2018

Microfinance Leads to Social Inclusion – Dr.R.Indira

Dr. R. Indira, President, Indian Sociological Society, speaking on the panel topic “Nexus between Micro Credit and Sustainability: Unravelling the Research Perspectives” in the pre-conference workshop on ‘Micro Finance for Macro Development’ on November 22, 2018 opined that microfinance has contributed to the social sustainability. Dr.Indira attributes women empowerment with education, freedom of action, economic independence, improved standard of living, rising social status and better organisational skills to microfinancing and SHGs.

Mr. William D’ Souza, Vice-Chairman, Sanghamithra Rural Financial Services

Mr. William D’ Souza, Vice-Chairman, Sanghamithra Rural Financial Services narrated the success and the hardships of MYRADA, a leading and the oldest NGO based at Mysore in delivering microfinance. He was addressing the participants of the pre-conference workshop on ‘Micro Finance for Macro Development’ on November 22, 2018. Based on his practical experience on the field, Mr.D’Souza believes that formation of Self Help Groups (SHGs), and delivery of microfinance to SHGs under joint liability group model has a far-reaching impact on financial inclusion of the economically excluded population in the society.   

Dr. Annapurna Neti on Microinsurance

Dr. Annapurna Neti, Faculty, Azim Premji University, Bangalore delivered a lecture on “State of Microinsurance in India” on November 22, 2018 as part of the 4th International Conference on Economic Growth and Sustainable Development. The session covered the current state of microinsurance cover in India, and the challenges in the path of success of this sector. Dr.Neti also took the participants through various microinsurance products, their coverage and their suitability to common man. She emphasised on the need for good predictability of the income and insulate against the risk through insurance accordingly.

Talk on B.C. Model by Mr. V.N. Salimath, Chairman, IDF

Mr. V.N. Salimath, Chairman, Initiatives for Development Foundation (IDF) delivered a session on 'Business Correspondent (BC) Model of Micro Financing & its Sustainability' on November 22, 2018 as part of the 4th International Conference on Economic Growth and Sustainable Development. He also spoke about farmer vulnerabilities and the functioning of Farmer Producer Company (FPC). The session introduced to the participants with the working of BC model of financing and the challenges it faces. Mr.Salimath explained elaborately the effectiveness of this model in the drive towards financial inclusion. One of the major contributions of this model, as spelled out by the speaker is doing away with network of money lenders who are exploitative and connect to organised banking. 

Microfinance Workshop Inauguration by Mr. Udaya Kumar

Mr. Udaya Kumar, MD & CEO, Grameen Financial Services inaugurated the pre-conference workshop on “micro Finance for Macro Development” on November 22,2018 and delivered the keynote talk. He said that “India still has a large population that belongs to the bottom of the pyramid and inclusion does not mean having a bank account, but it has more to do with a wide range of financial services and security such as insurance, health care, education, it is beyond that. Microfinance industry is indispensable for a country like India because it caters to a large set of people who are at the bottom of the pyramid. This industry is aiding the economic growth of the Nation by catering to a humongous population that is unserved or unserved”.  

Talk on Investment and Capital Market Operations

Mr. Gopalakrishnan Karuppiah, Managing Director, Gulf Crescent - Oman & UAE, was the speaker for the invited talk organized on November 20, 2018 to the batch of PGDM 2018-20. The speaker presented an overview of investment and capital market operations. The step-by-step approach followed by the speaker introduced the different types of investment; overview of the capital market; role of management and regulators in a capital market; functioning of securities market; and, significant role played by documentation in the entire process of investment. The discussion on how to invest in the securities market and how to evaluate the company’s performance for making good investment decisions was the highlight of the talk. The session was followed by questions and answers.

Kannada Rajyotsava Celebration

Kannada Rajyotsava was celebrated at Shri Dharmasthala Manjunatheshwara Institute for Management Development (SDMIMD), Mysore, on November 20, 2018. The Rajyotsava started with a festive mode decorating the campus with buntings, posters of prominent personalities of Karnataka, and flowers. The event started with hosting of the Kannada flag of 40 feet. Students sang the Kannada Naadageete ‘Jaya Bharata Jananiya tanujaate’ followed by National Anthem. A special lunch with unique dishes of Karnataka was served by the students from 22 states of the institute to faculty and staff members of the institute. 
 
In the evening, sports and cultural programs were organized. Traditional local games of Karnataka were introduced to other state students. Students from other states sang Kannada songs and danced to the tunes. Kabaddi match played between the staff and students’ teams and the ‘Folk dance’ performance were the highlights of the celebrations.

Talk on ICICI Directo StockMIND

Mr. Girish R, Regional Manager - Karnataka, ICICI Direct Centre for Financial Learning, Bengaluru, delivered invited talk on 'ICICI Directo StockMIND'  annual nationwide virtual stock market competition for college students, on November 2, 2018 the PGDM 2018-10. The speaker demonstrated on how the StockMIND’s real-world trading environment has been instrumental in sharpening the analytical, decision making and quick-thinking skills of students. Further, the speaker opined that the virtual stock market provides students a platform to develop and sharpen skills that are highly valued by an industry and goes a long way in shaping their careers in the equity markets. Mr. Girish said that student involvement in such initiatives will help them in developing positive financial habits and to prepare for the future.