[[Image:PersFin Kitty.jpg|thumb|center|600px|Kitty for consumption]]
==== Islamic banking - Shariat compliant products ====
[[Image:Parasoli Finance.jpg|thumb|center|600px|Shariat stocks index]]
==== Education loans ====
* Tie up with educational institutions INCLUDING Provide loans for primary schoolsand high school education, besides college education[[Image:PersFin School.jpg|thumb|center|300px|Loans for primary and high-school education]]
==== Wedding loans ====
* Provide cheap loans by tying up with wedding organizers, caterers etc. The loans get cheaper due to bulk discounts on prices offered by them.
==== Streamlining microfinance ====
==== Loans based on gold ====
* Already covered under trends
== Insurance ==
* Text:
==== Rural Insurance - an opportunity or a risk? ====
[[Image: Watson Wyatt.jpg|thumb|center|600px|Rural Insurance penetration is increasing]]
=== Trends ===
====Credit card penetration====
[[Image:Credit card per 1000.jpg|thumb|center|600px|Credit card penetration]]
==== Increasing savings rate ====
* Picture:Savings as percentage of GDP was 29.1% in FY 2004 and 25.9% in FY 2005* TextWith a strong GDP growth, rising salaries, and low social security, savings rate are likely to rise even further[[Image: Savings trend rate.jpg|thumb|center|600px|Savings rate]]
==== Increasing purchasing power ====
==== Rural demand for credit ====
* [http://epaper.timesofindia.com/Repository/ml.asp?Ref=VE9JQkcvMjAwNi8wOC8wOCNBcjAxNTAz&Mode=HTML&Locale=english-skin-custom Lack of access to savings mechanisms and credit is one of the biggest challenges for villagers in India.] * According to a World Bank study, in Andhra Pradesh, 59% of rural households lack access to deposit accounts and 79% don’t have borrowing facility from the organised financial sector. Bankers too complain that though the rural potential is huge, they don’t have enough knowledge about the rural customer.[[Image:PersFin Rural India.jpg|thumb|center|400px|Rural India needs $30 billion in credit]]
==== Remittances ====
<table align=center> <tr> <td>[[Image:PersFin WesternUnion.jpeg|thumb|center|150px|Reimbursements to India are growing]]</td> <td>[[Image:PersFin WesternUnion 2.jpeg|thumb|center|400px|[http://timesofindia.indiatimes.com/NEWS/India/Trillion-dollar_investment_hope_spurs_govt_into_action/articleshow/889333.cms India receives $23 billion a year in foreign remittances]]]</td></tr></table>* [http://timesofindia.indiatimes.com/NEWS/India/Trillion-dollar_investment_hope_spurs_govt_into_action/articleshow/889333.cms India receives $23 billion a year in foreign remittances]
==== COD (???)====
==== Growth in retail ====
==== Mobile phones ====* Mobile phone and technology penetration usage is exploding in India with subscriber numbers growing by several percentage points ''each month''[[Image:PersFin Cell Phone Numbers.jpg|thumb|center|450px|140 million cell phone users in India]] ==== Payments through SMS ==== [[Image:Payments through SMS.jpg|thumb|center|500px|Payments made through SMS - Paymate]]
=== Ideas ===
==== Debit cards ====* Picture:* Text: Linked to checking accounts
==== Mobile ATM ====
* PictureInnovative concepts, such as a [http://epaper.timesofindia.com/Repository/ml.asp?Ref=VE9JQkcvMjAwNi8wOC8wOCNBcjAxNTAz&Mode=HTML&Locale=english-skin-custom mobile ATM machine] are being tried out at the moment.* Text[[Image:PersFin Rural ATM.jpg|thumb|center|400px|[http://epaper.timesofindia.com/Repository/ml.asp?Ref=VE9JQkcvMjAwNi8wOC8wOCNBcjAxNTAz&Mode=HTML&Locale=english-skin-custom State Bank of India/Microsoft experiment for rural ATM was tested with 20,000 villagers in 5 villages]]]
==== Credit cards linked to US accounts ====
* Credit cards for family members in India based on linked to credit-rating of NRINon-Resident Indian family member (in the US or elsewhere)* [[Image:PersFin Credit Card India.jpg|thumb|center|350px|Credit cards in India based on international family member's credit rating]]
==== COD for online shopping (???) ====
==== Mobile phone credit cards ====
* Sony's [http://www.sony.net/Products/felica/csy/jre.html Felica] system combines mobile phones with credit card style payment capabilities
* With 140 million cell phones, but less than half as many credit cards, cell phones offer a great possibility for improving credit-card penetration in India
[[Image:PersFin Mobile phone credit card.jpg|thumb|center|400px|Mobile phone used as credit card]]