Town Hall meeting on MSME-related issues by RBI

Staff Reporter:

Namsai, 19th March 2023: The Reserve Bank of India (RBI), Itanagar Office, organized the "Town Hall Meeting for financing MSMEs" today at the Town Club in Namsai, to address the various issues and challenges in financing the Micro, Small & Medium Enterprises (MSMEs).

Representatives from key financial institutions including Abhijit Majumdar, GM/OIC, RBI, Itanagar Office; Nandu Ram Sharma, RM, RBO, SBI, Tinsukia; Jayram Pait, GM, APRB; S. Ranjit Singh, Chief Manager cum Coordinator, SLBC; Kamal Roy, DDM, NABARD; Siva Das, LDM, SBI; branch managers of various banks having presence at Namsai, officials of ArSRLM, NOSAAP, and members of various SHGs, local entrepreneurs, and progressive farmers converged to participate in this enlightening discourse.

Raju Manpang, Manager at RBI, commenced the session by outlining the objectives, extending a warm welcome, and encouraging attendees to vocalize challenges faced within the MSME sector.

The event witnessed informative presentations by Ronald Dkhar Baghwar, Block Mission Manager ArSRLM, and Chau Athina Chauhai, CEO NOSAAP, shedding light on initiatives fostering MSME development in Namsai.

In his address, Jayram Pait, GM, APRB, emphasized the pivotal role of banks including RRB in nurturing the MSME sector, interpreting its various categories based on investment and turnover.

S. Ranjit Singh, CM, Coordinator, SLBC, underscored the significance of state initiatives like DDUSY in propelling MSME growth and entrepreneurship.

Ajay Kr. Murmu, AM, RBI, provided insights into the pivotal roles and responsibilities of the RBI in bolstering MSME development and various MSME schemes of Central/ State Govt.

Kamal Roy, DDM, NABARD, elucidated the integral role of MSMEs in job creation and societal empowerment, urging for enhanced bank support in credit linkages for aspiring entrepreneurs.

Nandu Ram Sharma, RM, RBO, SBI, Tinsukia, reiterated SBI's commitment to financing burgeoning entrepreneurs across various sectors of MSME.

Closing the session, Abhijit Majumdar, GM/OIC, RBI, Itanagar Office, lauded the collaborative effort, urging banks to champion the cause of entrepreneurs while extending RBI's support in resolving banking-related hurdles. He commended DDUSY's endeavours in uplifting the entrepreneurial landscape of the state, emphasizing Namsai's significance as an aspirational district.

The RBI expressed gratitude to all stakeholders for their valuable contributions, marking the meeting a resounding success.