Sebi Chairman U K Sinha today asked various stakeholders to formulate a mechanism to extend monetary help to the poor.
"Though money is essential for economical growth, a specific policy is also necessary to avail the monetary help for poor. It's a challenge for the finance sector and the deliberations must be made for that," Sinha said addressing a seminar on 'Financing for Economic Growth'.
The seminar was a precursor to forthcoming 'Vibrant Gujarat Investors' Global Summit-2015, to be held between January 11-13 next year.
In her speech while inaugurating the seminar, state Chief Minister Anandi Patel claimed that the series of such summits has transformed itself from an investment promotion event to a knowledge-sharing platform.
Apart from Sinha and Patel, several dignitaries, including state Finance Minister Saurabh Patel, Regional Director of the Reserve Bank of India, Urjit Patel and other experts from finance sector attended.
"Gujarat has become the growth engine of India, as its share in India's exports stands at 24 per cent, in manufacturing sector 17 per cent and in primary sector output 11 per cent," an official release said.
"Gujarat has managed to leverage private finance to multiply investment in state by using the Public Private Partnership (PPP) mode effectively," it said.
