The second Town Hall meeting of Reserve Bank of India (RBI) for Chhattisgarh was held on Thursday for the owners of units from Micro, Small and Medium Enterprises (MSME) Sector from various parts of the country here, officials informed.
According to RBI officials, these Town Hall meetings bring together all stake holders viz; State Government, RBI, banks, industry bodies and entrepreneurs on the same platform which provides a useful interface between them and helps in improving the financial health of the sector.
The second Town Hall meeting was presided over by the Executive Director of Reserve Bank of India, US Paliwal. Apart from US Paliwal, Managing Director CSIDC Sunil Mishra, GM NABARD P Ranjith, and Director, MSMEDI AR Gokhe along with officials from Directorate of Industries Government of Chhattisgarh took part in the meeting.
Regional Heads of various banks, office bearers and senior representatives from various industry associations of Chhattisgarh also attended the meeting. A presentation on credit rating of MSMEs was also made by Prashant Borole from CARE ratings.
Dr Sanjeev Sharma, Regional Director, RBI, Raipur in his welcome note emphasised the vital role played by the MSME sector in the country’s economy.
Notably, MSME Sector is very vital for the economy since it employs large number of skilled, semi-skilled people across the country and is responsible for exports which are vital for the economy.
later in his key-note address, Executive Director RBI US Paliwal spoke about the RBI’s vision for the MSME Sector and the steps taken by it to ensure that these sectors receive adequate credit.
Sunil Mishra, MD, CSIDC also addressed the forum and explained about various State Government initiatives. The industry associations’ representatives thanked RBI for arranging such an event. They also presented various issues and suggestions for the growth of this sector.
The dignitaries also cleared the doubts raised by the entrepreneur’s on various issues pertaining to the MSME Sector.