<p>Vijaya Bank deputy general manager Baptist Lobo noted that digital and financial literacy are key for economic development.</p>.<p class="bodytext">Speaking at 'Navodyami Sammelana' convention of micro-entrepreneurs at Deshpande Foundation here on Monday, he stated that financial literacy is less in India, compared to China.</p>.<p class="bodytext">Banking and accounting knowledge is very important for entrepreneurs to succeed, but 76% of our population is unaware of that. India can become a super power if financial and digital literacy rate increases fast, he said.</p>.<p class="bodytext">Micro entrepreneurs and self-help groups are promptly repaying the loan, and they need better encouragement, Lobo added, stressing the need for better women empowerment for better rural development.</p>.<p class="bodytext">Deshpande Foundation founder Gurural Deshpande gave tips to entrepreneurs, asking them to master the art of problem solving.</p>.<p class="bodytext">Andhra Bank zonal manager G S Jayaprakash, UNDP state project officer Jeya Chandran, Deshpande Foundation CEO Vivek Pawar, and Philip Mathew also spoke.</p>.<p class="bodytext">Successful micro-entrepreneurs shared their experience, while an exhibition of their products was also held.</p>
<p>Vijaya Bank deputy general manager Baptist Lobo noted that digital and financial literacy are key for economic development.</p>.<p class="bodytext">Speaking at 'Navodyami Sammelana' convention of micro-entrepreneurs at Deshpande Foundation here on Monday, he stated that financial literacy is less in India, compared to China.</p>.<p class="bodytext">Banking and accounting knowledge is very important for entrepreneurs to succeed, but 76% of our population is unaware of that. India can become a super power if financial and digital literacy rate increases fast, he said.</p>.<p class="bodytext">Micro entrepreneurs and self-help groups are promptly repaying the loan, and they need better encouragement, Lobo added, stressing the need for better women empowerment for better rural development.</p>.<p class="bodytext">Deshpande Foundation founder Gurural Deshpande gave tips to entrepreneurs, asking them to master the art of problem solving.</p>.<p class="bodytext">Andhra Bank zonal manager G S Jayaprakash, UNDP state project officer Jeya Chandran, Deshpande Foundation CEO Vivek Pawar, and Philip Mathew also spoke.</p>.<p class="bodytext">Successful micro-entrepreneurs shared their experience, while an exhibition of their products was also held.</p>
