Indian Bank’s “MSME Prerana,” an initiative for the MSME Sector in the country, was formally launched in Rajasthan on Monday. The program is already operational in seven other Indian states. It aims at empowering MSME entrepreneurs through skill development and capacity building training in their local languages, assisting them in acquiring necessary financial and managerial skills, capacity to handle crisis in business, understanding of dynamics of credit rating and risk management.
The training program is in collaboration with M/s Poornatha & Co, a firm that designs entrepreneurial development program in vernacular languages using online web interactive sessions and case studies. Indian Bank has already conducted this online program in seven languages across 10 states as part of other entrepreneurial schemes.
While inaugurating the program, Usha Sharma, chief secretary, Government of Rajasthan appreciated lauded the bank’s proactive measure to bolster entrepreneurs in the state.
Speaking on the occasion, Shanti Lal Jain, MD & CEO, Indian Bank, added that the MSME sector has immense potential. “This venture will complement the efforts by state governments by equipping them with necessary skills to navigate and grow in the marketplace efficiently,” he shared.
Among other dignitaries present on the occasion were Mahendra Kumar Parakh (commissioner, Industries, Govt of Rajasthan), Narendra Sharma (GM (MSME) and Ravinder Singh (FGM, Delhi, Indian Bank).