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Sa-Dhan holds workshop on ‘Role of CDFIs in PMJDY’

Sa-Dhan holds workshop on ‘Role of CDFIs in PMJDY’

English AnimatedBhubaneswar, 26/9 ( Odisha Samachar/Abhisek Mohanty ) :   To deliberate on the role of Community Development Finance Institutions in furthering the implementation of PMJDY and the expectation of Government, RBI, NABARD, SIDBI and banks from these grass root level organizations, Sa-Dhan Odisha State Chapter organized a workshop on Role of Community Development Finance institutions (CDFIs) in Prime Minister Jan-Dhan Yojana (PMJDY) on Friday here at Red Cross Bhawan in the city.

The programme started with the welcome Address by Mr. Parashuram Nayak, Director, SMCS, Convener of the workshop, Sa-Dhan Odisha State Chapter.  Senior bankers from RBI, NABARD, SIDBI, SBI, UCO Bank, Canara Bank, IDBI Bank, Indian Bank, IOB, Axis Bank, Yes Bank, Andhra Bank, Central Bank, Corporation Bank interacted with the participants and the Microfinance Institutions (MFIs) on the comprehensive financial inclusion programme launched by the Prime Minister of India, Shri Narendra Modi on August 28, 2014. They shared their views on PMJDY, its benefit to the unbanked poor, role of Banking Correspondents / Banking Facilitators (BC/BF) vis-a-vis role of CDFIs/MFIs on delivering the programme and its impact on poor households. The platform brought together the Community Development Microfinance Institutions, policy makers, bankers, regulators, and civil society institutions to spin a common vision for the national agenda to make financial inclusion a reality through the PMJDY. Leaders of MFIs collectively underlined the importance of organizing a workshop with Bankers that provides opportunities to define the role of CDFIs, garner support and guidance in implementation of the PMJDY project in the state.PMJDY 1

The workshop witnessed participation of more than 150 members of functionaries of Micro Finance Institutions, Banks, Trusts, Cooperatives, SHPIs, NGOs, Media, Civil Society, etc.

Welcoming the participants, Mr. Md. N Amin, Vice President Sa-Dhan Odisha State Chapter and President Adhikar & Adhikar Microfinance Pvt. Ltd highlighted the importance vis-a-vis challenges of fulfilling the mandate of financial inclusion and its urgency to be addressed upon. He emphasized on PMJDY addressing these issues to greater extent. He also thrust upon the importance of financial awareness and transparency among the stakeholders to avoid any undesirable outcomes.

The Convention was facilitated and summarized by Mr. Parashuram Nayak, Director, SMCS; vote of thanks was delivered by Mr. Dibyajyoti Pattanaik, ED, Annapurna Microfinance Pvt. Ltd. and the event was over all coordinated and arranged by Mr. Susanta Kumar Behera, State Coordinator, Sa-Dhan. PMJDY 2

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