The PHD Chamber of Commerce and Industry (PHDCCI), Chhattisgarh Committee and Konrad Adenauer Stiftung organised a workshop on the topic “Preparing Bankable Project-A Key to Success for SMEs” on Thursday in the city.
In this workshop, Rajeev S Deputy director MSME DI, Ministry of MSME, Government of India, P. Nimonkar, Project Head CITCON, Santosh Bhankar Chartered Accountant from CSIDC, Swati Sharma, Special Invitee National Board of MSME and R K Bains, Asst.General Manager Union Bank of India were present as speakers.
The objective behind the workshop was to create awareness pertaining to preparation of flawless project proposals which can be put forth to banks for the purpose of availing requisite finance. The relevance of the topic spread across the MSME sector and beyond including young and budding entrepreneurs.
One of the key challenges as is prevalent today is the knowledge gap among the people who are enthusiastic about start-ups. Today, when the entire national policy is directed towards making the country a manufacturing hub, it is imperative that we have a pool of new generation entrepreneurs, a PHDCCI press release stated.
However, it is also essential that such new generation entrepreneurs are equipped with the necessary information and knowledge as in how to steer a project and ensure availability of necessary resources, one of the most important being finance. The workshop has been organised with this particular end in mind and the same has been received on an enthusiastic note by a heterogeneous genre of participants representing a various walks of life; professionals, entrepreneurs and students, it stated.
Swati Sharma said that she would be glad to receive representation from MSME and promised that she would do the needful to take it to the appropriate authority for a solution.
P Nimonkar narrated the finer aspects of Bankable Project Reports which proved to be very informative to all the participants.
Rajeev S also took up the aspect of MSME and gave detailed information pertaining to various programs as run by Central Government for this sector.
R K Bains invited the MSMEs to approach Union Bank of India for their financial requirements and also explained different initiatives taken by the bank for development of MSME.
In the workshop, many representatives from local industry, Chartered Accountants, and Management students were present. The programme ended with vote of thanks by Resident Manager, PHDCCI, Sumit Dubey.