The Bank of International Settlements, the European Central Bank; the Group of 20; the New York Federal Reserve and the Bank of England have all identified culture as an important issue.” We will continue to develop our approach in this area, building on the work of the last few years, as well as continuing to learn from international best practice.
To combat poverty in rural sector, financial innovation needs to be targeted towards the productivity of the agriculture sector specifically to the productivity of “small farmers”, improvement in farmer’s education, and better availability of fertilizers, and agriculture equipments. Financial services outreach in the rural sector can play the most indispensable role in this regard. Ladies and Gentlemen!