Ludhiana, Dec 19 (KNN) The Reserve Bank of India (RBI) has conducted a workshop on National Mission for Capacity Building of Bankers (NAMCABS) phase II in the city for financing the Micro, Small and Medium Enterprises (MSME) sector and its successful implementation.

Speaking on the occasion, J K Pandey, Regional Director (Punjab, Haryana and UT of Chandigarh), RBI, who was also the chief guest said, ‘’this was the eighteenth workshop being organised in Ludhiana, in which four districts of Ludhiana, Barnala, Rupnagar and SBS Nagar were covered, apart 17 NAMCABS workshops which was organized across Punjab, Haryana and UT of Chandigarh.’’ 

He urged the banks to provide financial facilities to the MSME sector on priority basis.

''The global financial slowdown of 2008-09, countries like Germany were able to sustain themselves, simply because they had gone overboard in providing financial facilities to the MSME sector of their country,'' he added.

Sixty officers from 16 banks attended this workshop.

Various aspects of MSME financing like important government, RBI and SIDBI initiatives, issues and challenges in access to finance for MSMEs, movable asset-based financing and role of CERSAI, understanding entrepreneurial needs in MSME financing, assessment of credit requirements of MSMEs, credit management & monitoring were discussed in the programme.

Apart from these, the other Alternative tech driven approaches to financing MSMEs like TReDS, P2P lending, Fintech, etc. interaction with industry associations, zero defect & zero effect (ZED) and credit guarantee architecture for MSME financing, etc. were also discussed.

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