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27/06/2020 01:00pm

ADC, DCMSME urges MSMEs to make India 'Atmanirbhar'

image ADC, DCMSME urges MSMEs to make India 'Atmanirbhar'

New Delhi, Jun 27 (KNN) The Additional Development Commissioner (ADC), DCMSME, Piyush Srivastava has urged Micro, Small and Medium Enterprises (MSMEs) to make India 'Atamnirbhar' by producing goods that match international standards.

He said this while speaking at a webinar organised by SMBConnect on “MSME Growth and Funding Post COVID-19” on Thursday 25 to educate MSMEs about various funding opportunities made available by the Indian government and what needs to be done to spur growth in the post-pandemic world.

Emphasising on ‘Liberalised Working Capital Assessment (LWCA)’ Scheme, Hema Chopra, AGM, SIDBI said ‘LWCA will go a long way in helping MSMEs avail additional finance to cope with the current crisis. The terms of the scheme are very liberal and there is no requirement of collateral security.”

Meanwhile, O P Chaudhary, DGM, SBI spoke about the Common COVID-19 Emergency Credit Line and said, “Immediately after the imposition of country-wide lockdown, SBI launched Common COVID-19 Emergency Credit Line. The scheme allows beneficiaries to avail funding up to 10% of the total working capital limit to meet the emergency finance requirements.”

Later, Sanjeev Chawla, Director, DC MSME highlighted the role of CHAMPIONS platform in helping MSMEs in terms of finance, raw materials, labour, permissions etc.

Commenting on the webinar, Sandipan Ray, Founder and Director, SMBConnect said that SMBConnect, have been organising a series of multi-faceted webinars to help them tide over the crisis.

“MSMEs are facing the severe brunt of economic shock triggered by the coronavirus pandemic and as a platform dedicated to the growth and empowerment of MSMEs. This webinar aimed at helping MSMEs deal with liquidity issues and capture growth opportunities in the new normal”, he added.

The webinar commenced with a welcome note by Raj K Pathak, Chairman- WeStartup Association.

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