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.