ENA State 2024-08-02 14:24:28 <p><span style="font-size:14px"><strong>Kohima, Aug 2 (KNN)</strong> The Small Industries Development Bank of India (SIDBI) and the Business Association of Nagaland (BAN) jointly organised a credit outreach program on August 1 at The Magnus Hotel in Mokokchung.</span></p> <p><span style="font-size:14px">The initiative aimed to promote financial inclusion and support the growth of Micro, Small, and Medium Enterprises (MSMEs) in the state.</span></p> <p><span style="font-size:14px">The event, which attracted over 30 youth and MSME representatives, featured presentations by key SIDBI officials. Bhanu Prakash Verma, General Manager of SIDBI Guwahati, delivered the welcome address.</span></p> <p><span style="font-size:14px">Suresh Kumar Rai, Assistant General Manager from Dimapur, provided an overview of SIDBI's credit facilities and addressed MSME credit needs, best practices, and credit worthiness.</span></p> <p><span style="font-size:14px">Participants engaged in an interactive session with SIDBI officials, gaining insights into available credit options and guidance on navigating the financial landscape.</span></p> <p><span style="font-size:14px">The program highlighted SIDBI's range of credit facilities for MSMEs and emphasised the importance of best practices in enhancing credit worthiness.</span></p> <p><span style="font-size:14px">The event underscored SIDBI's commitment to fostering financial inclusion in Nagaland. Sources indicate that future initiatives to support MSMEs in the region are being planned.</span></p> <p><span style="font-size:14px">This credit outreach program represents a significant step in addressing the financial needs of Nagaland's MSME sector, which plays a crucial role in the state's economic development.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 38837 https://knnindia.co.in/news/newsdetails/state/sidbi-business-association-of-nagaland-host-credit-outreach-program-for-msmes 2024-08-02 14:24:28 knnindia.co.in