Activities Round Up

Date : 27 May to 27 May 2014
Place : New Delhi
Organised by : FISME

Reserve Bank-FISME Town Hall meeting with MSMEs in Naraina Industrial Area.

 
The Reserve Bank (Delhi region) with the support of FISME (Federation of Indian Micro and Small & Medium Enterprises) held its second round of Town Hall meeting with the Naraina Industrial Association on 27th May 2014, Tuesday. The meeting was chaired by the General Manager, Rural Planning and Credit Department, RBI, Sonali Sengupta.
The meeting was convened to reach out to micro, small and medium enterprises (MSMEs) so as to create awareness of banking facilities and the advantages of linking them with banking system.

The main objective of the meeting was to discuss the grievances and feedback that small entrepreneurs face with the public as well as private sector banks. Officials from various banks, entrepreneurs and representatives from MSME associations attended Delhi’s second edition of “Town Hall Meeting on Micro, Small and Medium Enterprises” meeting held in Naraina industrial area. Representatives of State Bank of India, Punjab and Sindh Bank, Canara Bank and Axis Bank from Naraina industrial area highlighted the initiatives taken by their banks for MSMEs.

While pointing out the high rates of interest demanded by the banks, the President of Naraina Industrial Association, Mr.Ramesh Chandran said “Our industry requires 5 M’s: man, material, machines, management and money.

The bank still observed that there are gaps between what is desired and the ground reality, despite various policy measures taken up by the RBI to boost the MSME sector 
The event also featured an interaction section giving opportunity to entrepreneurs highlighting the problems being faced by them on financing.