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VFS opening new training centres

Kolkata, Jul 11 (UNI) Village Financial Services (VFS) is opening training centres in Kolkata, Siliguri and Tripura.
Indian micro-finance industry has witnessed extraordinarily high annual growth of about 45 per cent in the last few years, characterized by low defaults, low average operating cost ratios, high flow of funds from the commercial banking system, investment by private equity funds.
Still there are challenges faced by the sector.
The single biggest challenge for microfinance lies in the area of training and capacity development. On the supply side, lack of service providers and comprehensive, integrated and relevant training modules continue to pose difficulties. On the demand side, adequate training for senior management is missing.
To address this issue and challenge VFS has been consistent in its approach and methodology for training and capacity building of its human resource across hierarchy.
In this regard it has put in place training centres at Kolkata and Siliguri and one is in the pipeline in the state of Tripura.
" Plus from this facility we will be providing capacity building, training and skill development support to our customers as well," Dr Kuldip Maity, MD & CEO, VFS, said.
“The strategy adopted would definitely address the issue of capacity building, both at customers level well as at the level of internal resource. This would make the human resource tuned to serve its clientele more professionally and objectively and the customers would also able to utilize the credit in a more meaningful manner," he stated.
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