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Financial institutions need to be more people-centric for next 25 years: FM Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Thursday exhorted financial institutions like Sidbi to be more people-centric in the next 25 years so that the economy moves to a higher growth path. The government has termed the next 25 years leading to the 100th anniversary of India's independence as 'Amrit Kaal'.

"So for the next 25 years, we (financial institutions) have to be a lot more people-centric. Try to see what they want...

"It will attract people belonging to that (backward) region to be drawn back and if we can give them a perspective, which is good enough, I think we will be addressing a major problem related to human resource and also awaken those capacities which are lying dormant in the regions," she said while addressing the 3rd National Microfinance Congress here.

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