The
Ministry of Development of North Eastern Region (MDoNER) in collaboration with
the North Eastern Development Finance Corporation Limited (NEDFi)
on 28th April 2023 organized “The North East
Bankers’ Conclave 2023” at the Constitution Club of India, New Delhi supported
by the State Bank of India and Confederation of Indian
Industry (CII) as Industry Partner.
The
conclave marked first of its kind leadership event, bringing together various
stake holders from the banking and finance sector, policy makers, and
regulators…
Inaugurating
the conclave, Shri G Kishan Reddy, Union Minister of
Development for the North Eastern Region (DoNER), said that the North Eastern
Region (NER) has unique challenges which require innovative practical
solutions. He further stated that, MSMEs are the backbone of the NE economy and
are rooted in the greater vision of Atmanirbhar Bharat. Banks
should prioritize support and promote Agri-Horti Sector, MSMEs, and Start-Ups
in the North East
The conclave
was also graced by Dr. Bhagwat KishanraoKarad, Minister of
State (Finance), and Shri B. L. Verma, Minister of State
(DoNER)besides senior bureaucrats from the Government of India, NE States,
various leaders from the banking and financial sector, regulators, industry
experts, policy-making organizations and other stake holders.
Shri G
Kishan Reddy further said that with massive development unfolding in the
region, peace, and stability have been ensured, and there is unprecedented
political focus on the region…. There is a need and opportunity for the
banking sector to promote industrialization, financial inclusion, and promoting
entrepreneurship across the emerging sectors by increasing credit
flow, he added.
The Conclave served as an opportune platform to bring together some of the distinguished stakeholders as panelists and participants from various commercial banks, development banks, startups, policymakers, think-tank organizations, micro-lending organizations, regulatory authorities, and entrepreneursto discuss, debate, and develop ideas on how the Banking Sector in the NER can catalyze accelerating development in the NER.