• LRC
  • Alumni
  • Careers
  • Contact
  • Brochure
VJIM Logo New1VJIM logo file -08VJIM Logo New1VJIM Logo New1
  • About
    • About Vignana Jyothi
    • About VJIM
    • Governance Structure
    • Governing Council
    • Academic Advisory Board
    • Chairman Message
    • Director Message
    • Advisors – ABM
    • Accreditations and Approvals
    • AICTE Approvals
    • Grading & Rankings
    • Membership
    • AICTE Feedback
    • Mandatory Disclosure
  • Admissions
    • Admission Overview
    • Admission Procedure
    • Eligibility
    • Brochure
    • Fee Details
    • Scholarships
    • Education Loan
    • AICTE Refund Policy
    • FAQ
    • Admission Contact
  • Programmes
    • PGDM
    • PGDM Global
    • CIE
    • Faculty Development Programme
    • Management Development
    • Conferences/ Webinars
    • Workshops/ Seminar
    • Global Immersion Program
    • Rural Immersion Program
  • Infrastructure
    • Amphitheatre
    • Auditorium
    • Class Rooms
    • IT & Communication Hub
    • LRC
    • Canteen
    • Sports and Gymnasium
    • Hostel
    • Transport
    • Campus View
  • Training & Placements
    • Parichay & OBT
    • Career Vision Schooling
    • Placement Overview
    • Our Recruiters
    • Placement Contact
  • Faculty & Research
    • Faculty Directory
  • Students Life
    • Clubs & Commitees
    • Description and Grievance
    • Internal Complaint Commitees
    • Student Insurance FY 2024-25
  • Media
    • Gavesana Journal Of Management
    • Upcoming Events
    • Annual Events
    • Campus News
    • Video Gallery
    • Virtual 360°
Menu
✕
  • Home
  • Blog
  • DISCUSSION ON FINANCIAL INCLUSION AND INCLUSIVE GROWTH
“If Management is taught the right way, there is absolutely no dearth of meaningful opportunities in the market”
December 19, 2021
“If Management is taught the right way, there is absolutely no dearth of meaningful opportunities in the market”
December 19, 2021
Published by Admin on December 19, 2021
Categories
  • Blog
Tags

A stimulating session at VJIM. Hyderabad, lead by Mr. Mohan, Professional Trainer and Consultant Dr. Venkatesh, Manager in IDBI

30th October, 2015, VJIM, Hyderabad: The main motive of organizing seminar on Financial Inclusion and Inclusive Growth is to know the extent of financial inclusion/exclusion in India and to understand the role of financial inclusion for inclusive growth. According to the speakers, Financial Inclusion means, “Delivery of financial services at an affordable cost to vast section of people. It is something going beyond banking.”

IMG_4894

The services which normally comes under financial inclusions, include – credit, savings, insurance, payments, financial advice, etc. The history of strategies for Inclusive growth/Financial Inclusion is explained in three phases, says one of the speaker. Reserve Bank of India has set up different types of committees for research on financial inclusions. The first committee set up was Rangarajan Committee, and it was taken up next by NachiketMor Committee. It has various advantages like it provides formal credits or remittances, provides economic growth through savings or interest by people.

IMG_4897 IMG_4903

Though financial inclusion is considered to be an important determinant for social inclusion of poor, it failed for various reasons like absence of technology, research & coverage, delivery mechanism, not having a business model, etc., but still people are talking of it because focus on Inclusive growth, arrival of banking technology and realization that poor is bankable.

The issues and challenges include use of technology, infrastructural limitations, high cost, strict KYC norms, behavioral aspects, financial literacy, multiplicity of models, etc. “Financial Literacy and Financial Inclusion are complimentary to each other”, says one of the speaker. Financial Literacy is very important as it helps build peoples capability to use financial products and services, creates demand and help institutions devise appropriate products.

IMG_4951

The seminar concluded saying that, Inclusive growth depends mainly on equitable distribution of growth benefits and opportunities and financial inclusion is one of the most critical parts, which need to be equitably distributed in the country in order to attain comprehensive growth. It needs to be assumed that, to bring higher growth, there should be inclusive finance irrespective of all sections of people.

– Student PR Club

Share
Additional Links

About us

  • About Vignana Jyothi
  • About VJIM
  • Academic Advisory Board
  • Accreditations and Approvals
  • Chairman Message
  • Director Message
  • Governance Structure
  • Governing Council
  • Grading & Rankings
  • MOM

Admissions

  • Admission Overview
  • Admission Procedure
  • Eligibility
  • How to Apply
  • Brochure
  • Fee Details
  • Scholarships
  • Educational Loan
  • AICTE Refund Policy
  • Admission Contact
  • FAQ

Programmes

  • PGDM
  • Conferences/ Webinars
  • Webinars
  • Workshops/ Seminar
  • Faculty Development Programme
  • Management Development
  • Blogs
  • 5th International conference
  • MOM
  • VJIM-HBPE
  • sustainable-practices
  • Advisors – ABM
  • CIE
  • Global Immersion Program
  • Rural Immersion Program
  • Student Handbook
  • PGDM Global

Training & Placements

  • OBT & Parichay
  • Career Vision Schooling
  • Placement Overview
  • Our Recruiters
  • Placement Contact

Faculty & Research

  • Faculty Directory

Students Life

  • Clubs & Commitees
  • Description and Grievance
  • Student Insurance FY 2024-25

Address: Bachupally, Nizampet, Hyderabad – 500 090, Telangana, India.

Phone: +91 040 35005333

Email: admissions@vjim.edu.in


Accreditations & Approvals

AICTE ACCREDITATION AIU ACCREDITATION NBA PGDM ACCREDITATION

    Contact Us Now






    • Privacy Policy
    • Disclaimer