‘Moneylenders as the BCs would be the best choice’
Second panel discussion
FINANCIAL INCLUSION: WILL A GOOD MISSION MEET A GOOD MARKET.
There is a huge gap between the demand and supply in the financial inclusion model, and the way to fill this gap is imparting financial literacy to the people in the rural areas, AS Shekhawat, chairman, Kshetriya Gramin Bank, said.
“While there is no problem at the supply side, there is no demand for it at all. Those who want to avail of the services do not know what kinds of services are there and how to access them. This gap can be filled by providing financial literacy to the people,” he said.
Financial literacy, he added, could be provided through media or through schools. “Schools can have chapters on financial inclusion. It could be incorporated in the curriculum of the schools,” he said.
Talking about the bright future of microfinance, he said while at present it would seem like expenditure, in future it would be considered an investment.