The Odisha State Associations for Financial Institutions (OSAFII) on Wednesday organised a State-level financial inclusion conclave and discussed issues relating to development of the poor and how to serve them through responsible finance with dignity and respect.
As many as 160 delegates belonging to financial inclusion institutions from across the country joined the event, inaugurated by Finance Minister Shashi Bhushan Behera.
A programme relating to the Atal Pension Yojan was launched by the Pension Fund Regulatory and Development Authority (PFRDA) under the Poorest States Inclusive Growth (PSIG).
OSAFII president Parshuram Nayak spoke about objective of holding the conclave.
Organisation board member Dibyajyoti Pattnaik said, “Financial inclusion plays an important role in the overall development at the grassroots level. It has connected more and more rural people in to the formal banking system enabling them to avail various financial services.
Access to credit has helped economically weaker sections to come out of poverty. However, complete financial inclusion has not been achieved due to lack of infrastructure and hurdles in implementation level.”Secretary Mohammad Mooruddin Amin called up the Government, non-Government and the private sectors to work together.
Among others, SSEPD Principal Secretary Nitin Chandra, RBI Former Deputy Governor HR Khan, SBI CGM BVG Reddy, Director Institutional Finance Gol DK Jena, SIDBI CGM Prakash Kumar, Nabard CGM Dr KC Panigrahi, Microfinance Institutions Network CEO Ratna Vishwanathan, DFID senior advisor Mamta Kohli and Microfinance Institutions Network vice-president Devesh Sachdev were present.