National Summit
Microfinance: The Way Forward

18 January, 2013, Hotel Le Meridien, New Delhi

About the Event  | Event Details

About half of the Indian population still doesn’t have a savings bank account and they are deprived of all banking services. Microfinance institutions serve as a supplement to banks and in some sense a better one too. These institutions not only offer micro credit but they also provide other financial services like savings, insurance, remittance and non-financial services like individual counselling, training and support to start own business and the most importantly in a convenient way.
 
Although the microfinance sector is having a healthy growth rate, there have been a number of concerns related to the sector, like grey areas in regulation, transparent pricing, low financial literacy etc. In addition to these concerns there are a few emerging concerns like cluster formation, insufficient funds, multiple lending and over-indebtedness which are arising because of the increasing competition among the MFIs. On a national level there has been a spate of actions taken to strengthen the regulation of MF sector including, enactment of microfinance regulation bill by the Government of Andhra Pradesh, implementation of sector-specific regulation by Reserve Bank of India and most recently, release of Draft Microfinance Institutions (development and regulation) Bill, 2011 for comments.
 
With financial inclusion emerging as a major policy objective in the country, Microfinance has occupied centre stage as a promising conduit for extending financial services to unbanked sections of population. At the same time, practices followed by certain lenders have subjected the sector to greater scrutiny and need for stricter regulation. Accordingly, to address the major issues related to Micro finance in India, ASSOCHAM is organizing a NATIONAL SUMMIT ON MICROFINANCE: THE WAY FORWARD at 09:30 a.m. on 18th January 2013 at Hotel Le Meridien, New Delhi. We have invited policy makers, parliamentarians and other stakeholders to address the summit.
 
In view of the importance of the subject, we will request you to kindly attend the summit and also nominate your colleagues to join at this important Summit. We would also request your organization to SPONSOR the Summit as per details attached.

Registration Fees: 

  • Rs. 2,000/- (Inclusive Service Tax) per delegate