This document announces a seminar organized by Accurate Group of Institutions on the topic of financial inclusion. The seminar aims to provide insight into opportunities and challenges of financial inclusion in India. It notes that while the banking industry has grown, vast segments of the population remain unbanked. The government and RBI have been pushing for greater financial inclusion to unleash growth potential and prosperity. The seminar aims to familiarize participants with financial inclusion and extending financial services to unserved populations to promote more inclusive growth. It is intended for professionals, academics, researchers and students committed to increasing awareness of financial inclusion among underprivileged groups.

1. Organised by:
Accurate Group of Institutions
Knowledge Park- III, Greater Noida, UP
Finance Seminar
On
FINANCIAL INCLUSION
(OPPORTUNITIES AND CHALLENGES)
Accurate Group of Institutions
Accurate Group of Institutions is a leading Institution offering a wide range of courses
pertaining to different fields of studies. Established in the year 2006, Accurate has
grown immensely and today it stands tall as a full-fledged Institute. The focus is on
teaching, consulting research & Management Development Programs with state of art
classrooms, internet, computing facilities and seminar facilities. Accurate has
partnerships with various foreign universities like- University of Auckland, New
Zealand & Nanyang Technological University, Singapore, for student exchange
programs. Consultancy & Management Development Programs provide thrust to
Accuratians growth. Needless to say, the various programs at Accurate have been
created with inputs from corporate, management practitioners & academicians, to
offer a blend of concepts & their applications. At Accurate, we believe in the role of
business for creating a better India with a focus on generating wealth, and economic
prosperityforall.
Accurate Milestones
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Centre for Corporate Relations Organizing Committee
Mr. Satish Verma Dr. Satish Kumar Matta
Vice-President (CCR) Professor & Head PGP
Mrs. Manisha Sethi Prof. Amit Kr. Singh
Sr. Manager (CCR) Asst. Professor
Finance
For any help contact: amit.singh@accurate.in, Mob. +91-9971020870, 9811288869
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Accurate Group of Institutions
Plot No. 49, Knowledge Park – III, Greater Noida, (U.P.)
Tel: 0120-2328234, 2328235, Fax: 0120-2320355
Website: www.accurate.in
ACCURATE GROUP OF INSTITUTIONS
Patron
Hon’ble Ms. Poonam Sharma
Group Director
Program Director
Dr. Rajeev Bhardwaj
Executive Director

2. “The test of ourprogress is not whetherwe add more to the abundance of those who have much;
itiswhetherweprovideenough forthose who havetoolittle.”
- FranklinD. Roosevelt
“Povertyistheworst formofviolence.” -MahatmaGandhi
“If the misery of the poor be caused not by the laws of nature, but by our institutions, great is
oursin.” -CharlesDarwin
Introduction
The policy makers have been focusing on financial inclusion of Indian rural and semi-rural areas
primarilyforthreemostimportantpressingneeds:
1. Creating a platform for inculcating the habit to save money
2. Providing formal credit avenues
3. Plug gaps and leaks in public subsidies and welfare programmes
Even after 67 years of independence, a large section of Indian population still remains unbanked.
This malaise has led generation of financial instability and pauperism among the lower income
group who do not have access to financial products and services. The banking industry has shown
tremendous growth in volume and complexity during the last few decades. Despite making
significant improvements in all the areas relating to financial viability, profitability and
competitiveness, there are concerns that banks have not been able to include vast segment of the
population, especially the underprivileged sections of the society, into the fold of basic banking
services. Internationally also efforts are being made to study the causes of financial exclusion and
designing strategies to ensure financial inclusion of the poor and disadvantaged. The reasons may
vary from country to country and hence the strategy could
also vary but all out efforts are being made as financial
inclusion can truly lift the financial condition and
standardsoflifeofthepoorandthedisadvantaged.
However, in the recent years the government and Reserve
Bank of India has been pushing the concept and idea of
financialinclusion.
Financial inclusion is the delivery of financial services at
affordable costs to vast sections of disadvantaged and low
incomegroups.
Financial inclusion of the unbanked masses is a critical step that requires political will,
bureaucratic support and dogged persuasion by RBI. It is expected to unleash the hugely untapped
potential of the bottom of pyramid section of Indian economy. Perhaps, financial inclusion can
beginthenextrevolutionofgrowthandprosperity.
An interesting feature which emerges from the international practice is that the more developed
the society is, the greater the thrust on empowerment of the common person and low income
groups. It may be worthwhile to have a look at the international experience in tackling the problem
offinancialexclusionsothatwecanlearnfromtheinternationalexperience.
It is becoming increasingly apparent that addressing financial exclusion will require a holistic
approach on the part of the banks in creating awareness about financial products, education, and
advice on money management, debt counseling, savings and affordable credit. The banks would
Date:
Saturday,
th
10 Jan. 2015
9:30 AM onwards
Venue:
Seminar Hall
Management Block
BuildingCareersAccurately
ProgramSchedule
Time Event
10.00hrs –10.30hrs Registration
10.30hrs –10.35hrs LightingoftheLampCeremony
10.35hrs –10.50hrs Welcome&FelicitationofGuests
10.50hrs –11.00hrs WelcomeAddress by
Dr.RajeevBhardwaj, ExecutiveDirector
11.00hrs:Address by session chair-Prof.Sarkar
(M. Stat from Indian Statistical Institute, Kolkata with specialisation in
Econometrics and Planning and MA in Management Studies from
University of Leeds, UK with specialisation in Finance. Having 45 years
experience in government, academics and industry)
Session-1: Mr. Mukesh Kumar
(
Session-2: Mr. S. Kapoor
(More than 30 years of rich experience in Banking Industry at very senior
levels (AGM). Being a trainer and consultant for a long period. Currently
associated as a visiting faculty with many reputed Management
Institutions.)
1.30 hrs: Concluding remarks by session chair
2.00 hrs: Vote of thanks
2.10 hrs: Lunch
An Indian Economic Service (IES) Officer of 2007 Batch and have
worked in Ministry of Finance, Ministry of Agriculture and Ministry of
Rural Development (Presently serving as Assistant Commissioner)
have to evolve specific strategies to expand the outreach of their services in order to
promotefinancialinclusion.Oneofthewaysinwhichthiscanbeachievedinacost-
effective manner is through forging linkages with microfinance institutions and
local communities. Banks should give wide publicity to the facility of no frills
account. Technology can be a very valuable tool in providing access to banking
products in remote areas. ATMs cash dispensing machines can be modified suitably
to make them user friendly for people who are illiterate, less educated or do not
knowEnglish.
The objective of the seminar is to familiarize, promote and develop insight about
financial inclusion and to extend financial services to the large hitherto un-served
population of the country to unlock its growth potential. In addition, it strives
towards a more inclusive growth by making financing available to the poor in
particular.
The program is intended for leading business professionals, academicians,
researchers, students and all other committed to increase awareness regarding
financialinclusionespeciallyamongtheunderprivilegedsectionsofthesociety.
Objective
TargetParticipants