Mr.Ankur Marfatia, Sr. Deputy General Manager, NJ Group
Mr.Ankur Marfatia has over 22 years of work experience. He has worked in different capacities with various Leading Corporates of India handling key positions. He has accomplished Major Infrastructure Projects across South Gujarat and was instrumental in setting up the Natural Gas Distribution System for Vehicles in various cities of Gujarat. His forte is to work with people at various levels and ensure successful and timely execution of Projects.
Mr.Ankur Marfatia is working with NJ since the last one year and is expanding the NJ India Invest Pvt. Ltd's reach to C Tier towns by setting up Partner Channel Networks which are an extension of NJ Branch office catering to the Semi Urban and Rural India.
He is also spearheading the Financial Literacy Internship Programme - “FLIP” which is aimed at College Students to make them employable at NJ Partner's office.
ES: What is FLIP ?
Ankur: FLIP i.e Financial Literacy Internship Programme is designed for First Year and Second Year B.Comm and BBA Students. The Financial Literacy Programme is designed to make the students employable at NJ Partner's office as Interns after completion of Training and clearing the “FLIP” Exams undertaken by NJ Wealth.
ES: What type of Colleges are Identified to Initiate Financial Literacy Internship Programme ?
Ankur: Preferably “B” and “C” tier Commerce and BBA colleges are identified wherein the Students from lower income groups are studying , thus giving them an opportunity to work as Interns and earn a fixed Stipend amount.
ES: What is the Course Content of FLIP ?
Ankur: The following Topics are covered in the four day FLIP training with two hours per day :
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Savings & Investment
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Basics of Equity
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Mutual Fund Basics
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Goal Achievement Programme & Systematic Investment Plan
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Insurance Products, Its purpose & Need
ES: How can FLIP support NJ Partners?
Ankur: The Major objectives of FLIP for the NJ Partners are :
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Support Partners to Grow their business by Helping them in Recruitment of Interns
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Overcome limitations of Partners for recruitment of trained manpower
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Increase the feet on Street for Partners for marketing , sales and spreading awareness in sections of society where the reach is limited
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Generate employment for ensuring future growth in business
ES: What is expected from the NJ Partners during the FLIP Programme ?
Ankur: The selected NJ Partners have to involve themselves during the entire duration of FLIP and thereafter as well. The following is desired from the NJ Partners who are identified to avail interns from the FLIP :
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Partner/s should be willing to spare time for conducting training sessions at Colleges
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Partners to Issue Appointment Letters immediately to Interns identified by NJ Representative - It shall be by random selection only
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The area of residence of Interns and Partner's office location shall be considered for alloting Interns
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Each selected Partner should be willing to appoint Minimum 5 Interns (assuming that out of 5 , only 1 Intern shall become an Employee at the Partner's office)
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Partner/s should be willing to invest time & money during the Internship period of the students at his office
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Partners have to follow up regularly with Interns and give feedback to keep the Interns motivated
ES: What are the Benefits of FLIP to NJ Partners “
Ankur: The following are some of the major benefits to NJ Partners who are associated with FLIP :
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Partners can get Options of students as Interns prior to finalising them as employees
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Understand capabilities of Students and mould them easily in the way we desire
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Very Low Expense considering the amount to be paid to Interns
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Can be removed after three months of Internship if not found suitable whereas in case of direct employment , the cost involved is huge for wrong selection of employee
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Increase Client base & hence Business, by adding feet on street
ES: What is the duration of the Internship Programme and what is the Process?
Ankur: Upon Clearing the FLIP Examinations, the Student is eligible to become an Intern at NJ Partner''''s office. The Partner has to issue an Internship appointment Letter to the Student with the mention of the Stipend amount.The The duration and details of the Internship Programme shall be considered as follows :
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Duration of 3 months.During the Internship duration the Students shall be working for 3 to 4 hours/day at their convenient time and shall report their daily activities to the Partner and shall only visit the Partner's office if there is a requirement
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The Internship duration shall be for 3 months which shall be extended for 3 more months (i.e upon successful completion of first three months
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Upon successful completion of 6 months of Internship , the student can be promoted to a Senior Intern for a further period of 6 months to an year
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Upon completion of term as a Senior Intern , the student shall be eligible as a permanent employee at Partner's office if he/she is found suitable by the Partner
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The Partner has to pay a Stipend to the students during their entire duration of Internship
ES: Which cities of India do we have plans to roll out FLIP ?
Ankur: In phase 1 , we have identified Mumbai , Ahmedabad , Pune , Rajkot , Surat & Baroda , though it shall be rolled out nationwide soon.
ES: Which Partners shall be eligible to be considered as a Part of the FLIP Programme ?
Ankur: Initially we have identified Platinum and Plus Partners to be eligible to conduct FLIP training sessions and recruit students as Interns.
ES: What is the flow of activities for FLIP ?
Ankur: Enrollment >> Training >> Examination >> Certification >> Placement