Want us to contact you?

Celebrating Gandhi's Principles: No Growth without Equality

Posted On Monday, Oct 01, 2018

Mahatma Gandhi had a dream for India. He had a vision for this great nation for which he relentlessly worked when alive. 2nd October 2019 marks his 150th birth anniversary. As we step into the year of his 150th birth anniversary, it is our responsibility as a nation to realise his vision by taking stock of where we are at and setting in motion the actions that are required to achieve the shared goals.

"I dreamed a dream"
To quote Gandhi, "Inequalities in intelligence and even opportunity will last till the end of time. A man living on the banks of a river has any day more opportunity of growing crops than one living in an arid desert. But if inequalities stare us in the face, the essential equality too is not to be missed." He often said that any exercise in economic planning on a national scale would be futile without uplifting the most vulnerable sections of the society in a direct manner. He championed the cause of economic equality and it was his constant endeavour to bring all citizens of the country to a level playing field. Financial inclusion can go a long way in driving the growth and sustainability of an economy and attaining the economic equality that Gandhi dreamed of.

Financial Inclusion forms the fulcrum of Economic Equality
Financial inclusion also called inclusive financing, is the pursuit of making financial services and financing options available to all sections of the society in an efficient and cost effective manner. What this essentially means is that every citizen of the country, irrespective of his net worth or social status has equal opportunity to access finance and financial services.

The financial sector is really the life-blood of an economy. It facilitates savings and investments, promotes credit creation and capital accumulation, thereby raising the level of investment and economic activity in the country. Financial inclusion strives to address and proffer solutions to the constraints that exclude people from participating in the financial sector. It is estimated that around 2 billion adults across the globe have no access to formal financial services. More than half of them live in Asia. Access to finance is a major constraint to doing business, especially at small- and medium-sized enterprises (SMEs). It is widely believed that financial inclusion has a positive impact on the economy and can help alleviate poverty and inequality.

What does a financially inclusive society look like?
In such a society, every member would not only be aware of the various financial services that are available but would also be in a position to avail these services. Essentially, each and every individual in the society would have the opportunity to access finance and give legs to their dreams. Financial inclusion offers a platform for both low and high income earners to be integrated into the financial system for inclusive growth. Every individual is equal not only in terms of access to finance but also in terms of having the ability to uplift his economic status and migrate to a space of financial security.

Converting Dreams to Reality
The onus of promoting and encouraging financial inclusion and bringing about equality lies with the industry. Economic agents in the industry need to commit themselves to making their services available to all strata of society by leveraging technology and focusing on financial education. As a financial institution operating in the current landscape, we need to reflect upon the role that we are playing in bringing about this equality and ensure that we continue to stay committed to the goal of economic equality through financial inclusion.

Disclaimer, Statutory Details & Risk Factors:

The views expressed here in this article are for general information and reading purpose only and do not constitute any guidelines and recommendations on any course of action to be followed by the reader. The views are not meant to serve as a professional guide / investment advice / intended to be an offer or solicitation for the purchase or sale of any financial product or instrument or mutual fund units for the reader. The article has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. Whilst no action has been solicited based upon the information provided herein, due care has been taken to ensure that the facts are accurate and views given are fair and reasonable as on date. Readers of this article should rely on information/data arising out of their own investigations and advised to seek independent professional advice and arrive at an informed decision before making any investments.

Mutual fund investments are subject to market risks read all scheme related documents carefully.

Please visit – to read scheme specific risk factors. Investors in the Scheme(s) are not being offered a guaranteed or assured rate of return and there can be no assurance that the schemes objective will be achieved and the NAV of the scheme(s) may go up and down depending upon the factors and forces affecting securities market. Investment in mutual fund units involves investment risk such as trading volumes, settlement risk, liquidity risk, default risk including possible loss of capital. Past performance of the sponsor / AMC / Mutual Fund does not indicate the future performance of the Scheme(s). Statutory Details: Quantum Mutual Fund (the Fund) has been constituted as a Trust under the Indian Trusts Act, 1882. Sponsor: Quantum Advisors Private Limited. (liability of Sponsor limited to Rs. 1,00,000/-) Trustee: Quantum Trustee Company Private Limited. Investment Manager: Quantum Asset Management Company Private Limited. The Sponsor, Trustee and Investment Manager are incorporated under the Companies Act, 1956.

Update your knowledge on investments with Quantum Direct...
Read about the Quantum point of view on everything that happens
in the world of finance...

Sign Up NOW!
  • Name

  • Email ID

  • Phone

  • Sign Up For

* I agree to receive various communications (for products or otherwise), updates, alerts, notifications, information, including that on products of Quantum Asset Management Company Pvt Ltd (QAMC), and/or of associates/affiliates/partners of QAMC, which may be sent to me from time to time [even though my Mobile No. may be registered under the National Do Not Call Registry (NDNC)] Please read our complete Privacy Policy.
Contact Us
  • Toll Free: 1800 209 3863 /1800 22 3863

    For International Users: +91-022-2278 3863+91-022-6829 3863

    Fax: 1800 - 22 - 3864


    SMSSMS <QUANTUM> to 9243223863

    Missed CallGive us a Missed Call on 022 6829 3807

© 2019 Quantum Asset Management Company Private Limited

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.