Misconceptions relating to Financial Services and Poor

In general once a person fall below the poverty line, he remain poor for generation. Threre may be very few exceptions to this aspect.  

  Further the above  misconceptions help in proving the above reality to which NO govt is ready to aacept  and most govts are doing lip service to remove poverty, specially in democratic set up.

I think this misconception arises because of lack of experience of many banks in the micro-finance market. As the experience increases, it will be realised that the rate of default is low when self-help groups are involved and when proper safeguards and checks are in place.

There should be a supervisory system in place in India in walks of life. Offices should have glass enclosures where the supervisor can look at the jobs taking place. If there is a mishandling or sloth work taking place the worker has to be given sticks. Supervisors in the whole hierarchy make sure that zero error behavior and work take place everywhere. If a person comes to office and loitters in the lobby or go to fulfull personal chores it need be given sticks. Unnecessary loittering in city commercial areas by those who don't have any reason should be booked or frightened out a little by the Police. In all walks of life there should be supervision where deviation from should be corrected with sticks.

To elaborate the points I made yesterday, I will have to affirm that there is no misconceptions about the aid to the poor. To emphasize what we face is an "AGGRERIAN"  problem meaning we don't have a collective agenda Politicaly or Economicaly, socialy and so to say culturaly for the masses to accept as a standard scale on which their Self Interest can be worked out. Self Interest is emphasized as not selfishness rather opportunities and systems in place to meet ones own legitimate goals in life.

This might sound esoteric to many I feel but let me emphasize there are legitimate methods available which has to be forced on citizen so that they will behave and work up their self interest so that their self interest alligns knowingly or unknowingly to the collective goal of the Nation.

Of coursd governemnt act as an agent and a facilitator for the Nation in providing the infrastructure and facilities for citizen to work up their self interest. Those who have extreme specialization or differentiation of Labor might do better than others which depends on ones own committment to ones own goals.

The execution states are little unsavory for many I feel. The police and the supervisor states built up in the system of the Nation should deliver work efficiently, which include not just law enforcement reactively but proactively they can control the masses.

For example everyone must get the opportunity to touch the base and everyone must belong to some Organization like students to Scohools and those who seek jobs some companies or government. They should have supervisors above them affirming normal behavior from and behavior must be productive. Here the Police can do their small bit like they can roam around the streets and if they see people who has not job to be around in places simply loitering those areas. They can control them to fear what they are doing which is bumping the system with sloth and inefficiency. They can even book them for some reason or the other so that they can start fearing and start doing something productively.

Productive work must be encoraged with Carrots and nonproductive activities taking place in the system with sticks.

Alligning ones selfinterest with the Nations goals should be pursured as a defacto necessity for building efficiency. Government cannot be sloth eather. They have to provide jobs for those who seek, make environment investment friendly and provide efficient infrastructure with vision that lead to efficient outcomes rather than waste and foul outcomes. They should not follow foul and nuerotic activities like encouraging conflicts expecially with neighbors.

I can go on forever but let me stop, control is the problem and one has to take charge and make life meaningful and create meaningful outcomes on scientific and standard scales.