openPR Logo
Press release

Dun & Bradstreet and Central Bank of India hosts MSME Symposiums

12-19-2011 02:37 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Blue Lotus Communications Pvt Ltd.

/ PR Agency: Blue Lotus Communications Pvt. Ltd.
Dun & Bradstreet India, in association with Central Bank of India ,organized the first of its kind ‘Knowledge Series’, focused on development of MSMEs. The platform invited notable leaders from the industry to provide insights on critical aspects like employment opportunities, technological innovations and fund raising in the MSME sector. The panel discussion on ‘Role of Entrepreneurship and Bank Credit for development of MSMEs’ was the key highlight of the seminar. The event was attended by over 100 regulators, MSMEs representatives and senior leaders from Central Bank of India.

The event also marked the celebration of Central Bank of India completing 100 years of service to the nation. Central Bank of India will be conducting the centenary celebration on its foundation day 21st December 2011. The Bank has undertaken several initiatives during the year to promote inclusive growth through financial inclusion & contribution in economic development of the nation.

Delivering the welcome address, Ms. Preeta Misra, Leader – Learning Solutions, D&B India said “It is now well accepted that MSMEs are stepping stones of entrepreneurship development, innovation and risk taking behaviour and provide the foundation for long term growth, especially in developing countries such as India. MSMEs provide employment to around 69 mn people, through 26 mn units. Moreover, MSMEs account for around 45% of the country’s manufacturing output. In recognition of this contribution, Dun & Bradstreet Learning Solutions is pleased to be associated with Central Bank of India to serve the specific needs of the MSME community with innovative, high quality, comprehensive training and education programs”.

Speaking on the occasion, Mr. Anand Mohan, AGM- Mid Corporate Finance Branch, Central Bank of India, said, “Central Bank of India is happy to be associated with Dun & Bradstreet to conduct these MSME Symposiums as part of its centenary celebration. Over the last few months the bank has taken several initiatives to improve financing in the MSME sector.
 The Bank has designated additional 142 branches as Specialized MSME branches taking the total number of specialized branches to 202.
 MSME portal was introduced in the Bank’s website incorporating all our lending schemes and simplified Common Application Form.
 Introduced Vendor (MSME Borrower) Financing Scheme
 Introduced Dealer (MSME Borrower) Financing Scheme
 Launched SRTO Scheme under Tie Up with automobile companies like Tata Motors and Ashok Leyland.
 Establishment of 46 RSETI for imparting training to Rural Unemployed Youths for undertaking gainful enterprises.
 Opened 37 FLCCs across the country”.

He further added, “Entrepreneurship Development Programmes for MSMEs are being conducted across the country in association with Dun and Bradstreet and till date 9 such EDPs have been held. 12 more symposiums were organized in our Zonal Head Quarters in association with D&B and CARE Ratings”.

The interactive sessions were not only educative but also enabled a dialogue amongst various participants that will eventually create a robust eco-system in the rapidly evolving Indian MSME landscape. Key note addresses were made by Mr. Rajeev Chawla, President, Faridabad Industries Association, Mr. P K Jain, Chairman and Managing Director, Malt India Pvt Ltd and Ms. Sanchita Majumdar, Assistant General Manager , SIDBI, New Delhi.

About Dun & Bradstreet (D&B)

Dun & Bradstreet (NYSE:DNB), the world’s leading source of global business information, knowledge and insight, has been enabling companies to Decide with Confidence® for 170 years. D&B’s global commercial database contains more than 200 million business records. The database is enhanced by D&B’s proprietary DUNSRight® Quality Process, which transforms the enormous amount of data collected daily into decision-ready insight. Through the D&B Worldwide Network – an unrivaled alliance of D&B and leading business information providers around the world – customers gain access to the world’s largest and highest quality global commercial business information database.

Customers use D&B Risk Management Solutions to mitigate risk, increase cash flow and drive increased profitability, D&B Sales & Marketing Solutions to analyse markets, locate prospects and increase revenue from new and existing customers; D&B Export Marketing Solutions to gain significant insight into overseas markets and increase sales; D&B Learning Solutions to facilitate professional growth and excellence among their executives and D&B Economic Analysis Group to derive pragmatic and solution-oriented analyses of strategic economic and business developments, thereby aiding informed decision making.

D&B featured on FORTUNE Magazine's Most Admired Companies Industry List for four consecutive years (2006 -2009), ranking first in the Financial Data Services category. D&B ranked first in the areas of employee talent, financial soundness, long-term investment, quality of management and use of corporate assets. In 2011, D&B featured on the World’s Most Ethical Companies list in the Business Services category by Ethisphere. The World’s Most Ethical Companies designation recognizes companies that truly go beyond making statements about doing business “ethically” and translate those words into action.

