JAIIB | IE AND IFS | CASE STUDY ON ORGANIZED AND UNORGANIZED SECTOR

The JAIIB Exam is a foundational certification designed to enhance the skills of banking professionals, while the Indian Economy and Indian Financial System (IE & IFS) module of JAIIB provides primary understandings into India’s economic structure. One of the critical areas covered in JAIIB’s syllabus is the understanding of the Organized and Unorganized sectors in the Indian economy. Learning Session presents this case study that explores how the JAIIB curriculum issues bankers with understandings into these two essential economic segments and their roles in the Indian financial system.

DOWNLOAD PDF ORGANIZED AND UNORGANIZED SECTOR– CASE STUDY

The Organized sector contains industries and enterprises that are registered with the government and comply with labor laws, tax regulations, and other formal requirements. These businesses provide formal employment, regular wages, and benefits such as health insurance, pensions, and social security. The characteristics of Organized sectors are Regulation and Compliance, Job Security, Contribution to GDP and Access to Financial Services. For the extensive preparation of candidates, get details through our YouTube videos for JAIIB IE & IFS Module wise Syllabus with explanations and tips to help candidates in their preparation journey.

The Unorganized sector contains small-scale businesses and workers not registered with the government. This sector includes agricultural workers, street vendors, small shop owners, and informal laborers. In India, the unorganized sector employs nearly 90% of the total workforce, making it a significant part of the economy, though it faces challenges such as low wages, job insecurity, and a lack of formal social security. Key Features of the Unorganized Sector are Lack of Regulation, Informal Employment, Limited Access to Financial Services and Low Contribution to GDP. Learning Sessions provides additional information about JAIIB IE & IFS Para Banking Case study by giving examples of real life scenarios.

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The JAIIB certification presents an important tool for banking professionals, including the roles of both the organized and unorganized sectors. By understanding these sectors, JAIIB-certified bankers are providers to promote financial inclusion, and support economic growth. This certification bridges the gap between the formal and informal sectors, allowing banking professionals to contribute effectively to the development of both.

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