A seminar titled 'SME Knowledge Interchange' was organised in association with State Bank of India and Business Standard on banking and finance at a city hotel.
Experts from the merchant banking, banking and finance sector were present at the workshop. Corporates, bankers and entrepreneurs participated in the panel discussion conducted on debt funding and equity funding in two sessions.
Panelists for Debt Funding were Bijendra Kumar, deputy general manger, SBI, Aurangabad, T R Sharma, MSME-DI, Nilesh Dadpe, regional manager, west, SME Rating Agency, Shantanu Deshpande, CEO, Speciality Polyfilms Pvt Ltd and Vinod Kumar, country manager, Sustainable Development.
The bank has introduced special products for SMEs like collateral free loans for micro and small enterprises engaged in manufacturing and service sector.
For manufacturing sector, original investment in plant and machinery should be up to Rs 5 crore and for service sector, original investment in equipment up to Rs 2 crore."
Sunil Bhosle, president, Marathwada Association of Small Scale Industries and Agriculture (MASSIA), said, "Even though SMEs contribute 45 per cent of India's GDP, the promoters face many problems while raising funds. For every entrepreneur, availability of funds at the right time is extremely important. If we get funds at the right time, it will help us to promote business."
Nilesh Dadpe explained the benefits of rating and the the primary objective of rating and how it helps to facilitate greater and easier flow of credit from the banking sector to SMEs.
Experts from the merchant banking, banking and finance sector were present at the workshop. Corporates, bankers and entrepreneurs participated in the panel discussion conducted on debt funding and equity funding in two sessions.
Panelists for Debt Funding were Bijendra Kumar, deputy general manger, SBI, Aurangabad, T R Sharma, MSME-DI, Nilesh Dadpe, regional manager, west, SME Rating Agency, Shantanu Deshpande, CEO, Speciality Polyfilms Pvt Ltd and Vinod Kumar, country manager, Sustainable Development.
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While giving a guidance note on SMEs in banking finance, Bijendrakumar said, "Our policy is to encourage more and more SMEs for bank funding and SBI is taking special efforts to make the procedure fast and easy.
The bank has introduced special products for SMEs like collateral free loans for micro and small enterprises engaged in manufacturing and service sector.
For manufacturing sector, original investment in plant and machinery should be up to Rs 5 crore and for service sector, original investment in equipment up to Rs 2 crore."
Sunil Bhosle, president, Marathwada Association of Small Scale Industries and Agriculture (MASSIA), said, "Even though SMEs contribute 45 per cent of India's GDP, the promoters face many problems while raising funds. For every entrepreneur, availability of funds at the right time is extremely important. If we get funds at the right time, it will help us to promote business."
Nilesh Dadpe explained the benefits of rating and the the primary objective of rating and how it helps to facilitate greater and easier flow of credit from the banking sector to SMEs.