Kolkata, 7 August 2024: Association of Microfinance Institutions – West Bengal (AMFI-WB), a State Level Federation of Microfinance Institutions in West Bengal, organized the State Lenders’ Meet for Microfinance Industry in Kolkata on Wednesday.

 

The Bankers Meet was a great forum to discuss partnerships, tie-up and discuss on the opportunities that have opened-up through newer regulations, digital technology, newer models of funding for financial inclusion. Besides highlighting the services of the Microfinance and Banking sector, the conference also created awareness about the industry and its stakeholders through discussions at the Lenders’ meet.

 

Mr. Jiji Mammen, ED, Sa-Dhan, Ms. Usha Ramesh, CGM, NABARD along with representatives and members of AMFI-WB were present at the conference. The GM and DGM of SIDBI also were present in the Meet. The Chairman, MFIN and Chairperson, AMFI-WB also will join the session.

 

The participant Banks for the Lenders’ Meet included: IDBI Bank, Indian Overseas Bank, DCB Bank, SBM Bank, Central Bank of India, Bank of India, Bank of Maharashtra, Canara Bank, Union Bank of India, Punjab & Sind Bank, City Union Bank, AU Small Finance Bank, Bank of Baroda, UCO Bank, Union Bank of India, State Bank of India, Bangiya Gramin Vikash Bank, Bandhan Bank, Ujjivan Small Finance Bank, among others.

 

Microfinance Sector has always been at the forefront of promoting inclusive growth through microfinance focusing on the underserved, mainly women, ensuring positive change in their economic status as also improving their quality of life through income enhancement and other socially relevant interventions. Thereby, the sector has an important role in supporting and building the unorganized sector, creating employment opportunities and contributing significantly to the nation’s GDP.

 

Since the focus is majorly on funding women, it also plays an important role in women empowerment. Microfinance also champions gender equality by providing women with access to financial services. As a catalyst for change, microfinance intertwines financial empowerment with social empowerment, paving the way towards a more inclusive and sustainable future.

 

Microfinance sector has been playing a significant role since pandemic in supporting the base of the pyramid to bring back normalization. This has been through restructuring of loans, relief on interest and principle. The sector continued to provide funding support to rehabilitate their business and bring them back to normalization.

 

The sector has also displayed its strong resilience and continued to honour payment commitments to all its stakeholders, despite serious headwinds post pandemic. The Government and Regulators, during and post-pandemic, created an enabling environment through various positive policy interventions that includes RBI’s revised regulatory framework, Government Guaranteed funding, interest subvention making the sector stronger.

 

With the present collections and portfolio quality reaching normal levels, the sector is now focusing on responsible growth. The sector’s demand for funding too increasing as the clients served are looking for business growth and thereby further microcredit. With RBI allowing newer avenues/models of funding, besides the existing BC partnership model, the Co-Lending model, newer opportunities for Bank/Microfinance entities have opened-up. This is besides the Lending, securitization and all other existing funding models.

 

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. It was formed to deliver better services to the poor, thereby helping these populations improve their standards of living. The mission of AMFI-WB is to build a fair and congenial environment for community development financing in West Bengal helping members to serve their target clients, particularly women from financially underserved families in pursuit of sustainable livelihood, both in rural and urban area. AMFI – WB currently caters to around 79 lakh poor women by providing them with financial services, especially micro credit. With a membership of over 48 Micro Finance Institutions, Banks, Fintechs, Insurances, Health Service Providers, and Software Companies etc., approximately 33000 employees hail from lower economic background. AMFI-WB regularly conducts stakeholder meets at the district level, management development programs for its members, microfinance industry-related seminars & workshops, and member meetings on matters of mutual interest.

 

5.7 C
New York

NRAI Premier League 3.0 Grand Finale Celebrates the Spirit of F&B and Sportsmanship

Published:

Kolkata 8th February 2025: The National Restaurant Association of India (NRAI) Kolkata Chapter proudly wrapped up its flagship cricket tournament, NPL 3.0 – NRAI Premier League, presented by Doctor’s Choice and powered by Shyam Steel. Over the past two weeks, the Orchid Arena in Topsia buzzed with excitement as the vibrant Food & Beverage (F&B) community came together for an unforgettable blend of sportsmanship, entertainment, and camaraderie.

