even when willing. it is not their willingness but the lack of ability to deliver which is coming in the way. the second myth is that the cost of achieving financial inclusion is too high. in reality, costs can easily be borne by banks. overall cost of financial inclusion will not be more than rs 3000 / 4000 crore per year. state and central governments can obviously provide a helping hand. thus, the basic problem is not the cost or willingness, but the absence of business model and ict based delivery model. what do the fips indicate? 13. in the end, i only wish to say that the above steps initiated for creating a framework of sustainable financial inclusion are conceptually very sound. however, the real test is in successful execution and implementation. just to give you a sense of the numbers being compiled from the fips submitted by the banks to understand the enormity of the task in next two and a half years. close to 2, 00, 000 bcs / csps ( customer service points ) to be deployed over 4, 000 rural brick and mortar branches to be opened in unbanked villages over 10 crore no frills accounts to be opened over 3 crore kccs and about 70 lakh gccs to be issued the banks will really have to gear up for implementation of these plans. the numbers look good and if we can successfully execute the plans india can present a role model to the world. conclusion 14. in conclusion, i would like to reiterate that the current policy objective of inclusive growth with stability is not possible without achieving universal financial inclusion. thus, financial inclusion is no longer a policy choice today but a policy compulsion. and as agents entrusted with the task of achieving financial inclusion, the role of the mainstream financial sector in achieving inclusive growth becomes central. i am sanguine that with the concerted efforts of all the stakeholders, our planned, sustained and structured financial inclusion efforts would bear fruits and we can take the country not only towards an even higher growth rate but a growth which is inclusive and all encompassing. i am quite sure the students and faculty of kiit will play a pioneering role in innovating and establishing an appropriate business delivery models through the involvement of all stakeholders to make financial inclusion a reality. this conclave will definitely throw up some innovative ideas in this direction. i am pleased to inaugurate this conclave and wish it all the success! thank you. references chakrabarty, dr k. c. (

concluding remarks in conclusion, uganda's macroeconomic framework guiding public policy under the policy support instrument ( psi ) framework for 2008 / 09 appear to be appropriate as it took into account the likely impact of the global financial crisis. the impact so far is not too big to warrant a major policy shift. while the global financial and economic crisis appears to be severing among industrial countries, the limited integration of the ugandan banking sector and overall economy into the global economy provides some safety net for the economy. prudent and flexible macroeconomic management together with smarter financial market regulation and risk - based banking supervision will enable uganda to maintain sound economic fundamentals and to adjust to the current harsh global environment. finally, there is need for an effective and focused communication strategy of “ hope ” on the part of the government that conveys the same message so as not to undermine the performance of the economy.