Dun & Bradstreet and State Bank of India host MSME Financial Literacy & Education Workshop

Mumbai, August 20, 2014 (Newswire.com) - The MSME Financial Literacy workshop touched upon key MSME issues such as, policy and regulatory frameworks, schemes and programmes of Central/State Govt. for promoting MSMEs, financing options and modes, Banks/ FIs requirements, forms of organizational structure, benefits of registration, etc. The one day workshop, also garnered various inputs from the MSMEs including peculiar financing requirements & suggestions on improving credit flow to MSMEs.

While stressing on the importance of financing schemes for MSMEs, Ms. Preeta Misra, Director – 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 the stalwarts of the industry to serve the specific needs of the MSME community with innovative, high quality, comprehensive training and education programs”.

Speaking at the workshop, spokesperson from State Bank of India said, "State Bank of India is a pioneer in SME financing in India. The Bank has developed a wide array of products and services in order to cater to the evolving needs of the SME sector and has adopted Cluster approach as a strategy to improve the credit flow to SME sector through industrial and artisan clusters across the country."

Dun and Bradstreet

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.

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 174 years. D&B’s global commercial database contains more than 230 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.

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