EARLY TIMES REPORT
JAMMU, Oct 1: The 19th workshop of National Mission for Capacity Building of Bankers for Financing MSME sector (NAMCABS) organized by RBI concluded today. The workshop was inaugurated by Kamal P Patnaik, Regional Director, RBI, UTs of Jammu and Kashmir and Ladakh in which bank officials functioning in the UTs of J&K and Ladakh participated. In his inaugural address, Kamal P Patnaik highlighted the importance of MSME sector, their contribution in GDP, country's exports, providers of employment and the important role to be played by banks. He impressed upon the need of concerted efforts and commitment from banking community for development of the MSME sector. He appealed to the bank officials to enhance lending to MSMEs in the region and be more sensitive to the needs of the small entrepreneurs during these difficult times.
Sandeep Mittal, GM, RBI welcomed all the participants and reiterated the significance of conducting this workshop. The training sessions mainly focused on the functional aspects, including recent RBI and Government directions/ guidelines to banks relating to the MSME sector, schemes related to the MSME sector, credit appraisal and NPA management techniques, Loan documentation and recovery aspects of MSME loans, Trade Receivables and Discounting System (TReDS), movable financing, etc., as well as the soft aspects of lending such as entrepreneurial sensitivity, emotional intelligence, communication skills etc., which are required to handle the first-generation entrepreneurs as well as existing MSME borrowers. Experts from RBI, PNB, TransUnion CIBIL, A.TReDS Ltd, Clix Capital Services Pvt Ltd, and J&K bank conducted the sessions.
The programme was very well accepted and appreciated by all the participants. The participants were made aware of the role required to be played by them in making MSME sector more vibrant and successful. |
