Microfinance aiding farmers
“To make democracy function effectively, we must have inclusive growth. Microfinance has given a choice to those who were earlier excluded from the traditional institutional mode of finance. Since more than 80 per cent of Indian farmers do not get loans from such institutions, emergence of micro-finance has been beneficial to the rural poor.”
Dr Amiya Sharma, executive director of the Rastriya Gramin Vikash Nidhi (RGVN) opined this at the fourth Bhabananda Deka memorial lecture held at the Pragjyotish College on Saturday. The annual lecture was organised under the aegis of the Economic Planning Forum, Department of Economics, Pragjyotish College.
Dr Sharma, in his lecture, sounded a note of caution against the unscrupulous elements that are entering into the field of microfinance. “There is a need for regulating microfinance so that the poor are no longer exploited in new ways. Educational institutions like the Pragjyotish College should come forward for networking so that the actual beneficiaries get the right message timely. This will further ensure right type of action for those who have been excluded from the country's growth process for a long time,” he added.
Earlier, Dr Dayananda Pathak, principal, Pragjyotish College paid homage to the late Bhabananda Deka, former principal and HoD, Economics of Pragjyotish College. Dr Pathak said that late Deka was not only a scholar in economics but also a prominent writer who wrote books on economics in Assamese, making the subject intelligible to one and all in Assam. The function was presided over by Atanu Kr Chowdhury, HoD, Economics, of the college.
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