Reserve Bank of India, Sikkim conducted workshop of the Micro, Small, and Medium Enterprises (MSME) Workshop for bankers on November 27-28, 2023, at Gangtok. The two-day workshop, held under the National Mission for Capacity Building of Bankers (NAMCABS) brought together bankers from three districts viz. Gangtok, Mangan, and Pakyong, industry experts, financial institutions, and government representatives to sensitize the importance of lending to this sectors.

Shri Kishore Pariyar, Regional Director, Sikkim was the Chief Guest in the Workshop. He highlighted the sector’s contribution to economic growth and employment opportunities besides contributing to exports and wellbeing of the local community.  

The representatives of MSME of Govt. of Sikkim, SIDBI and CIBIL apprised the bankers about different schemes of Government and their expectations from bankers while providing credit to the MSME Sector. The participants gained valuable insights into RBI guidelines on MSME finance, credit scoring models, framework on relief and rehabilitation of distressed units. Discussions encompassed directives from the PM Task Force for MSME lending, role of credit guarantee schemes, impact of technology on MSME financing and recent Government initiatives tailored for the MSME sector. Further participants were made aware of management of NPA and procedures for recovery of MSME loans. Insights into bankers’ behavioural perspectives on MSME lending were a key aspect of the workshop.

The workshop concluded with a deep dive into understanding entrepreneurial needs in MSME financing. It aimed to bridge the gap between financial institutions and entrepreneurs, ensuring that financing solutions align with the diverse needs of MSMEs.

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-SKM/TWB

(Release ID: 1980884)