Friday, November 03, 2006

Bankers’ Conference 2006

Being held at Hyderabad from 3rd to 4th of November, 2006, the theme of the conference is “Inclusive growth: A new challenge”.

What is financial inclusion? The provision of financial system, of financial products and services at an affordable price, to those who have been financially excluded.

The idea of inclusive growth is that no one should be constrained by the lottery of birth – by the region, country, family, race, caste, or sex into which one is born. Including all citizens in the process of growth is of paramount importance. When certain regions, sectors, or groups of people are bypassed by economic opportunities for long periods, the spread and sustainability of growth itself are threatened. Inclusiveness if therefore critical to help countries reach their full potential in a manner which can be sustained economically, socially and politically.