrant tribal people in Mumbai, India's financial capital.
The scheme, designed in collaboration with the Chotanagpur Migrant Tribal Development (CMTD) Network and Mumbai-based Jesuit social center Seva Niketan, is expected to help over. 20,000 migrant tribal people from Jharkhand, Chhattisgarh, Orissa and West Bengal live in Mumbai.
"It is running a pilot project to encourage monthly savings, incentivizing them with medical and health insurance for their family members," said press release from XIMR director Father Paul Vaz. The post–pilot ecosystem will consist of banks, insurance and healthcare companies, it said.
"The business solution is built on the premise that the livelihood of people at the bottom of the pyramid improves when they get access to finance," Father Vaz explained.
Other diocesan News
The Cardinal meets with Musicians
The Cardinal meets with musicians, choir conductors and singers who are involve...
March 4, 2017
A report on the interactive meet between His Eminence Oswald Cardinal Gracias the Civil Services Aspirants
“The future belongs to those who prepare for it today!” – Malcolm X 23...
March 1, 2017
Official - Lent: A Season to Promote the Culture of Mercy
With Ash Wednesday on March 1, 2017, we begin the specially grace-filled season of Lent, during w...
Feb. 27, 2017
Carbon Fast 2017
During Lent, a Carbon Fast can honour God’s creation A carbon fast challenges people to ex...
Feb. 23, 2017
Official in the light of the forthcoming BMC elections
The Catholic Church has always supported and co-operated with the democratically elected governme...
Feb. 16, 2017