Two-day workshop for specialized MSME bank branches concludes

By
Daily Excelsior
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Excelsior Correspondent
JAMMU, Feb 24: Organized by Reserve Bank of India (RBI), the 20th workshop of National Mission for Capacity Building of Bankers for Financing MSME sector (NAMCABS) concluded, here today.
The workshop was inaugurated by Kamal P Patnaik, Regional Director, RBI, UTs of Jammu & Kashmir and Ladakh in which bank officials functioning in J&K and Ladakh participated. In his inaugural address, 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.
While presenting welcome address, Sandeep Mittal, GM RBI, reiterated the significance of conducting the workshop. He informed that the broad objectives of NAMCABS are to build skills for MSME lending and develop entrepreneurial sensitivity among the field level functionaries of specialized MSME branches of commercial banks in J&K and Ladakh.
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), Fx Retail, 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, Experian India, Canara bank and J&K bank conducted the sessions. Further, the participants actively participated in the sessions and benefitted from their interaction with expert speakers. The participants were made aware of the role required to be played by them in making MSME sector more vibrant and successful.

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