India has set for itself an ambitious and transformative vision of becoming a developed nation by 2047—Viksit Bharat. Achieving this aspiration requires inclusive growth that reaches every household, especially those at the base of the pyramid. Microfinance, by serving low-income families and women borrowers, plays a central role in ensuring that the benefits of development extend to communities that are often excluded from mainstream finance. Without uplifting this significant section of the population, the broader national goal of Viksit Bharat cannot be fully realized.
Over the past two to three years, however, the microfinance sector has faced considerable stress. Borrower-level repayment challenges, rising concerns around overindebtedness, and the aftershocks of the pandemic tested the resilience of institutions and the trust of clients. Despite these pressures, the sector has shown remarkable adaptability, installing stronger guardrails, recommitting to responsible practices, and aligning itself with the evolving regulatory norms of the Government of India and the Reserve Bank of India.
There will be around 450 delegates in the summit with the following categories :
The Association of Micro Finance Institutions - West Bengal (AMFI - WB) is an institution which endeavors to promote and develop microfinance in the state of West Bengal. Founded as a self-regulatory organization, and registered as a Public Charitable Trust in 2010, AMFI-WB encompasses a community of microfinance organizations that operate in West Bengal.
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