‘Moneylenders as the BCs would be the best choice’
Second panel discussion
FINANCIAL INCLUSION: WILL A GOOD MISSION MEET A GOOD MARKET.
For the success of financial inclusion, it is necessary that it is taken very seriously,” said Irfan Alam, founder, Sammaan Foundation. There is a need to look at it from a strategist’s point of view, he said. Citing the example of automated teller machines (ATM), he said when it was launched, people were sceptical that the machine would not work. However, today one cannot do without it. Similarly financial inclusion or microfinance, which is looked at sceptically would find its market soon. “It has to be seriously looked at as a market,” he said. “Till now it has only been seen as a mission or rather a mandate. And the moment it is seen as a market, things are going to change.”