KATHUA: Reserve Bank of India organised a Town Hall meet on Micro, Small and Medium Enterprises (MSME) sector on Thursday at Hotel Tangri, Kathua.
A.K Mattu, General Manager, Reserve Bank of India, Jammu, presided over the meeting. In addition, R.B Gupta, AGM, RBI, R.K Sharma, AGM, RBI, Ajay K Gupta, AGM, State Bank of India, Amit Kumar Sethi, AGM, SIDBI, senior officers from Zonal Office Punjab National Bank, Jammu, Jammu and Kashmir Bank Ltd, Cluster Head, Jammu and Kashmir Grameen Bank, Director, KVIC, President Industries Association, Kathua and local entrepreneurs, participated in the meeting.
General Manager, RBI, while welcoming entrepreneurs/ other participants, explained the rationale of holding such Town Hall meetings by RBI. He stated that the main idea was to have a feel of problems and issues being faced by MSME enterprises particularly in accessing the bank finance. Besides, such a forum also provided a useful platform for direct communication between different stakeholders so as to attempt solutions on the spot, if possible.
He explained the useful role being played by the MSE sector in contributing various sectors of economy
A presentation on the different schemes of SIDBI including CGTMSE scheme was made by Sethi, AGM from SIDBI. On the occasion, all the bankers explained various schemes offered by them to micro and small enterprises. The local entrepreneurs spoke on their issues and offered suggestions for augmenting credit flow and requested more support from banks/ government. The bankers present in the meeting clarified queries raised by entrepreneurs and assured all support to meet the genuine requirements of the entrepreneurs in the State. The participants appreciated the initiative of RBI and requested for more such events in future.