Inclusive Financial Conclave 2024 | Financial Express (India) | TBA, New Delhi

Financial inclusion -- defined as the process of ensuring access to financial services and timely and adequate credit for weaker sections and low-income groups at an affordable cost by Dr C Rangarajan Committee in 2008 -- is increasingly being recognized as a pivotal factor in stimulating job growth, mitigating vulnerability to economic downturns, and enhancing investments in human resources.

An assessment of the financial inclusion landscape in India indicates that efforts have been made over time in this realm. For the MSME sector, initiatives such as Mudra Yojana, TReDS, SVANidhi, Vishwakarma, Udyam registration, etc., have been implemented, with a focus on empowering micro and nano enterprises as well as self-employed individuals at the grassroots level.

Coupled with the JAM (Jan Dhar-Aadhaar-Mobile) trinity under India Stack, part of the Digital Public Infrastructure, the financial inclusion of MSEs has also been among the top priorities for the government.

However, there still remain physical, socio-cultural and psychological barriers including lack of trust in the system, lack of awareness, high transaction costs, lack of surplus income, etc., that keep a number of such enterprises out of the ambit of financial inclusion.

Moreover, the Global Partnership for Financial Inclusion (GPFI), a platform for G20 and interested non-G20 countries to advance financial inclusion globally, in September 2023 had highlighted improving access to finance for MSMEs as a priority area for the 2024-2026 period.

Against this backdrop, the second edition of the Inclusive Finance Conclave this year will initiate discussions on removing the barriers to financial inclusion for MSMEs and accelerating their growth at the last mile.

Topics of Discussion:
• Easing accessibility to right financial products
• Enhancing effective utilisation of digital services
• Improving financial education and literacy
• Boosting inclusion of women entrepreneurs
• Leveraging fintech solutions
• Reducing cost of adoption
• Strengthening security of digital services
• Improving quality of services

Who Should Attend:

• Banks
• NBFCs
• Digital lenders
• Fintechs
• MSMEs
• Insurance companies
• Technology companies
• Advisory & consulting firms

Why Attend:
The Inclusive Finance Conclave aims to be a comprehensive platform to advance knowledge, expand network, and find practical solutions to enhance financial inclusion for MSMEs and entrepreneurs.

• Learn about loans, grants, venture capital, microfinance and other financial products specifically tailored for underserved and underbanked entrepreneurs
• Network with potential investors and financial institutions interested in supporting last-mile entrepreneurial ventures as well
• Connect with other entrepreneurs, policymakers, thought leaders and potential partners for mentorship and collaboration
• Stay Informed with up-to-date information on the latest trends, challenges, and solutions in financial inclusion space
• Contribute to shaping the future landscape of financial services and inclusion, ensuring it supports entrepreneurs like yourself