Microfinancing immediate solution to poverty: conference

ISLAMABAD: Microfinancing was the only immediate solution to miseries of 40 percent of the population living below poverty line, said participants of a conference titled ‘First Micro-insurance Conference’ on Wednesday.

The Asian Development Bank, Department of International Development-UK, (DFID-UK), Rural Support Programme Network (RSPN), Pakistan Micro Finance Network (PMN) and Adamjee Insurance jointly organised the conference jointly.

Indian Institute of Financial Management and Research Executive Director Rupalee Ruchismita presented models on micro health insurance. She said micro insurance regulations, incentives for insurers, insurance literacy and trained professionals were essential to promote micro insurance.

National Institute of Banking and Finance Insurance Managing Director (MD) Kazi Abdul Muktadir made a presentation on the history of micro insurance in the country. He said agriculture insurance was required to benefit more then 65 percent of the population living in the rural areas.  more