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Over 40 MSMEs participated in a series of workshops focussed on the financial needs of the MSME sector organised in Thrissur.
The workshop was organised by Dun & Bradstreet India and State Bank of India in association with SIDBI, GIZ and BSE IPF on Financial Literacy and Education.
The workshop touched upon key MSME issues such as, policy and regulatory frameworks, schemes and programmes of both centre and state governments for promoting MSMEs, financing options and modes, accessing bank credit, financial analysis and interpretations, cash/ fund flow management and credit rating and information.
According to Preeta Misra, leader – learning solutions, D&B India, MSMEs are stepping stones of entrepreneurship development, innovation and risk taking behaviour. It provides the foundation for long term growth, especially in developing countries such as India.
MSMEs provide employment to around 69 million people, through 26 million units. In recognition of its contribution, Dun & Bradstreet Learning is associating with the industry to serve the specific needs of the MSME community with innovative, high quality, comprehensive training and education programmes.
A spokesperson from SBI said that 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.
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