RBI conducts NAMCABs Workshop for Bankers in Pelling

RBI's Initiative to Enhance MSME Lending Skills

Gangtok: Reserve Bank of India (RBI), Gangtok, organized a two-day workshop under the National Mission for Capacity Building of Bankers (NAMCABs) initiative at Pelling, Gyalshing district, on January 28-29, 2025. The workshop aimed to enhance customer sensitivity in financial services. In his keynote address, Mr Thotngam Jamang, Regional Director, RBI, Gangtok, advised bankers to show empathy in providing customer services. He emphasized the importance of understanding the specific entrepreneurial needs of MSME financing in the state of Sikkim.

Mr Subash Luyagun, Manager, RBI, delivered a session on the recent RBI guidelines for MSME financing, covering topics such as collateral-free lending, cluster financing, credit proposal tracking, documentation, foreclosure charges, and co-lending guidelines. Mr Rahul Verma, Manager, RBI, delivered sessions on technological interventions for MSME financing, guidelines on digital lending, the TReDs platform, the role of fintechs, monitoring of advances, and management of stress in MSME accounts. Representatives from the State Level Bankers' Committee, TransUnion CIBIL, and SIDBI conducted sessions on debt recovery tribunals, the SARFAESI Act, and Lok Adalats for recovery of MSME loans. They also discussed the use of credit scoring and rating models for financing MSMEs, the role of credit information companies in MSME lending, and CGTMSE guidelines.

The program received positive feedback from the bankers, who appreciated the workshop. The bankers requested that the RBI conduct such workshops more frequently to support their ongoing knowledge enhancement. More than 30 bank officials from various bank branches in the districts of Geyzing, Namchi, and Soreng attended the workshop. In his welcome address, Mr Goda Ravishankar, General Manager, RBI, explained the importance of MSME units in contributing to India's GDP growth, exports, and providing employment opportunities. He emphasized the need for bankers to fill the credit gaps in MSME financing. -PIB

Comments

Popular posts from this blog