Secunderabad, September 28,
2013: Dun & Bradstreet India and State
Bank of Hyderabad organized a ‘Financial Literacy’ workshop focused
on the financial needs of MSMEs in Minerva
Grand Hotel, Secunderabad in
which BSE IPF was the exchange partner. The platform invited entrepreneurs, owner-managers, proprietors,
partners, Directors in micro and small enterprises, business division heads and
senior non-finance and finance executives in medium enterprises as
participants. The workshop was attended by over 40 MSMEs representatives across
the city.
The MSME Financial Literacy workshop
touched upon key MSME issues such as, policy and regulatory frameworks, schemes
and programmes of Central/State Govt. for promoting MSMEs, financing options
and modes, Banks/ FIs requirements, forms of organizational structure, benefits
of registration, etc. The one day workshop, also garnered various inputs from
the MSMEs including peculiar financing requirements & suggestions on
improving credit flow to MSMEs.
While
stressing on the importance of financing schemes for MSMEs, Ms. Preeta Misra, Director – Learning Solutions,
D&B India said,
“It is now well accepted that MSMEs are
stepping stones of entrepreneurship development, innovation and risk taking
behaviour and provide the foundation for long term growth, especially in developing
countries such as India. MSMEs provide employment to around 69 mn people,
through 26 mn units. Moreover, MSMEs account for around 45% of the country’s
manufacturing output. In recognition of this contribution, Dun & Bradstreet
Learning Solutions is pleased to be associated with the stalwarts of the
industry to serve the specific needs of the MSME community with innovative,
high quality, comprehensive training and education programs”.
Speaking at the workshop, Mr.Jyoti Ghosh CGM (CB and MCG) from State Bank
of Hyderabad said, a country
which fosters MSME growth encourages, to borrow a term, ‘inclusive growth’. The
MSME sector in India has provided huge manufacturing
and services output, employment and also exports. “State
Bank of Hyderabad is a pioneer in SME financing in India. The Bank has
developed a wide array of products and services in order to cater to the
evolving needs of the SME sector and has adopted Cluster approach as a strategy
to improve the credit flow to SME sector through industrial and artisan
clusters across the country.” SBH has already declared
2013-14 as the year of the MSME and has decided to strengthen the hands of all
MSME entrepreneurs to achieve their dreams and contribute to nation building.
The
interactive sessions were not only educative but also enabled a dialogue
amongst various participants that will eventually create a robust eco-system in
the rapidly evolving Indian MSME landscape.