News Desk, News Nation 360 : In collaboration with M2i, Equifax, MFIN, and Sa-Dhan, the Association of Microfinance Institutions – West Bengal (AMFI-WB) will host the 8th Eastern India Microfinance Summit in 2024. "Empowering the poor: Microfinance as a Catalyst for Sustainable Development" is this year's summit theme. On February 22, 2024, starting at 9 AM, the 8th Eastern India Microfinance Summit 2024 will take place at the Biswa Bangla Convention Centre in New Town, Kolkata. It is commonly acknowledged that microfinance is an effective instrument that helps achieve sustainable development objectives. Its varied responsibilities cover some of the most important elements that promote sustainable development. Microfinance democratises capital access through financial inclusion, enhancing economic participation and empowering marginalised communities. It helps to reduce poverty by providing opportunities for entrepreneurship and job creation. More than 400 leaders and senior officials from MFIs—NGOs, NBFCs, SFBs, BCs, and banks operating in West Bengal, Odisha, Jharkhand, Bihar, and the North Eastern States are expected at this year's summit. More than 60 MFIs from Eastern India are anticipated at the summit. It attempts to bring together the national and international community of stakeholders, especially investors and lenders, to talk about the present and future state of financial inclusion and the significant role that microfinance plays as a catalyst for societal development that is sustainable. At the press conference held at the Kolkata Press Club, a team led by Dr Alok Misra, CEO and Director of MFIN, Kuldip Maity, MD and CEO of VFS Capital Ltd. and Secretary of AMFI-WB, Manoj Nambiar, MD of Arohan Financial Services Ltd., Kartick Biswas, MD of Uttrayan Financial Services Pvt. Ltd., and other AMFI-WB representatives were present to brief the media about the Summit. Members of the banking, regulatory, ratings, insurance, fintech, IT, and software industries; researchers, scholars, and students; energy companies, particularly those that provide green energy and social enterprises; providers of mobile banking and core banking solutions; industry associations and networks; donor agencies, multilateral institutions, and international agencies; and consulting firms are among the stakeholders who will be present at the summit.
Pic - Krishnendu Kundu