RBI celebrates MSME Day, focuses Women Entrepreneurs

Excelsior Correspondent

JAMMU, June 27: Reserve Bank of India (RBI) here today organized a Special Town Hall Meeting to celebrate ‘MSME Day’ with focus on ‘Women MSME Entrepreneurs’.
The ‘MSME Day’ is celebrated all over India to raise awareness about tremendous contributions of MSMEs.
Theme for the year 2025 is ‘Enhancing the role of MSMEs as drivers of sustainable growth and innovation’ since MSMEs account for 90 per cent of businesses, 60-70 per cent of employment and 50 per cent of GDP worldwide.
The event was graced by Vikramjit Singh, Commissioner/Secretary, Department of Industries & Commerce as chief guest and Rachna Sharma, Secretary, Department of Rural Development & Panchayati Raj as special invitee in the presence of Chandrashekhar Azad, Regional Director RBI Jammu. The event had enthusiastic presence of around 100 MSME entrepreneurs.
The event was also attended by Arun Manhas, Director, Department of Industries & Commerce, Dr Jagdish Chander, Secretary/CEO, Khadi and Village Industries Board, officials from MSME-Development & Facilitation Office, Jammu; Khadi and Village Industries Commission, GM, J&K Bank Ltd, DGM, SBI, DGM, PNB, Chairman, J&K Grameen Bank, AGM, Canara Bank, AGM, SIDBI, senior officials from ICICI Bank and HDFC Bank and Chairpersons of Industry Associations like PHD Chamber of Commerce and Indian Chamber of Commerce.
The event had thematic sessions covering flagship schemes of the Government such as the PM Vishwakarma Scheme, PMEGP, PM Mudra Scheme and One District One Product initiative.
The chief guest, in his address, highlighted the impressive repayment record of PMEGP loans, with a default rate of only about 2 per cent.

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