RBI holds virtual meet for MSME entrepreneurs

Tribune News Service

Jalandhar, January 16

The Financial Inclusion and Development Department, Reserve Bank of India (RBI), Chandigarh, organised a virtual meeting for MSME entrepreneurs here today.

The meeting was chaired by the Regional Director (Punjab, Haryana & UT Chandigarh), Reserve Bank of India, JK Pandey.

As many as 40 participants consist of representatives of various industry associations/ trade bodies, entrepreneurs from different industries in Jalandhar such as sports goods, leather goods, hardware manufacturing, forging tools, machine tools, auto parts, and valve items and officials of various banks active in the region attended the meeting.

In his address, Regional Director, RBI, Chandigarh JK Pandey emphasised that the purpose of the town hall meeting was to create awareness about the bank schemes for lending to MSME customers and to resolve the issues between bankers and entrepreneurs by bringing them together on a common platform. He urged the banking fraternity to have an empathetic approach in dealing with the MSME borrowers and provide timely and adequate finance to these units.

He advised the bankers to disseminate information regarding various MSME loan products to the entrepreneurs. He also appreciated various policy measures and efforts put in by Central Government, RBI, State Governments, financial institutions, and banks in mitigating the financial stress caused by the Covid–19 pandemic to MSME sector in the country.

General Manager, SIDBI Rahul Priyadarshi, also appraised various schemes operated by SIDBI for the benefit of the MSME sector.