STATE TIMES NEWS
JAMMU: The second workshop for capacity building of banks of Specialised MSME Branches was held at RBI, here which was inaugurated by Regional Director, N.K Sahu in which 13 banks functioning in the State participated.
In his inaugural address, Sahu highlighted the importance of MSME sector, their contribution in GDP, country’s exports and providers of employment. 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 MSME branches of all banks in the State of Jammu and Kashmir, dealing directly with MSME lending. He appealed to the bank officials present to enhance lending to MSMEs in the State and be more sensitive to the needs of the small entrepreneurs.
The training sessions mainly focussed 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 customer and prompt rehabilitation measure to revive viable MSEunits, etc.
Expert speakers from different banks conducted different sessions on MSMED Act, understanding entrepreneurial sensitivity, credit scoring and credit rating for MSMEs, credit monitoring system, management of NPAs and debt restructuring mechanism for small and medium enterprises etc.
