CSR to play major role in J&K development post abolition of 370 Article- CSR Research Foundation

Mumbai: To further the role of financial inclusion in economic growth, we require to focus on collective active participation rather than just banking on the government initiatives, feel the experts at the 2nd National Summit on Financial Inclusion organized by CSR Research Foundation with the support of NITI Aayog, Govt of India, State Bank of India and other institutions here in Mumbai.

The theme of the Summit – A way to People, Planet and Prosperity, rightly focused on the need of the hour to create a balance between growth and environment and ensure prosperity to have inclusive economic growth. The MOS for Social Justice and Empowerment Shri Ramdas Athawale emphasized on the role of CSR in creating a business environment to further industrial growth and creating employment in the Jammu & Kashmir state after the abolition of Article 370 of the constitution of India. He emphasized on the role of financial inclusion and corporate social responsibility in the growth of the country and employment.

Reserve Bank of India Director, Satish Kashinath Marathe emphasised five pillars of Financial Inclusion i.e. Credit, Deposit, Insurance, Remittance & Pension which are instrumental in the upliftment of weaker sections & deprived society.

Addressing theme, the chairman of the CSR research Foundation Deendayal Agarwal said that through Financial literacy we can empower even an illiterate person to run the business smoothly e.g. small vegetable vendors, hawkers, Auto rickshaw drivers, can easily do the financial transactions digitally by using BHIM, UPI, Paytm etc.

Organizing secretary of Bharat Vikash Parishad Shri Suresh Jain, Chief Guest emphasized on the role of social inclusion to achieve financial inclusion and appealed to the corporate and banking sector to come forward to play an important role in the growth of the country.

Ajay Shankar Singh, Chief Controller of Accounts Ministry of Rural Development Govt of India said that Financial Inclusion may helpful in strengthening the prosperity of Rural hinterland and Developing Smart villages.

BJP National spokesperson for economic affairs Gopal Krishna Agarwal said that now the time has come to move to the next level of financial inclusion which means to provide equal opportunity to all in the financial markets.

General Manager of State Bank of India Ananthanarayanan A, said that we are already working to bring common people in the mainstream of the country and as a banking partner we wish that this Two days 2nd National Summit on Financial Inclusion will be a milestone for the benefit of the entire society.

National Summit was addressed by more than 50 bank Directors, PSU Directors, Financial people and Policy Makers from across India. Vice-Chairman Rail Land Development Authority V P Dudeja, Former Director Bank of India Veni Thapar, Bank Of Maharashtra Director R Thamodharan, Executive Director LIC (micro Finance) T R Mendiratta, Former Director ONGC V P Mahawar, Sarvesh Tiwari (MD, PR Professionals), CA Ravi Sethi ,CA Anjavi Pandya among the others were present on this occasion.