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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

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