Gadkari launches Indian Bank's 'MSME Prerana'

Nagpur, July 1

Indian Bank launches its flagship Business Mentoring Programme ‘MSME Prerana’ in the state of Maharashtra. ‘MSME Prerana’ is a novel, unique and innovative business mentoring program, first of its kind to empower MSME Entrepreneurs.

The programme will begin from Nagpur followed by other important cities in Maharashtra.

While launching this flagship program, union Minister of MSME and Road, Transport and Highway Nitin Gadkari said, “I thank and appreciate Indian Bank team for thinking out of the box and introducing this great initiative for MSMEs.The sector contributes 30% to Indian GDP and 48% to exports while creating 11 crore jobs in India. I suggest banks to introduce a mechanism which can help in evaluating the financial ratings of the MSMEs at the preliminary stage", he said.

Padmaja Chunduru, MD & CEO, Indian Bank said, “We are delighted to extend our flagship program MSME Prerana to our customers in Maharashtra. We are the 7th largest Public Sector Bank in the country, and in the MSME segment we are the second largest in terms of % growth (15%). Maharashtra being one of the important markets for our Bank, it is our endeavour to instil confidence among small entrepreneurs and equip them with business acumen. We are committed on taking this one of its kind program to other cities and empower the entrepreneurial community".