This year’s edition of NPL witnessed a special highlight, as former Indian cricketer Ashok Dinda presided as Chief Guest for the hugely popular event, inspiring attendees with his presence and words of encouragement. His participation added to the thrill of the tournament, as he interacted with players and spectators, sharing his cricketing insights and experiences.

In wanting to build camaraderie and team spirit, a Staff Tournament was organised where restaurant owners played shoulder to shoulder with members of their own staff in the same team. The event experienced an overwhelming response, with over 400 attendees, including restaurateurs, food and beverage professionals, and cricket enthusiasts. With exciting matches, engaging activities, and a lively atmosphere, NPL 3.0 successfully brought the F&B community together, fostering stronger connections and celebrating the industry’s vibrant spirit.

Winners and Highlights:

Owners League Champions: Team OG Steelbacks emerged victorious after a thrilling finale, showcasing their unwavering determination and competitive spirit.
Staff League Champions: Team Wow! Momo took home the trophy, proving the incredible talent and passion among F&B teams.

Special awards were also given to outstanding performers, including:
Player of the Tournament (Owners League): Moosa Ahmed Khan, OG Steelbacks.
Player of the Tournament (Staff League): Bappa Moira, Wow! Momo.
Best Bowler: Himanshu Rohra, Scrapyard Super Kings.
Best Batsman: Shreyas Jhunjhunwala, LMNO_Q Vikings.

Owners League Highest Run Scorer of the tournament was Vedant Mimani of Ozorians and Staff League Highest Run Scorer was Arun Bhaduri of LMNO_Q Vikings.

NPL 3.0 went beyond cricket to provide a memorable experience for all attendees, including live entertainment and engaging activities that kept the audience captivated throughout. Culinary delights from popular brands such as Wow Momo!, Wow! Chicken, Prime Residency, Chai Break, OG by The Lake, Olterra, The Roll Factory, Gupta Brothers, Wah Puchka Wah Litti, and KREAMZ enhanced the event. Restaurateurs and industry professionals made the most of networking opportunities, strengthening bonds within the F&B fraternity.

Speaking on NPL 3.0 – NRAI Premier League, Mr. Sagar Daryani, NRAI President, said: “NPL 3.0 demonstrated the vibrant energy and camaraderie that define the food and beverage industry. It’s incredible to see restaurateurs and professionals come together not only to compete in cricket but also to celebrate our common interests and strengthen our community bonds. This event serves as a reminder that the spirit of collaboration and togetherness is central to what drives our industry forward.”

Adding his thoughts, Mr. Abhimanyu Maheshwari, NRAI Kolkata Chapter Head, said: “NPL 3.0 has been more than just a tournament; it has brought the F&B community together while highlighting everyone’s passion and resilience. These types of events not only strengthen industry relationships but also provide a platform for meaningful collaboration and development. We are proud to have hosted such a successful event and look forward to even more participation in the future.”

NPL 3.0’s success was made possible by the invaluable contributions of our esteemed partners, which included Doctor’s Choice as Presenting Sponsor, Shyam Steel as Powered By Partner, Opus as Associate Partner, 91.9 Friends FM as Radio Partner, BIRA as Official Partner, Projecsia as advertising partner and Bhajanlal as Technology Partners.

This event was more than just a cricket tournament; it displayed the unity, energy, and passion that define the F&B community while also celebrating the industry’s resilience and camaraderie. The NRAI Kolkata Chapter expresses heartfelt gratitude to all participants, attendees, and supporters who contributed to its success.

With such a positive response to NPL 3.0, the countdown to an even more exciting NPL 4.0 has already begun!

About NRAI: National Restaurant Association of India is the voice of the Indian Restaurant Industry. Founded in 1982, by L.C. Nirula of Nirula’s, Madan Lamba of Volga, O.P. Bahl of Khyber Restaurant, R.D. Gora of Gazebo, A.S. Kamat of Kamat Restaurants & other leading restaurateurs, it represents the interests of 500000+ Restaurants, an industry valued at INR 5.69 lakh crores. Being the leading association of the Indian Restaurant Industry, NRAI aspires to promote and strengthen the Indian Food Service Sector. The Association in its 42nd year has a pan India presence and is governed by a committee of members and led by a President and Office Bearers. The committee consists of over 30 Restaurant CEOs / Owners representing various national and international brands from the F&B sector. The association works closely with a network of State and City Chapters across the country.

Related articles

Recent articles