But first, let me start with the current global and domestic economic conditions through which we can leverage our way, as financial intermediaries to promote growth and development. 2. Mr. Chairman, we are holding this annual luncheon against the backdrop of continued global uncertainties characterised by financial and sovereign debt crisis in the euro area and weakened global growth prospects across major advanced economies.
Therefore, designing suitable financial products that cater to specific needs of the financially excluded population, and provide acilities like digital on-boarding, is vital in achieving the objective of financial inclusion. 21. The goal of universal Financial Inclusion can be achieved only through synergistic efforts between the mainstream financial entities and other players like MFIs, Fintech etc.