Fighting poverty is the major agenda item of several Development Banks including the World Bank. IDB’s motto “providing resources, fighting poverty, restoring dignity” openly declares this objective.
Financial inclusion is considered to be to a major instrument in fighting poverty and Micro Finance together with Micro Takaful is considered as a major tool for financial inclusion.
Financial inclusion is an important thrust in development by ensuring that every economic activity, geographical region and segment of society have access to financial services. Financial inclusion would also include the general public having access to financing, financial services, financial redress and financial information.
Initiatives are needed to be continuously undertaken to ensure that individuals and viable businesses have adequate access to financing. In particular, comprehensive mechanisms are needed to ensure small and medium enterprises have continued access to financing. These include establishing institutional arrangements, strengthening financial service providers, developing a microfinance institutional framework, establishing special funds and financing schemes, and improving outreach and awareness.
Access to financial services can be achieved through conventional bank branches, as well as through alternative delivery channels such as microfinance institutions, mobile phone banking and mobile units to increase outreach efficiency while keeping transaction costs low.
ADFIMI will be organizing a two-day seminar on “Financial Inclusion Strategies in South Asia: Methodology and Perspectives” jointly with Zarai Taraqiati Bank Limited on 28 – 29 March 2017 at the Mariott Hotel, Islamabad, Pakistan.
This ADFIMI Regional Seminar will review the importance and status of the financial inclusion in the World as well as in South Asia in terms of conventional and Islamic Finance.
The objective of the seminar is to create an awareness of the importance of financial inclusion, to review the state of financial inclusion in South Asia and study the good practices in conventional and Islamic Microfinance and Micro Takaful application in South Asia Region.
All details and general conditions are given in the attached Aide Memoire.
It is highly recommended to fill in the Application form electronically through ONLINE APPLICATION FORM
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