Lakshay Jain


Lakshay Jain is an Associate in MSC’s Data and Insights Domain.

He has worked for more than two years as a Project Head in India and as a COVID Officer in Australia with the Government of New South Wales, Australia. His expertise is in Project Management, Competitor Analysis, Research and Change Management. In MSC, he works on projects involving MSMEs, women and social security programs that involve data analysis and visualization.

Posts by Lakshay Jain

Adopting a segmentation approach to serve enterprises in Kenya: Insights from the FinAccess Household Survey 2021

We used the FinAccess data to develop a composite score-based index. This index helped us segment these MSMEs based on their sophistication levels to identify their business needs and growth opportunities and maximize their business sophistication levels. In this blog, we discuss our findings from this segmentation exercise.

Embracing the idea of financial well-being: Insights from India using the Global Findex database, 2021

The Global Findex 2021 describes well-being as a person’s financial resilience to deal with unexpected economic events, stress generated by common financial issues, and confidence in using financial resources. Our blog emphasizes the importance of financial well-being based on the Findex 2021 data to provide a more holistic view of financial inclusion in the country.

Women at the heart of G2P initiatives: The Primary Education Stipends Program in Bangladesh

MSC and the Center for Global Development (CGD) assessed Bangladesh’s Primary Education Stipends Program (PESP), a gender-centric cash transfer program to improve primary school attendance rates. Over the years, benefit delivery of PESP evolved from cash disbursement to digital stipend transfers. Key evidence from our assessment shows women prefer digital transfers to cash-in-hand. Our blog shares evidence from the study using the “Design, Direct, and Digitize” (D3) framework to make a case for women beneficiaries as better contenders for G2P programs. Our blog looks beyond the impact of PESP on program outcomes—and highlights the socioeconomic implications of mobile money on women and the role PESP plays in gender equity and inclusion.

Do conditional cash transfers improve education outcomes? Insights from the PESP program in Bangladesh

In 2001, Bangladesh launched a Primary Education Stipend Program (PESP) that provides a conditional cash transfer (CCT) to beneficiary mothers. The cash transfer depends on the student maintaining a specific attendance rate and grades at the school. MSC conducted a mixed-method research to ascertain the PESP program’s effectiveness in achieving its objectives. We examined if CCTs can help attain better educational outcomes in terms of increased attendance and grades with lower dropout rates. It simultaneously examines similar studies undertaken elsewhere to support the hypothesis.