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Telangana IT minister launches Indian Bank's MSME Prerana

Updated: Jul 07, 2021 07:12:44am

Telangana IT minister launches Indian Bank's MSME Prerana

Hyderabad, Jul 7 (KNN) Telangana IT and Industries Minister KT Rama Rao has launched Indian Bank's flagship 'Business Mentoring Programme’ MSME Prerana, in the state.

The program has been designed in collaboration with Poornatha and Co. to empower entrepreneurs in driving business more efficiently by optimizing value and capacity.

Launching the programme, on Tuesday, the Minister said, “On behalf of the Telangana State Finance Corporation (TSFC), we would like to collaborate with Indian Bank and work together to develop innovative mechanisms to help MSMEs…we invite Indian Bank to collaborate with us on WE-Hub and T-Hub initiative as well.”

“We are elated to expand the footprint of our flagship programme MSME Prerana to our customers in Telangana,'' said Padmaja Chunduru, MD & CEO, Indian Bank.

Indian Bank has provided financial support to its 20 lakhs MSMEs with credit exposure of over Rs 70,180 crore. While Indian Bank is the 7th largest Public Sector Bank in the country, in the MSME segment Indian Bank is the second largest in terms of percentage growth (15 per cent).

A series of ten virtual programs were successfully conducted in the state of Uttar Pradesh, Tamil Nadu, Pondicherry and parts of Uttarakhand. 'MSME Prerana' is spreading its outreach to Andhra Pradesh and Gujarat during the month of July 2021 and will be conducted in all major languages pan India in a phased manner.


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