RFQ: Survey Agency to conduct Impact Evaluation of Phase-II of Jan Dhan Plus in Regional Rural Banks (Baseline Survey)
Position Overview
Position Summary
Women’s World Banking is seeking request for qualifications from eligible agencies for conducting a baseline for impact evaluation of Phase-II of Jan Dhan Plus in Regional Rural Banks.
About the Project
The Pradhan Mantri Jan Dhan Yojana (PMJDY), launched in 2014, aimed to achieve universal financial inclusion in India by providing access to basic bank accounts, insurance, and credit facilities to the unbanked population. Literature on PMJDY indicates a significant increase in bank account ownership, particularly among women and rural households (Government of India, 2023). However, studies also reveal challenges in maintaining active accounts and ensuring meaningful usage of financial services. However, in spite of these challenges, Public Sector Banks hold the key in terms of achieving scale efficiency in women’s financial inclusion. It is in this context that Women’s World Banking’s Jan Dhan Plus initiative aims to leverage PMJDY’s immense potential through its Jan Dhan Plus initiative. In this initiative, Women’s World Banking has partnered with NABARD (National Bank for Agriculture and Rural Development) to work with Regional Rural Banks (RRBs). The initiative aims to build on PMJDY by deepening engagement with women customers through the Business Correspondent (BC) channel. Research by Women’s World Banking shows that women who are supported through their initial savings deposits are more likely to develop lasting savings behaviour. This forms the fulcrum of the Jan Dhan Plus project. However, apart from the savings led approach, BCs would also be trained to expand their portfolio to include social security products such as Pradhan Mantri Suraksha Bima Yojana (PMSBY), Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), and Atal Pension Yojana (APY). In Phase-I of Jan Dhan Plus was successfully implemented in five (5) RRBs.
This research piece is part of Phase-II of the engagement with RRBs. Since the Phase-II of Jan Dhan Plus will be implemented in a staggered manner, the evaluation will use a cluster randomized trial (CRT) approach to assess the impact of the intervention. This RfQ is for carrying out baseline survey. A separate procurement will be carried out for the endline survey.
Roles and Responsibilities
The overall objective of the assignment is to set a baseline for the impact evaluation of Phase-II of Jan Dhan Plus initiative. Accordingly, the following are the responsibilities of the eligible consultants.
This will entail the following:
- Quantitative Survey of 150 Business Correspondents (BCs) spread over 6 Regional Rural Banks (one each in Rajasthan, Andhra Pradesh, West Bengal, Kerala, Jharkhand and Himachal Pradesh) and 5 branches per chosen Regional Rural Bank;
- Quantitative Survey of 750 Women Clients covered by the 150 sampled BCs (i.e., 5 women respondents per BC point)
How to Apply
Applications must be received no later than October 8, 2024 at midnight IST.
Please include the below in your application:
- Cover letter, including the below elements:
- A brief statement of your capacity to complete this work, listing similar projects and completed/relevant organizational experience;
- Availability;
- Expected total survey cost including a detailed break up and a per unit cost
- References (at least two).
- Resume / CV
This RFP/RFQ does not guarantee or commit Women’s World Banking to proceeding with the above described work. Due to the overwhelming responses not all candidates will be contacted.
Women’s World Banking is an equal opportunity employer for all regardless of race, color, citizenship, religion, sex, sexual orientation, gender identity or expression, age, disability, veteran or reservist status or any other category protected by federal, state or local law.
Women’s World Banking will be unable to contract with any individual who is US citizen or resident without an LLC or LP or similar structure.
About Women's World Banking
We believe in being a force for the greater good, devoted to accelerating and growing the financial inclusion of women. With rapidly changing markets, influenced by technology and social behavioral expectations, we are embarking on a new chapter to transform the way we design and implement solutions.
For over 40 years, Women’s World Banking has partnered with financial institutions, showing them the benefit of investing in women as customers. We equip these institutions with in-depth research and data driven insights to develop financial products and educational programs. While our clients are financial service providers, our mission is to engage consumers – women who are marginalized by financial systems.
Women’s World Banking and WWB Asset Management is an equal employment opportunity for all regardless of race, color, citizenship, religion, national origin, sex, sexual orientation, gender identity or expression, age, disability, veteran or reservist status or any other category protected by federal, state or local law.
