MCDF Staff Meeting: Strategic Planning at Raidighi MCDF Office

In a continued effort to drive organizational growth and efficiency, Mukti organized two strategic planning meetings at the Raidighi MCDF office on June 17, 2023. The two meetings were organized for two different groups of MCDF branches.

The first meeting was from 11 AM to 1:30 PM and was attended by about 12-13 people including MCDF staff, coordinator, Hub manager, and Mukti Board member Mr. Biswanath Mondal.

The discussion revolved around the following key points:

• The foremost agenda was to emphasize that all 21 branches of MCDF must complete the electronic data upload by July 15, 2023.
• Area Coordinator Prahlad Haldar was assigned to ascertain the number of active and inactive teams in three specific branches.
• A target was set to ensure the activation of at least six groups in the Lakshinarayanpur branch by June 30.
• The compilation of a comprehensive savings and loan defaulter list for each branch was deemed necessary.
• A significant decision was reached regarding the direct transfer of money to the borrower’s account, which would commence immediately.
• A vital point of discussion highlighted the prohibition of disbursing loans in cash.

 

These points were thoroughly deliberated upon by the staff and coordinators, with the aim of enhancing the overall functioning and efficiency of MCDF.

The second meeting, scheduled from 2 to 4:30 PM, specifically involved the participation of eight Branch Leaders from the second group of MCDF branches, who played a pivotal role in shaping the discussions and decisions made. This second meeting gathering was attended by about 22 or 23 individuals, including members such as the President, Secretary, and Treasurer of each branch, MCDF staff, coordinators, Hub managers, and Mukti Board member, Mr. Biswanath Mondal. The meeting aimed to address pertinent issues and chart a clear course for the organization’s future endeavors.

Several noteworthy decisions were reached during the course of the meeting, as outlined below:

• Mondal initiated an open discussion with the Branch Leaders to identify and address the difficulties they faced in managing their respective branches.
• A strict policy was introduced to ensure timely cash deposits from members. If a member fails to deposit their cash within two working days of the following month, a daily late fine of 2% (two percent) will be imposed.
• Emphasizing the importance of borrower verification, it was decided that verification must be conducted by calling the borrower before loan sanctioning.
• It was agreed that a central MCDF meeting would be held on the 15th of every month to facilitate better communication and collaboration among branches.
• A significant change in loan procedures was implemented, mandating that loan amounts be transferred directly to the borrower’s account, starting from the day of the meeting.
• Consistent with previous decisions, the meeting reiterated that loans should not be disbursed in cash.
• A specific matter concerning the Lakshinarayanpur branch arose, wherein a borrower was found to be in possession of funds from three groups in the Krishnachandrapur branch. As a result, it was deemed necessary for a meeting to be arranged to resolve the matter promptly.

The aforementioned decisions were collectively made with the aim of strengthening MCDF’s operational efficiency, promoting financial discipline, and fostering transparency within the organization.