Bridging the gap
-MSME seminar by MACCIA

MSMEs are the backbone of every economy, and they play a crucial role in furthering growth, innovation and prosperity. Indian MSMEs contribute 45% to country’s GDP, make a large contribution to innovation, employment and support regional development. Unfortunately, these enterprises are strongly restricted in accessing the capital that they require to grow and expand, rating access to finance as a major constraint. Thus access to finance is necessary to create an economic environment that enables MSMEs to grow and prosper.

With a view to enhance the efficiency, visibility and effectiveness of MSMEs, Maharashtra Chamber of Commerce, Industry & Agriculture (MACCIA), organised a Seminar on Bridging the gap between MSMEs & Financial institutions on October 12, 2017 in Mumbai.

The objective of the Seminar was to create an awareness on the various financial options available for the growth of MSMEs. The seminar deliberated on how MSMEs can make use of various schemes and products offered by government, public sector and private sector financial institutions to this sector.

Mr. Santosh Mandlecha, President, MACCIA delivered the welcome address. Mr. Mandlecha also felicitated the panellists and acknowledged the partners for their support.

Following panellists shared their insights on the topic during the panel discussion:

• Mr. Pranav Sharma, Head - SME Development, Aditya Birla Capital
• Mr. N C Kaushal Head of SME, DCB Bank
• Mr. Ayushman Sharma, SME Head Mumbai, Corporate Finance Group, Aditya Birla Finance Limited.
• Mr. Pravin Raut (Senior Vice President) Business Banking Cluster Head for South Mumbai, Yes Bank
• Mr. Sumeru Shah, Head- New initiatives, Rubique

The event was supported by Small Industries Development Bank of India, Aditya Birla Finance, Yes Bank and IDFC Bank.

Presentations were also made by Aditya Birla Capital and Yes Bank highlighting the offering they have for MSMES with their banks.

The Seminar endeavoured to gather information on various financing options for the growth of MSMES. The Seminar enlightened the MSMEs about the policies and incentives offered by financial Institutions for MSMEs. The event witnessed participation of over 100 MSMEs from across Maharashtra.

Dr. Nitin Parab, Chairman-MSME Council, Maharashtra Chamber of Commerce, Industry & Agriculture proposed the vote of thanks.