NEW DELHI,02.07.20-PHD Chamber of Commerce and Industry hosted an interactive webinar on 'How to avail Bank Credit under Emergency Credit Line of Rs 3 Lakh Crore for MSMEs' with august delegates including Mr. S S Acharya, General Manager & Regional Head SIDBI; Mr. Pradeep Sharma, AGM, Consultancy Services Cell, SBI; Ms. Pallavi Parab, Deputy Vice President, HDFC Bank and Mr. Himanshu Sahai, Senior Vice President - SME, Kotak Mahindra Bank Ltd.

Mr. S S Acharya in his deliberation discussed that the long pending demand of the MSME sector got a boost due to the pandemic. This is a RAFLE moment for the MSMEs where R is for the Regulatory measures; A is for Administrative measures and F is for Fiscal measures; E is for Economic Measures and L is for Legal measures. He talked that unitization has been satisfactory and we are giving no capital charge against it. There is a gradual increase in demand and production and it will pick up soon.

Mr. S S Acharya highlighted that the priority is the liquidity and this measure is to help units is to get liquidity. Offers letters have been issued by the private banks and offer has been given to everyone in the best possible way. There are other schemes which have been launched by the fund of fund, Pradhan Mantri Swadhar Yojana, and the smallest of the small that will help in giving cushion and support to the MSME. So, every sector of the MSME is being touched and some facilities have been put into place.

Mr. Pradeep Sharma while lauding the measures taken by the government is giving a new definition to MSMEs and supporting them with schemes and initiatives. Explaining about the Bank Credit under Emergency Credit Line of Rs 3 Lakh Crores for MSMEs and other measures, he said that there needs to better churn in the better working capital of the MSME. There is a tremendous opportunity for MSME in the fields of agriculture, IT, and others for the future. He also discussed the initiatives taken by the State Bank of India for supporting MSMEs and other small businesses.

Ms. Pallavi Parab discussed the specific initiatives and offers provided by the HDFC Bank to the start-ups & MSME's which include launching online platforms catering to B2C customers for MSME customers; equity investments and many more.