Talk on Microfinance by Mr. Surya Panda

Mr. Surya Panda, Head-Credit, Samasta Microfinance Ltd as resource person to the one-day Pre-Conference Workshop on the theme “Development Banking and Inclusive Growth: Emerging Trends” held on November 14, 2019 addressed the participants on the current scenario of the microfinance institutions in India. He spoke comprehensively about how the microfinance institutions operate in India, the benefits of having microfinance institutions, the challenges faced and the contemporary trends. He has elaborated how the microfinance institutions are playing pivotal roles in the upliftment of the underserved communities and propagation of the economy. He also talked about the internal and external risks that the microfinance institutions face, and the mechanisms need to be adopted in order prevent them. The session also discussed issues like how to ensure the loans provided are not squandered, social accounting, interaction between the self-help groups and the microfinance institutions etc. The entire session was immensely insightful and enlightening, and it threw light on several dimensions of microfinance.