Hyderabad, August 13, 2013: As a part of its on-going
efforts to enhance the knowledge on various economic aspects of domestic as
well as global market, Dun & Bradstreet, the world’s leading provider
of business information, knowledge and insight and Andhra Bank organized a
seminar titled ‘Financial Inclusion Conclave 2013’ in Hyderabad today. The
other partners to this event included Canara Bank, BSE Investor Protection Fund
and Micro Finance Institutions Network.
Elaborating on the need of Financial Inclusions
Mr. Ponnala Lakshmaiah – Hon’ble Minister for I.T. Electronics
& Communications Govt. of A.P said, “Wealth Generation and equitable
distribution should be coupled together as a theme for any country regardless
of the state of economy. The mindset of the policy maker has to be to keep the
common man in mind while targeting high growth. It starts with concern there by
commitment & a philosophy.”
Speaking at the event, Ms.
Preeta Misra, Director–Learning Solutions, Dun & Bradstreet Corp said, “Financial
inclusion has been accorded high importance to aid the inclusive growth process
for any economy. In this regard, D&B India has undertaken various capacity
building initiatives for Micro, Small & Medium Enterprises and has
conducted over 250 programs across different clusters.
Expressing
his view on event theme ‘Journey Ahead: Tie-in Social
Obligation & Business Opportunity’, Mr. B.A.
Prabhakar-Chairman & Managing Director of Andhra Bank said, “RBI wants
financial inclusion for inclusive growth but 50% of the villages in the country
do not have any financial services. Banks must use ICT enabled services to
reach out to rural masses to increase financial literacy. Banks must conduct
camps / set up more centers in villages to reach out to common people.”
Giving his insights on Aadhar linked
Financial services Mr. M. V. S. Rami
Reddy – Deputy Director General, Hyderabad Region Unique Identification Authority
of India , Govt. of India said “Out of
8.46 cr population in A.P, 8.35cr have
enrolled for Aadhar and we have issued more
than 6cr cards already. By Nov 2013 A.P.
will have 100% coverage. Aadhar has become
a financial address for all and it must be linked to all financial services for
inclusive growth.”
Highlighting
the role of technology in Financial Inclusion, Mr. Ashishkumar Chauhan, MD
& CEO, BSE Ltd. said “There is an immense potential for technology driven
Financial Inclusion in a country like India with a billion plus population. BSE
is contributing its part by directly educating the investors across India
through its vast network and has conducted more than 2800 programs in the last
2 years”
Other eminent speakers present at D&B Financial
Inclusion Conclave were
A.D.M.Chavali, Executive Director, Indian
Overseas bank , Mr. R.N. Dash – GM, RBI, Mr. V.B. Bhgavathi –GM- Andhra Bank, Mr.
Alok Prasad, CEO-MFIN, Mr. G.S. Iyer –GM-Canara Bank, Mr. Kumara Swamy –
DGM-SBH, Mr. Guru Harinadh Rao-DGM Corporation Bank