STATE TIMES NEWS
JAMMU: The third workshop of National Mission for Capacity Building of Bankers for Financing MSME sector (NAMCABS) was organized by RBI here today.
The workshop was inaugurated by N.K Sahu, Regional Director for Jammu & Kashmir, in which 20 banks functioning in the State participated.
Sahu 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 State and be more sensitive to the needs of the small entrepreneurs.
Satya Narain, DGM, RBI reiterated the significance of conducting this workshop. The broad objectives of National Mission for Capacity Building of Bankers for financing MSME sector (NAMCABS) are to build skills for MSME lending and develop entrepreneurial sensitivity among the field level functionaries of specialised MSME branches of commercial banks. The mission is to train officials of specialised branches of all banks in the J&K State, dealing directly with MSME lending.
The training sessions focused on the entrepreneurial sensitivity, soft skills required to handle the first generation entrepreneurs as well as existing MSME borrowers; timely and adequate funding to the MSME customers and prompt rehabilitation measures to revive viable MSME units, etc.
Experts from RBI as well as SMVDU, SIDBI and different banks conducted different sessions on Central/State Government Initiatives and Schemes on MSME, CGTMSE Scheme, Understanding entrepreneurial sensitivity, Credit Appraisal Techniques and Risk Mitigation in Financing of MSMEs, Credit Monitoring System, Management of NPAs, restructuring, revival and rehabilitation of MSME Accounts, SME Lending under Basel Regime and Technology Platform for financing MSMEs etc.
