Hyderabad, Sept 30 (KNN) Over 40 representatives from micro, small and medium enterprises across the city attended a workshop on Financial Literacy, organized by the State Bank of Hyderabad (SBH) and Dun and Bradstreet India.
Key issues pertaining to the MSME sector were covered during the workshop - such as policy and regulatory frameworks, state and central government schemes and programmes for the benefit of MSMEs, financing options and modes, Banks/ FIs requirements, forms of organizational structure, benefits of registration.
Significantly the workshop comprising of both educative and interactive sessions provided a platform for entrepreneurs to dialogue and discuss their financial requirements and at the same time offer suggestions on improving credit flow to the MSME sector.
The one day workshop organized here on September-28 saw the participation of entrepreneurs, owner-managers, proprietors, partners, directors in micro and small enterprises, business division heads and senior non-finance and finance executives in medium enterprises.
Through the event, SBH which is a pioneer in SME financing in the country demonstrated its commitment to the sector. The Bank has in place a wide range of products and services to cater to the evolving needs of small and medium units.
Having declared the current fiscal year as the year of MSME, SBH has adopted a cluster approach as a strategy to improve credit flow to small and medium units through industrial and artisan clusters across the country.
A provider of international and Indian business information, Dun & Bradstreet acknowledged the fact that MSMEs are key to the country’s growth.
MSMEs provide employment to around 69 million people and account for around 45 per cent of the country’s manufacturing output.