Financial Inclusion Safeguards Increase in income of rural people
Bhubaneswar: In the present era, the role of Financial Inclusion Institutions in providing financial services to the underprivileged has been quite encouraging. The Govt, RBI, Banks and other stakeholders have been taking various measures to promote and expand financial inclusion for the poverty-stricken population of the state.
The conclave was presided over by Sri Dibyajyoti Pattnayak – President OSAFII and was inaugurated by Shri P.K Biswal, Special Secretary cum Institutional Director, Dept. of Finance, Govt. of Odisha. Sessions were held on Inclusive finance Status of Odisha and the report was presented by Shri Manu Sehgal from Equifax credit bureau system. Impact of financial inclusion report was presented by Sri Alok Pattnayak AVP- Ashirbad. CEO OSAFII Sri Narendra Nayak presented OSAFII activities.
Among others State Manager of SIDBI Miss Ankita Mohanty, Ex GM of SIDBI Sri Ashok Ranjan Samal, Founder of CYSD Sri Jagadananda spoke on financial inclusion models
On this occasion Shri P.K Biswal, Special Secretary cum Institutional Director, Dept. of Finance, Government of Odisha Said, “Due to Microfinance Institutions poverty has reduced immensely. It has also increased the access of banking system among the low income groups in the rural part of Odisha”.
Extending his gratitude Sri Dibyajyoti Pattnayak – President OSAFII, Said, “I am glad that OSAFII is being in the position to put its continuous effort to bring all the microfinance practitioners together so that we can join our individual effort to facilitate the low income groups in the direction of strengthening their financial status with a motto – “leaving no one behind”.
Reserve Bank of India AGM – Shri Nirmal Chandra Pattnayak spoke in length on putting a collaborative efforts for increasing livelihood opportunities and role of MFIs in the same.
The Conclave was organised in the city by Odisha State Association for Financial Inclusion Institutions (OSAFII) with the support of SIDBI- Poorest State Inclusive Growth Program(PSIG) at Hotel Swosti Premium where the key discussion was on the sustainable development of the people through inclusive finance.
The Conclave saw participation of 200 Delegates from across the state. Representatives from Govt line Depts, RBI, NABARD, SIDBI, SLBC, Banks, RRBs, SFBs, NBFC-MFIs, BCs, NGOs, CBOs, SHPIs, BCs, Cooperatives, Industry Associations & SROs-MFIN & Sa-Dhan graced the programme with their presence.
State Manager of Odisha Livelihood Mission – Shri Debashis Mohapatra spoke on the issues that act as hiccups towards financial inclusion and the ways to address them. Among others Sri Arun Agrawal DGM -Outreach – State Bank of India, Sri Anupam Kaltia – State Head Airtel Payment Bank, Dr AK Mohanty Access Dev Services joined the conference as speakers.
All the discussions and debates concluded at a single point: opportunity to access financial products and services. As the Financial Inclusion agenda continues to be on the rise, the only option for greater women’s financial inclusion is a more gender inclusive financial system that addresses the barriers that a woman face in the society.
OSAFII is an organization that is establishing network between all the government and non-government institutions of the State and is working keenly on the delivery of financial services at affordable costs to sections of disadvantaged and low-income segments of the society.
The conclave was coordinated with the active support of all OSAFII member institutions and coordinated by Sri Md Amin, Sri Govind Dash, Sri Deepak Kindoo, Sri Jugal Kishore Pattnayak – the board of directors of the network.