The Government of India and the Reserve Bank of India have been making concerted efforts to promote financial inclusion as one of the important national objectives of the country. Some of the major efforts made in the last five decades include – nationalization of banks, building up of robust branch network of scheduled commercial banks, co-operatives and regional rural banks, introduction of mandated priority sector lending targets, lead bank scheme, formation of self-help groups, permitting BCs/BFs to be appointed by banks to provide door step delivery of banking services, zero balance BSBD accounts, etc. The fundamental objective of all these initiatives is to reach the large sections of the hitherto financially excluded Indian population.
Elets Technomedia Pvt Ltd in line with Government of India’s agenda to promote Financial Inclusion throughout the length and breadth of the country through the means of DBT, easier payment mechanisms, announces its second edition of elets Financial Inclusion & Payments Systems (FIPS) Summit 2014, Conference, Awards and Exhibition in September 2014. By bringing together the various stakeholders of the BFSI Sector, the conference will highlight the seminal role that the Government, Banks, NBFCs, Payment Companies, are playing to promote Financial Inclusion.