SIDBI ET MSME Conclave: Entrepreneurs in Bhubaneswar get a helping hand to improve access to finance
SIDBI ET MSME Conclave was organised in Bhubaneswar on January 19.
The event — Empowering MSMEs: Forging a Resilient Future — was organised by Small Industries Development Bank of India (SIDBI) in association with The Economic Times, with an aim to uplift innovation and entrepreneurship in the capital city of Odisha. The high-powered event saw a large gathering of MSMEs and industry stakeholders.
The SIDBI MSME Conclave in Bhubaneswar hosted enlightening fireside chats and panel discussions with stakeholders and industry leaders on topics such as building a startup hub, encouraging innovation and fostering collaboration in the MSME clusters in Odisha.
The MSME conclave began with a speech from Sudatta Mandal, DMD, SIDBI.
The topic was “Odisha's Startup Hub: SIDBI's Role in Shaping the Next Decade”. Mandal spoke on the need to increase credit flow to MSMEs, including the underserved and unserved MSMEs; and highlighted the need to create adequate liquidity in the system.
Mandal spoke at length about the various credit schemes being run by SIDBI to cater to the credit needs of MSMEs.
“We have started extending venture debt to MSMEs and startups where term loan is being sanctioned to eligible enterprises in sectors under manufacturing and services across India,” said Mandal.
This followed a special address from Saswat Mishra, Principal Secretary, MSME, Odisha, who spoke on “Cluster Development and District Growth: An Insider's Perspective on Odisha's Strategy”. Mishra talked in detail about the initiatives taken and the policies launched by the Odisha government to empower MSMEs in the state.
“The state government is bringing in an enabling policy framework for MSMEs.
