Pre-Conference Workshop on 'Micro Finance for Macro Development'

SDMIMD had organised a one-day Pre-Conference Workshop on ‘Micro Finance for Macro Development’ on November 22, 2018. This was a part of 4th International Conference on Economic Growth and Sustainable Development. 
Mr. Udaya Kumar, MD & CEO, Grameen Financial Services inaugurated the workshop 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”.  
Dr. N.R. Parasuraman, Director, SDMIMD, presided over the inaugural session and emphasised the need for result oriented research on various verticals of microfinance. 
Mr. V.N. Salimath, Chairman, Initiatives for Development Foundation (IDF) delivered a session on 'BC Model of Micro Financing & its Sustainability'. He also spoke about farmer vulnerabilities and the functioning of Farmer Producer Company (FPC). 
Dr.S.N.Prasad, Professor-SDMIMD Mysore discussed the various dimensions of the ground level issues associated with the functioning of microfinance in Indian context.  
Dr. Annapurna Neti, Faculty, Azim Premji University delivered lecture on the “State of Microinsurance in India”.  She emphasised on the need for good predictability of the income and insulate against the risk through insurance accordingly. 
The workshop did deliberate on “Nexus between Micro Credit and Sustainability: Unravelling the Research Perspectives” through a panel discussion. The consisted of: Mr. William D’ Souza, Vice-Chairman, Sanghamithra Rural Financial Services, Dr. R. Indira, President, Indian Sociological Society, and Dr. N.R. Parasuraman, Director, SDMIMD, Mysore. The panel was moderated by Dr. M.R. Suresh Professor-Marketing, SDMIMD, Mysore. The discussions led to unveiling of the areas of research requirements. It was felt that financial, social, institutional, and economic perspectives of microfinance need rigorous research to facilitate MFIs’ decision making and government’s policy making.   
The workshop was coordinated by Dr.B.Venkatraja, Conference Chairperson 

Valedictory Address to IEC 2018 by Dr.M.S.Sriram

Dr. M.S.Sriram, Visiting Professor-IIM Bangalore & Distinguished Fellow at IDRBT- RBI delivered valedictory address to the 4th International Conference on “Economic Growth and Sustainable Development: Emerging Trends” on November 24, 2018.  Dr.Sriram raised concern over the widening wealth gap in the society in the reform era, which is the major threat to the major threat to the growth sustainability. He strongly argued that, the faster the growth rate, the greater are the chances of taking something away from the future. He opined that, sustainability is all about extracting as much as we can replenish. Dr. Sriram also highlighted on how growth is always moving us towards exclusion from. The talk emphasised on the need for striking a balance between growth and sustainable development for the overall development of national economies.

Dr. Ashly Pinnington Spoke on Compliance with Soft Regulation

Dr. Ashly Pinnington, Dean-Research, British University in Dubai was the Distinguished Speaker in the Valedictory Session of the 4th International Conference on “Economic Growth and Sustainable Development: Emerging Trends” on November 24, 2018.  He delivered an insightful talk on ‘collective compliance with soft regulation? – creative paths to consensus’. Dr. Pinnington elucidated the corporate governance framework - G2O/OECD, principles of Corporate Governance (2015) and stated as to how it helps in promoting transparency and fair markets, efficient allocation of resources, to be consistent with law and effective supervision and implementation. Dr. Pinnington opined that it is essential to legitimize CSR governance to promote transparency and deliberation. He also designed the ways to achieve and sustain soft regulations.

Mr.R.C Jagadesh, Director - GCC, Klueber Lubrication India Pvt. Ltd

Mr. R.C Jagadesh, Director - Global Competence Centre -Cement Industry, Klueber lubrication India Private Limited was invited to an as distinguished speaker to the 4th International Conference on “Economic Growth and Sustainable Development: Emerging Trends” on November 24, 2018.   In his talk, Mr.Jagadesh emphasised that cultural sustainability is the key to organisational sustainability, and environmental sustainability is the key to sustainable development.  

Talk on General Insurance by Mr. Easwara Narayanan

Mr. Easwara Narayanan, former Chief Operating Officer at Future Generali India Insurance Company Ltd was one of the invited speakers of the 4th International Conference on “Economic Growth and Sustainable Development: Emerging Trends” on November 23, 2018. He delivered lecture on “General Insurance Industry-Megatrends Shaping the Future”.  He elucidated the main challenges the insurance industry is facing today and possible ways to tackle them.