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Time Bank" A New Concept, Instead Of Money,Time Deposit

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02 Mar 21
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Dr.Prabhat Kumar Singhal,Kota Raj.

Time Bank"  A New Concept, Instead Of Money,Time Deposit

Time Bank is a new concept in which instead of money,time Deposit for the service of older age people as and when they required. The time of service one give will Diposite in his account at the time when required himself. This marvelous social community concept is followed by"Time Bank of India Trust." 

      This is just like as you  life insistence where you get intrest and if some misshapning,nominee will get benefits. When you give time to serve other,That Diposite time, you will get when required. It is the first time in India when new type of activities start for a noble social cause.

         As founder member of Trust P. C. Jain Rt.AGM PNB, jaipur told me, It was felt that that Time Bank is the need of the society and is the right time to start before the India is called the country of elder population.  Traditionally, Indian society has believed in system of joint family which offers so many advantages like safety, security, care, belongingness etc to the family members. However in the era of present globalization, there is a major shift from joint family to nuclear family system. 

       He told me Younger generation is moving away to earn their livelihood leaving behind the elderly members of the family alone without any support. It is also observed that in the joint family also, elders feel lonely as the young generations are too busy with their day to day activities and are unable to spend some time with seniors.

       Pendamic Covid-19 taught us many lesions. One of them is fear and depression while living alone. During initial period of Covid-19, patients were kept in complete isolation at hospitals. Even many healthy persons stuck up in isolation away from family during complete lockdown. Many of them were under deep depression despite availability of connectivity with family through mobiles. Some even committed suicide. 

      He told On search from net, we could not find any organised Time Bank in our country though little effort are seen in unorganised sector where some small groups of people found helping each other.

       We then attended meetings of senior citizens and retired persons, explain Time Bank concept and sought their view, discussed probable bottlenecks, security aspects etc with them.  The idea was well received which motivated us to start it. 

         Ultimately, as a first step we have registered the domain name for website and created our Email id on 7 July 2018. The next six months spent in its modalities, website designing, finding like minded person, making a Trust and other formalities etc. Finally, on 27 December 2018, the Time Bank in the name of Time Bank of India Trust born with the notarization of trust deed. Immediately an application moved for its registration under Trust Act. The trust was also got registered on 25 April 2019. 

         Trust thankfully acknowledge motivation of Mrs. Bhavna Jagwani, convenor of the Mohan Foundation Jaipur Citizen Forum, and Mr. Thakurdas for his timely help. In sort time response is wonderfull, and till now 1200 members came forword all over India under this social service umbrella.He told Including jaipur members 350+ and Rajasthan members 450+. Retired IAS, Retired General Managers from leading nationalized Banks, Doctors, Retired Professors, lecturers, Advocates, Chartered Accountants, Alternate medical professionals, Nursing staff, Past District Governors of Rotary Clubs, businessmen, Retired from very senior positions executives from govt and private undertakings, Govt officials, housewives etc are among our members. 40 Admins are nominated at PIN code and city level.

        Now it was time to launch the Time Bank. Please do not forget to join our Facebook page https://www.facebook.com/groups/684897228771288/ to continue reading our earlier and upcoming episodes and enjoy the entire series. Visit www.timebankofindia.com to register yourself for free to join us to serve our elders.


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