Demokratic Front, Chandigarh, 06 November :
An interactive session was organised by the Chandigarh chapter of the PHD Chamber of Commerce and Industry to educate MSMEs on various aspects of financial empowerment, including loan management, listing, and ratings.
Regional Director of PHDCCI, Ms. Bharti Sood, welcoming the attendees, mentioned that by empowering small businesses with knowledge and tools, they can be helped to overcome financial challenges and contribute to their sustainable development.
Mukul Bansal, Coordinator of the Banking and Financial Services Committee of PHD Chamber of Commerce and Industry, spoke about the importance of loan stability and restructuring, which are crucial aspects in maintaining financial stability and promoting economic growth. MD Shiv Shankar Kumar of Yashoda Fintech discussed loan management and the perspective of lending from banks.
Mr. Shiv Shankar Kumar, MD, Yashoda Fintax discussed about debt management and the bank’s lending approach. He mentioned that Debt, when managed prudently, can be a useful tool for economic growth, investment, and personal development. However, without careful management, debt can quickly spiral out of control, leading to severe financial distress and potential bankruptcy
Mr. Ananda Prakash Jha, Director- Business Development (North- MCG) CARE Ratings shared the benefits of care rating for MSMEs. He had mentioned that it plays a pivotal role in their growth and sustainability. MSMEs often struggle to access affordable credit due to a lack of substantial collateral or credible credit history.
Rakesh Khurana, Senior Manager at the National Stock Exchange, explained how MSMES can raise funds through listing on the NSE and improve their operational efficiency. Dr. Rajesh Prasad, Field Head of PNB, shared funding options to assist MSMES with their financial requirements.
