HYDERABAD: To put microfinance back on development track, the state government in association with the National Rural Livelihood Mission (NRLM), the Union government and International Network of Alternative Financial Institutions (INAF), will be organising a two-day seminar in the city from Tuesday.
Announcing this at a press conference on Monday, women development and child welfare minister Sunita Laxma Reddy said the microfinance summit, in which MFI practitioners will take part, would focus on sharing knowledge and practice on advancing development of the power with dignity.
The minister said that microfinance in the state had shown an increasing trend of drifting towards crass commercialisation, resulting in many poor families falling into debt trap. This had made the government to introspect as to what had gone wrong with microfinance and also think of ways to put it back on the track.
Microfinance practitioners from Bangladesh, Philippines, Afganisthan, Nepal, Sri Lanka, Africa and USA are among the countries participating in the summit. On the second day of the summit, the delegates will visit and interact with communities with whom Society for Elimination of Rural Poverty is implementing poverty reduction programmes. Chief minister N Kiran Kumar Reddy is slated to inaugurate the programme and Union environment minister Jairam Ramesh will deliver the keynote address.
Source
Announcing this at a press conference on Monday, women development and child welfare minister Sunita Laxma Reddy said the microfinance summit, in which MFI practitioners will take part, would focus on sharing knowledge and practice on advancing development of the power with dignity.
The minister said that microfinance in the state had shown an increasing trend of drifting towards crass commercialisation, resulting in many poor families falling into debt trap. This had made the government to introspect as to what had gone wrong with microfinance and also think of ways to put it back on the track.
Microfinance practitioners from Bangladesh, Philippines, Afganisthan, Nepal, Sri Lanka, Africa and USA are among the countries participating in the summit. On the second day of the summit, the delegates will visit and interact with communities with whom Society for Elimination of Rural Poverty is implementing poverty reduction programmes. Chief minister N Kiran Kumar Reddy is slated to inaugurate the programme and Union environment minister Jairam Ramesh will deliver the keynote address.
Source
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