Union Minister Unveils 'UCO Empower' to Drive MSME Growth

Bhubaneswar, Jan 22 (KNN) Union Education Minister Dharmendra Pradhan inaugurated 'UCO Empower,' an initiative for India's Micro, Small, and Medium Enterprises (MSME) sector to promote entrepreneurship in the sector.

In collaboration with Poornatha, this endeavour by United Commercial Bank (UCO Bank) seeks to stimulate MSME sector growth through the provision of substantial mentorship support and the promotion of entrepreneurship.

'UCO Empower' is anticipated to provide MSME entrepreneurs with essential tools and guidance, thereby making a substantial contribution to the nation's economic objectives.

Ashwani Kumar, the Managing Director and CEO of UCO Bank, underscored the significance of empowering the MSME sector. He highlighted the imperative of empowering the MSME sector and asserted that 'UCO Empower' is specifically designed to focus on enhancing its potential.

Poornatha, represented by its co-founder Suresh during the launch, expressed the company's commitment to playing a significant role in this endeavour.

Leveraging Poornatha's expertise in entrepreneurship education, the initiative aims to provide MSME entrepreneurs with a knowledge framework essential for their growth.

Beyond empowering individual entrepreneurs, this initiative is about propelling India toward its ambitious USD 5-trillion economy goal.

As the nation navigates the complexities of economic growth, initiatives like 'UCO Empower' are expected to play a pivotal role in steering the course.

The launch event, held in Dhenkanal on Saturday, marks a pivotal step toward fortifying the MSME sector—a linchpin in the country's ambition to reach a USD 5-trillion economy.

(KNN Bureau)