Bankers' conclave on March 9, 10
A Fapcci-HMTV initiative to improve financial health of small enterprises In an effort to educate the micro, small and medium entrepreneurs (MSMEs) ...
A Fapcci-HMTV initiative to improve financial health of small enterprises In an effort to educate the micro, small and medium entrepreneurs (MSMEs) on various processes for obtaining bank loans, the state's premier trade and industry body, the Federation of Andhra Pradesh Chambers of Commerce (FAPCCI) in collaboration with the HMTV is organizing a two-day 'bankers conclave' on March 9-10. Speaking to presspersons, FAPCCI president Devendra Surana said, "We want to narrow down the gap between the bankers and MSMEs through these conclaves". These kinds of interactive sessions will be organised on continuous basis in future, he added. There are about 3,500 small and medium enterprises registered as members of FAPCCI, out of which, over 1,000 MSME entrepreneurs are active. The MSMEs can now utilise the opportunity by attending the conclave, where a 'mega loan mela' is also being organised with over 10 PSU banks are participating, apart from private banks. Under the loan mela, "up to `1 crore loan will be offer without collateral for MSMEs", as per the central government scheme, by various banks including SBI, SBH, Andhra Bank, Bank of India, SIDBI, etc. "We are looking to this programme as an annual event," says MV Rajeshwara Rao, Secretary General, FAPCCI. While explaining the major hurdles being faced by MSMEs in obtaining, Surana pointed out that the lower level bank staffs are more rigid and always try to avoid risk of entertaining a small entrepreneur. "We want the senior bank officers to involve in identifying the prospective entrepreneurs and extend hand-holding experience to them in transforming SMEs into viable projects," he said. The two lead banks � State Bank of Hyderabad and Andhra Bank � have largest branch presence in the state. According to SBH CGM Suresh Babu, the MSMEs loans constitute about 65 per cent of total sector business of the bank. While Andhra Bank General Manager KV Kannan said the bank was giving maximum importance to MSME sector. "The bank has set up 21 special MSE branches and 5 branches are operating in city," he added.
Interested in blogging for thehansindia.com? We will be happy to have you on board as a blogger.