For more information please visit www.dnb.co.in

C- 10, Amar Colony market, Lajpat nagar IV, new delhi- 110024

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Dun & Bradstreet and Central Bank of India hosts MSME Symposiums here

News-ID: 204629 • Views:

More Releases from Blue Lotus Communications Pvt Ltd.

Financial inclusion is possible when the policy, mindset, philosophy and frame w …
Hyderabad, August 13, 2013: As a part of its on-going efforts to enhance the knowledge on various economic aspects of domestic as well as global market, Dun & Bradstreet, the world’s leading provider of business information, knowledge and insight and Andhra Bank organized a seminar titled ‘Financial Inclusion Conclave 2013’ in Hyderabad today. The other partners to this event included Canara Bank, BSE Investor Protection Fund and Micro Finance Institutions
SONALIKA’S BAAGBAN TOOK INDIA INTERNATIONAL TRADE FAIR (IITF) BY STORM
Sonalika Group, a leader in the Indian tractor industry, presented one of its hot selling tractors, Baagban DI 30, at India International Trade Fair (IITF). The fair was held at Pragati Maidan, New Delhi from November 14-27, 2011. Sonalika’s Baagban DI 30 has been highly acclaimed and one of the biggest attractions at the trade fair. Baagban is a powerful yet compact tractor which can be used for various applications. It
SPICE DIGITAL LIMITED INTRODUCES DIGITAL TOYS FOR KIDS Spice Labs announces the …
Spice Digital Limited, one of India’s leading MVAS (Mobile Value Added Services) companies, introduced their Educational and Entertaining BlackBerry Apps for kids aged between 1 to 10 years. For both, Educational and Entertaining Apps, Spice Digital has partnered with BlackBerry, the fourth most popular device manufacturer after Google, Sony Ericsson, and Apple. These BlackBerry Apps by Spice Labs are designed to keep children engaged for hours as they can learn

All 4 Releases


More Releases for MSME

Digitisation to Encourage Online Applications for MSME Loan
According to recent studies, digital lending to MSMEs will witness a 15x growth by 2023, attributed by digitization and influx of last-mile lenders such as digital lending companies and NBFCs. The MSME sector in India is highly underserviced and doesn't have access to formal credit. Over 60% of the MSME sector resort to some sort of informal credit on unfavourable terms and very high interest rates. The advent of fintech
The World MSME Day Celebrates the Resilience of Small Business Entrepreneurs Glo …
Every year, June 27th is celebrated as the World MSME Day and this year's theme is on 'Resilience and Rebuilding: MSMEs for Sustainable Development'. Established by the United Nations (UN), the World MSME Day acknowledges the enormous contributions of small businesses in every country towards fostering innovation, giving to their nation's economic growth and creating millions of jobs in local economies. The micro, small, medium enterprise (MSME) sector, also commonly
MSME Loans Is Beneficial To Your Business. Learn Why!
What is MSME Loan? An SME loan is also known as a loan for Small and Medium Enterprises. It is a credit facility offered to medium and small businesses for their long-term, working capital, growth or expansion needs. It can be extremely useful for SMEs to realize their full potential through appropriate funding, especially for women-run businesses which might otherwise find it difficult to get funding. A micro, small or medium enterprise
MSME financing Market Overview, New Opportunities & SWOT Analysis by 2025
Latest released the research study on Global MSME financing Market, offers a detailed overview of the factors influencing the global business scope. MSME financing Market research report shows the latest market insights, current situation analysis with upcoming trends and breakdown of the products and services. The report provides key statistics on the market status, size, share, growth factors of the MSME financing Market. The study covers emerging player’s data, including:
How can P2P lending disrupt MSME sector in India?
There are more than 5 crore MSMEs in India and their contribution to the Indian economy is quite significant. The Micro, Small and Medium Enterprises are creating massive employability i.e. up to 12 crore people which is close to 33% of India’s manufacturing output. But still MSMEs suffer from an incredible capital shortage that amounts to Rs. 32 trillion as per the International Finance Corporation. Out of all these statistics
Conference on MSME Finance: Issues, Challenges and Alternative Modes of Finance
As a driving force for innovation, employment and economic development, micro, small and medium-sized enterprises (MSMEs) play a very important role in a country’s economy. However, MSMEs’ access to finance is rather limited. Financing has been a problem that troubles MSMEs for a long time, which restrains their growth and development. MSMEs need finance to start new ventures or expand the existing business or to survive and cope with the