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Hyderabad, Jun 20: The three-day international summit on the theme of 'Microfinance and Inclusive Development' begins here from tomorrow.
The Society for Elimination of Rural Poverty (SERP), Government of Andhra Pradesh, in association with Natinal Rural Livelihoods Mission (NRLM) of Government of India and International Network of Alternative Financial Institutions (INAFI) were organising the summit, Minister for IKP, Women and Children V Sunitha Laxma Reddy said at a press conference here today.
Ms Reddy said on the opening day of the Summit, Andhra Pradesh Chief Minister N Kiran Kumar Reddy would deliver the inaugural address while Union Minister of State (Independent Charge) for Forests and Environment Jairam Ramesh would deliver the keynote address.
She said there was a greater concern across the globe that micro-finance programmes had been drifting from the original purpose and moving away from the primary objective of addressing poverty rather than being more concerned with the sustainability, resulting in gross commercialization with its attendant impact or chasing profits at the expense of clients.
The Minister, however said, the alternative perspectives of community ownership, building social capital through microfinance and leveraging microfinance for larger development process and outcome had been expressed well in many microfinanceprogrammes across the globe, particularly in Asia. Microfinance practitioners from the countries such as Bangladesh, Philippines, Afghanistan, Nepal, Srilanka, Africa and USA were attending the summit.
Ms Reddy said on the second day of the summit, the delegates would visit the villages and interact with the communities, with whom the SERP was implementing poverty reduction programmes and announced that the credit flow to Self-Help Groups (SHGs) through Banks accounted to Rs 9,000 crore in 2011-12 as against Rs 7,800 crore in 2010-11.
Parallel sessions on various themes related to microfinance issues and challengs to evolve strategies and way forward for inclusive development would also be held where success of SHGs will be showcased.
- Agencies
Hyderabad, Jun 20: The three-day international summit on the theme of 'Microfinance and Inclusive Development' begins here from tomorrow.
The Society for Elimination of Rural Poverty (SERP), Government of Andhra Pradesh, in association with Natinal Rural Livelihoods Mission (NRLM) of Government of India and International Network of Alternative Financial Institutions (INAFI) were organising the summit, Minister for IKP, Women and Children V Sunitha Laxma Reddy said at a press conference here today.
Ms Reddy said on the opening day of the Summit, Andhra Pradesh Chief Minister N Kiran Kumar Reddy would deliver the inaugural address while Union Minister of State (Independent Charge) for Forests and Environment Jairam Ramesh would deliver the keynote address.
She said there was a greater concern across the globe that micro-finance programmes had been drifting from the original purpose and moving away from the primary objective of addressing poverty rather than being more concerned with the sustainability, resulting in gross commercialization with its attendant impact or chasing profits at the expense of clients.
The Minister, however said, the alternative perspectives of community ownership, building social capital through microfinance and leveraging microfinance for larger development process and outcome had been expressed well in many microfinanceprogrammes across the globe, particularly in Asia. Microfinance practitioners from the countries such as Bangladesh, Philippines, Afghanistan, Nepal, Srilanka, Africa and USA were attending the summit.
Ms Reddy said on the second day of the summit, the delegates would visit the villages and interact with the communities, with whom the SERP was implementing poverty reduction programmes and announced that the credit flow to Self-Help Groups (SHGs) through Banks accounted to Rs 9,000 crore in 2011-12 as against Rs 7,800 crore in 2010-11.
Parallel sessions on various themes related to microfinance issues and challengs to evolve strategies and way forward for inclusive development would also be held where success of SHGs will be showcased.
- Agencies
Jun 20, 2011
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