Financial inclusion is aligned with Sustainable Development Goals (SDGs) for the betterment of the downtrodden people in the banked scenario, experts opined.
Speakers at a webinar meeting on Saturday said Father of the Nation Bangabandhu Sheikh Mujibur Rahman floated the idea of financial inclusion after the Liberation War.
Speakers also gave guideline on how to include more people in the financial inclusion process in Bangladesh to decrease inequality and alternative ways of macroeconomic scenarios through creating microeconomic foundations, said a press release.
Need for rising more financial literacy was discussed by the experts. Bangladesh is on the right track to develop the country for financial inclusion through digitalization, access to credit and green banking in different ways as comments by the speakers.
Webinar on ' Financial Inclusion in Bangladesh with different dimensions' and felicitation was given to the 2nd batch of Bachelor of Entrepreneurial Economics by the Entrepreneurial Economists club of the Dhaka School of Economics on Saturday (April 9).
Anis AKhan, Former Managing Director, Mutual Trust Bank Limited, was the chief guest and keynote presenter while Md Mostafizur Rahman Sarder, Executive Director(PRL), Bangladesh Bank, and Dr Yashoda Krishna Durge, GNVS Institute of Management, India were the special guests. Macro and financial economist, IT and entreprenruial expert Prof Dr Muhammad Mahboob Ali was the session chair.
Mostafizur Rahman Sarder in his speech praised the role of Bangladesh Bank for taking different steps for financial inclusion in the country which is helpful for economic progress.
Dr Yashoda Krishna Durge described individual perceptions in initial public offering in India.She said that investors look the profile of the promoters and sector performanceand lower income group depends on electronic media while upper income group depends on financial experts and financial inclusion gives financial security to the people. Anis A Khan said that financial inclusion helps women empowerment. The agricultural sector has also been developed in true sense and freedom from poverty and proper nutrition has been done recently.
Khan also said that green banking and entrepreneurship also gradually played a vital role in the economy.
Prof Muhammad Mahboob Ali as session chair said that access to the credit has been gradually done through financial inclusion.ProfAli said that the unbanked people need to be aware of gradual financial inclusion with accessibility. “There must bebalance between agent banking deposit and investment so that equity consideration can be felt and growth with equity of the current government can be felt,” he added.
Entrepreneurial Economists club's moderator and Assistant Professor of the Dhaka School of Economics Rehana Parvin was given felicitation to the 2nd batch of Bachelor of Entrepreneurial Economics. Sara Tasneem, Assistant Professor of Dhaka School of Economics, also acted as designated discussants.
