Bank has to play an important role in sanctioning credit facility to the interested youth for establishing MSME units said Sri N. Bhaskar Rao, Deputy Chairman of State Planning Board while inaugurating the workshop on “ Credit Facilitation Programme” today.
“The young entrepreneurs are very much enthusiastic in establishing MSME units. Banks cooperation is highly necessary to finance those prospecting entrepreneurs. In fact, the employment generation and to make youth self reliant is possible through promotion of MSME sector in the state. This is the foremost Challenge before the banks for extending cooperation in these aspects. Hence, banks should regularly review the financial condition, viability of MSMEs and provide credit facility in time by which they can grow, prosper & repay the loan in time,” he added.
MSME Secretary Sri Panchanan Dash expressed that the Departmental Officers should guide MSME units and young entrepreneurs stock piling their hindrances regularly. Selection of genuine entrepreneurs and interaction with them will be beneficial for the stake holders. So an entrepreneur friendly sentiment should be evolved among the bankers and departmental field officers. Capacity building of MSMEs should be a continuous process, said Sri Ramesh Dharmaji, CGM, SIDBI. He emphasized on credit facilitation system for MSMEs.
In the workshop under the Chairmanship of Sri N.Palai, Director of Industries, OSIC MD Sri B.B.Behera, SLBC Convenor Sri A.K.Samantray and General Manager of SIDBI Sri S.S. Acharya were also present. More than 200 participants attended the workshop.
In the Technical Session, B2B meeting was held, where 32 trade enquiries were made between MSMEs & bankers amounting to Rs.20 crores of business proposals.