New Delhi, June 6 (KNN) Aiming to boost MSME business, YES Bank has recently launched MSME ‘Scale-up’ series, a unique Industry-Academia collaboration to up-skill MSMEs from Tier 1 and Tier 3 cities with MDI Gurgaon as its training partner and Spark Minda, a global entity in automotive components.

The initiative is aimed at boosting MSME businesses by educating them on latest manufacturing technologies, global best practices and innovative finance management.

In collaboration with the first Corporate Anchor ‘Spark Minda’, the maiden chapter of the Series kicked off in MDI Gurgaon.

The residential training program was attended by top 50 promoter-level MSME suppliers of Spark Minda, Ashok Minda Group on 31st May & 1st June, 2018.

The curriculum of the pilot workshop has been jointly designed by Management Development Institute (MDI), Spark Minda Supply Chain Heads and YES BANK’s MSME subject matter experts.

This is the first of the series of similar workshops planned in partnership with different Corporate Anchors across industries during the year.

YES Bank has been working closely with MSMEs across India to handhold them in scaling up operations to become globally competitive, under its flagship MSME initiative ‘Say YES to Sustainable MSMEs in India’.

Last year, the bank launched ‘YES GST program’ to help MSMEs understand the impact of changes and prepare them for migration to the new GST tax system.

Till date, the bank has conducted 112 awareness workshops, thereby impacting 9,500 MSMEs through the program. Besides this, the bank recently launched YES GST, an industry first GST backed over draft facility for MSMEs, for faster and hassle free access to working capital finance.