Excelsior Correspondent
SRINAGAR, Aug 20: Two-day workshop on National Mission for Capacity Building of Bankers for Financing MSME sector (NAMCABS-2.0) is being conducted by RBI Jammu at SKICC, Srinagar from today.
The workshop was inaugurated by A K Mattu, General Manager of RBI for Jammu & Kashmir. Around 22 bankers i.e. officers and branch managers from various banks functioning in the State participated in the workshop.
In his inaugural address, Mattu highlighted the importance of MSME sector, their contribution to GDP, country’s exports, employment generation and their substantial share to the manufacturing output. He impressed upon the need to make concerted efforts and sought dedication and commitment from banking community, for aiding the process of development of the MSME sector by ensuring adequacy of funds timely. He stated that as of now only very small percentage of the MSME entrepreneurs were sourcing their requirement of finance from organized channels and more than 90 percent of these entrepreneurs were still dependent on informal sources of high cost debt which was draining their precious meagre earnings and thus there was a huge potential of business opportunity for the banks.
Satish Sharma, AGM, RBI, in his welcome address, reiterated the significance of conducting this workshop, which was to enhance capacity and understanding of the bankers including the development of appropriate skills for handling the MSME entrepreneurs.
The workshop envisaged focus on the entrepreneurial sensitivity, soft skills required to handle the first generation entrepreneurs as well as existing MSME borrowers; timely and adequate funding to the MSME customers and prompt rehabilitation measures to revive viable MSME units, etc.
Experts from RBI, J&K Bank, RXIL (a platform for dealing in trade receivables discounting schemes i.e; TReDs), Quality Council of India, GOI, were being associated to handle various sessions relating to RBI/ Government initiatives and schemes on MSME lending, CGTMSE scheme, entrepreneurial sensitivity, credit appraisal techniques and risk mitigation in financing of MSMEs, credit monitoring system, management of NPAs, restructuring, revival and rehabilitation of MSME accounts, SME lending under Basel regime and technology platform for financing MSMEs etc.
The prominent speakers included Satish Sharma, Anil Reshi and Archit Shukla from RBI, Khursheed Ahmad Lone from J&K Bank, Sameer Parashar from QCI, Avdhesh Kumar from RXIL etc.
Follow our WhatsApp channel
