In 2016, India was ranked 3rd among 55 countries across the world in having the most enabling environment for financial inclusion*. Since 2009, the public and private sector have worked together to set up an ecosystem that enables the delivery of digital financial services have been launched in more than 80 countries (GSMA 2014) to address the issue of exclusion. “Digital financial inclusion” can be defined as digital access to and use of formal financial services by excluded and underserved populations.
To align our efforts towards inclusive finance in new architecture, the theme for this year’s Conference is “Reinventing Inclusive Finance in the Digital Era”. This year the conference intends to deliberate primarily on digitization and Microfinance sector and myriad ways in which financial inclusion can give a fillip towards elimination of poverty and universalization of financial inclusion.
Further, it would also dwell upon the role of the microfinance sector, to develop the ecosystem, under various government as well as non government initiatives, on acceleration financial services which have an overall impact on lives of clients. The conference would focus on greater dynamism in the Self Help Group movement, accelerating the National Rural Livelihoods Programme and various other relevant and contemporary topics.
*Microscope Survey 2016, Economics Intelligence Unit