Kolkata, 24 February 2024: The 8th Edition of Eastern India Microfinance Summit 2024 was organized by the Association of Microfinance Institutions West Bengal (AMFI-WB) in association with M2i, Equifax, MFIN & Sa-Dhan. This year the theme of the Summit was Empowering the poor: Microfinance as a Catalyst for Sustainable Development. The 8th Eastern India Microfinance Summit 2024 was held at Biswa Bangla Convention Centre, HIDCO, New Town, Kolkata.
This year the Summit saw over 400 Leaders and senior officials from MFIs (NGOs as well NBFCs, SFBs, BCs and Bank) which are operating in West Bengal, Odisha, Jharkhand, Bihar and North Eastern States. The Summit saw the presence of over 60 MFIs from Eastern India. It brought together the national and global community of stakeholders, particularly lenders and Investors, to discuss current and future aspects of financial inclusion, and how Microfinance plays an important role as a Catalyst for a Sustainable Development of the society.
The Summit witnessed Delegates from Bangladesh and Nepal; Banks, Regulators, Ratings Agencies; Fintech, IT, Software Companies; Insurance Companies; Researchers, Scholars and Students; Energy Companies especially green energy providers and social enterprises; Mobile Banking/Core Banking Solution Providers; Industry association/network; Donor agencies/multilateral Institutions and International Agencies; Consultancy firm, among others stakeholders.
Microfinance is widely recognized as a powerful tool, contributing to and propelling towards achieving sustainable development goals. Its multifaceted roles encompass some of the key aspects instrumental in fostering sustainable development. Through financial inclusion, microfinance democratizes access to capital, empowering marginalized communities and amplifying economic participation. It contributes to poverty alleviation, offering avenues for entrepreneurship and job creation.
Microfinance also champions gender equality by providing women with access to financial services. As a catalyst for change, microfinance intertwines financial empowerment with social empowerment, paving the way towards a more inclusive and sustainable future. This year's session was attended by the MFIs practitioners, regulators and funders to discuss most pertinent issues facing the sector.
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