Association of Karnataka Microfinance Institutions (AKMI) and Federation of Karnataka Chambers of Commerce and Industry (FKCCI) organised a conference on ‘financial inclusion in Karnataka - convergence of efforts’, in Bangalore on Thursday.
During the conference, JR Bangera, president, FKCCI, said that the e-sector needs a new improvised policy. “Micro finance sector is already being governed by RBI, it does not require a money lenders act,” he said.
Bangera also urged the government to ensure the rural skill certification programme be implemented, suggesting that it would arm the rural artisans with better qualifications and training, which will help them earn better incomes.
Panchayat Raj minister, Jagadish Shettar said the rural population has been benefited immensely through microfinance programmes in the state.
“Such initiatives have been particularly successful in adding women to the workforce. Women taking part in rural empowerment programmes have grown in confidence because of their financial stability,” said Shettar.
Responding to the concerns raised abut the sector by industry bodies such as FKCCI and AKMI, Shettar said the government would try its best to act on the suggestions it gets.
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