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SIDBI ET MSME Conclave: Ludhiana edition of meet focuses on financial resilience

Aimed at boosting entrepreneurship in Ludhiana (Punjab), the third edition of the SIDBI ET MSME Conclave was held on January 19 in the city. The high-powered event saw a large gathering of MSMEs and industry stakeholders.

The Ludhiana edition of the SIDBI MSME Conclave focussed on promoting a culture of financially resilient and competitive MSMEs, in line with the country’s push towards Atmanirbhar Bharat (self-reliant India). The summit is part of a series of events aimed at bringing together micro, small & medium enterprises (MSMEs), policymakers and ecosystem enablers.

The conclave started with a keynote speech on empowering the Punjab MSME ecosystem; it was given by Rahul Priyadarshi, CGM at SIDBI. The SIDBI official asserted that MSMEs need timely credit at a reasonable cost, and SIDBI is actively addressing this with a host of offerings. He said earlier the spotlight used to be only on larger firms, but today MSMEs are gaining prominence because of their role in developing the economy. “MSMEs require awareness to tackle their problems and stay compliant wit ..

He further outlined the role of SIDBI in creating a conducive ecosystem for MSMEs by providing funding, mentorship and expansion opportunities. “If you have an idea, SIDBI is there to help you — from green finance to term loans to funds for startups, we have a host of products. SIDBI is one of the biggest contributors in venture funds, having contributed to over 150 venture funds, and these venture funds further help numerous startups.