Samapti Roy:Kolkata: Association of Micro Finance Institutions West Bengal with its member MFIs and KPMG in India organised The 4th Eastern India Micrifinance Summit 2018.
The title of the summit was ‘ Microfinance: Going Digital While Retaining the Human Touch”.The main aim of the summit is to engage the skateholders in discussions applicable to the present and future aspects.
The discussions was on how the MFIs grow and increase them in rural areas more and more and expansion to major part of the country by which The Next Wave of Growth for Microfinance could be happened.As the MFIs increased that can pressure the NIM and also help it to increase so that it could allied with the Ecosystem.
Expandable microfinance model could driven by branch ledcexpansion which could be an exorbitant when the threat of disterbance to the model would increase and by the collaboration it can be handled greatfully.
The spread of the MFIs which currently targeted by banks such as giving lend to small and medium companies and enterprises, giving loan against property, personal loans by which they will get the regulatory system and able to Risk management in the changing situation.
The main points in which a microfinance company can work is to catalyze the rural economical systems by different types of financing.Where the Public Sector Bank is not do very well just get there and do a and fresh loans.Thecrules and regulations by the microfinance body and the authority have to maintain.Pririty should be taken to the domestic equity and to follow the business growth instead of development.
On 14th December at Park Hotel the summit arranged where Chairperson AMFI-WB Mr. Ajit Kumar Maity; CGM, RBI Regional Office Kolkata Mr. Hauzel Thangzanuamuan; CGM, NABARD Mr. Subrata Mondal; Chairman UCO Bank Head Office Mr.A.K.Goel; AGM, State Bank of India Agri Local Head Office Kolkata Mr. Barun Kumar Dutta and many more dignitory persons were present.
They all had their innovative thinkings and they shared them in the panekl discussions.At the end of the panel discussions different microfinance company who had done a great work was felicitated and honoured with awards.