Jaipuria Institute of Management, Jaipur (JIMJ), India’s one of the leading management institutes, organized a national seminar on Micro Finance in collaboration with National Bank of Agriculture and Rural Development (NABARD) at its Jaipur Campus today. Key focus areas of the seminar included “Inclusive growth & Financial Literacy”, “Sustainability of micro finance operations” and “ Role of management education in development and strengthening of Micro Finance Sector”. Scholars and specialists from B-Schools and agriculture and Rural development sectors participated in this National seminar. It started today with inaugural function and concluded in late evening with prize distribution and valedictory session. Mr. KM Rao, Chief General Manager, NABARD was the chief guest of the occasion. The program was commenced with lightening of the lamp by Mr. MS Randhawa, GM, Oriental Bank of Commerce, Mr. Sushil Kumar, AGM, NABARD and Dr. Subhash Datta, Director, Jaipuria Institute of Management, Jaipur. The purpose of this seminar was to explore contemporary issues and business factors influencing the present state of finance sector in rural areas across the country.
According to the finance experts, Microfinance segment has tremendous scope for creativity and innovations besides job opportunities and a large number management and other professional students have evinced their inclination to serve this emerging sector.
MS Randhawa, GM, Oriental Bank Corporation, Jaipur, said, “ We cater to the needs of all segment of the society, namely corporate, large, medium, and small scale industries, micro finance, professionals, traders, entrepreneurs, agriculturists employees, services, transport, housing, education, government etc. To improve accessibility of the existing banking network to the poor, the SGH-Bank linkage model was launched in 1992 to facilitate empowerment of the poor, while pursuing the macro economic objective of overall economic growth.” “I am sure that Micro finance sector will grow by leaps and bound the leverage formal financial sector services and enabler for inclusive growth to all needy” He added.
Dr. Subhash Datta, Director, Jaipuria Institute of Management, Jaipur, said, “Micro Finance is only system which can change the eco-system of India. Micro finance play an important role in development of rural India. Basically it has big importance in women’s development. Our motto of seminar is to create awareness towards inclusive growth and significance of micro finance.”
Maharani college, International school of informatics & management, Pacific institute of management & technology (udaipur), RIET College of management Jaipur, R.A. Poddar institiue of management, IIIM, Jagan Institute Of Management , Asia Pacific Institute of management, BIRLA INSTITUTE OF TECHNOLOGY, MESRA , RANCHI, PROCEED BUSINESS SCHOOL, KOTA, ICFAI NATIONAL COLLEGE ADAM SMITH INSTITUTE OF MANAGEMENT, JAIPUR, OBC RURAL SELF EMPLOYEMENT TRAINNING INSTITUTE etc were the few B-Schools that participated enthusiastically.
Dr. Subhash Datta said, “The students were very enthusiastic to learn the different facets of micro finance opportunities in rural sector. The complete enlightening program was a comprehensive whole day long capsule about finance in rural section.” Dr. Datta, while summing up the seminar stated that finance sector was an area of great potential and had a bright future. He supported the views of the speakers by adding that the finance sector was a big contributor to Indian Growth Story.
The Seminar included another feature of organizing a Microfinance Quiz Competition for student participants to appreciate their general awareness about social banking, Micro Finance, operational/implementation issues, latest developments associated with this segment and other related areas. To encourage the students, the winning teams were awarded with the Certificate of Merit along with cash prizes
