The MSME Business Forum hosted the 2022 MSME Banking Conclave and received an overwhelming response
The conclave highlighted the role of banking institutions in boosting MSME sectors
India MSME Business Forum, an ecosystem of subject matter experts that helps MSMEs make it easier to do business, celebrated the inauguration of its first edition of “MSME Banking Conclave” on July 8, 2022, Holiday Inn, Mayur Vihar, New Delhi. The event discussed the important role of banking institutions in growing MSMEs and understanding the right financial solution to boost business development.
The MSME Banking Conclave was a very successful event that attracted the interest and participation of financial policy influencers, distinguished personalities from various industry sectors and senior executives from companies and financial institutions to exchange ideas and share their views through speaker sessions and panel discussions.
A one-day conclave aimed at understanding the patterns and scope through the GOI vision, tackling critical banking challenges and learning the various innovative financial solutions suitable for business expansion goals and promising opportunities for MSMEs . Notable speakers at the event included Dr. Bhagwat Kishanrao Karad – Minister of State for Finance, Pradip Das – CMD, IREDA, Vijay Singh DGM -SME, SBI Bank, Kuldeep Chand – DGM, NABARD and Gaurav Kapoor, Head Capital , British High Commission .
Dr Sindhu Bhaskar, Co-Chair – MSME Business Forum India and Founder, EST Global Inc, Cambridge Innovation Centersaid: “Tight liquidity, availability of credit, poor management of finances are the main problems of MSMEs in India. MSME sector in India is considered as the backbone of the national economy and the life fuel of economic growth. Embracing technological progress, strategically investing in business alliance and partnership, understanding existing industry problems and interpreting the solution are the roadmap to strengthen the banking ecosystem” .
Shri Ravi Nandan Sinha, Development Manager, MSME Business Forum India, said: “The contribution of MSMEs cannot be ruled out and their empowerment leads to India becoming a global business leader. India, a developing country, is highly dependent on MSMEs for its sustainable economic growth. More of 7.9 MSMEs mark their contribution to poverty However, the sector suffers from low productivity, lack of efficiency and limited means, which leads to low competitiveness in the global sphere. To remain competitive in a Ever-changing business climate, MSME owners need to take more strategic initiatives to be updated with changing market dynamics and equipped with the latest technology”.
Rachana Chowdhary, CEO of MVW-MSME Development Center, said: “The proliferating MSME sector is very well known globally and has created many opportunities across all sectors. The right set of strategic moves to support SMEs is leading India to emerge as a global business leader Exploring different innovative financial solutions suited to business expansion goals and promising opportunities Attending industry conclaves, training programs, seminars and interacting with delegates leads to a state of inherited spirit and adopting an entrepreneurial approach to exploiting new opportunities”.
About the MSME Business Forum:
MSME Business Forum is a network hub of former business leaders, investors and industry experts who strive to improve the profitability of MSMEs and SMEs by ensuring the ease of doing business through business interventions. subject matter experts. At the MSME Business Forum, we do not just advise MSMEs to the owner company in carrying out tasks/assignments/projects through a one-stop-shop (acting as a one-stop solution). Support ranges from fundraising assistance to IT solutions, compliance, auditing, assessments, certifications, human resources and training, legal assistance, marketing, branding, exhibition support, JV/Tie-Ups/Export Promotions, tenders and virtual assistant, etc. recently, travel planning and health care assistance have also been added in the assistance systems.
About MVW-MSME Development Center:
