YES BANK Empowers MSMEs with ?Scale-up? Knowledge Series 6th Ed
Chennai, August 24, 2018: YES BANK, India’s fourth largest private sector bank, has launched a knowledge series for Top Executives and Promoters of Micro, Small and Medium Scale Enterprises (MSMEs) in Chennai, in partnership with Madras Chamber of Commerce and Industry (MCCI) to help local entrepreneurs scale their businesses for global markets and gain competitive advantage.
The exclusive forum of MSME CXOs witnessed an audience of over 200 leaders engrossed in discussions led by the Keynote speaker, Shri Dharmendra Pratap Yadav, Secretary to Government, MSME Department, Tamil Nadu, who set the tone of the event by focusing on “Scaling Up of Business in Tamil Nadu”.
The ‘Scale-up’ Knowledge Series is designed to equip MSMEs with information about resource planning and management of challenges associated with scaling up, more so, in the context of the transformational shifts taking place in global commerce due to rapid changes in technology and a dynamic geo-political and regulatory environment. The session focused extensively on the enabling Government policies for MSMEs, and issues relevant to entrepreneurs in Chennai.
The session included a panel discussion that witnessed young entrepreneurs of Chennai discuss 'Scaling up Business in Tamil Nadu'. The panel was moderated by Mr. Ravi Srinivasan, Editor, The Hindu Business Line. The discussion was followed by a felicitation ceremony, which saw five emerging MSMEs from Chennai getting recognized for their exemplary performances – Siechem Technologies Pvt. Ltd.; National Plastics Group; Sheenlac Paints Ltd.; Fourrts (India) Laboratories Pvt. Ltd.; and Link Up Textiles Pvt. Ltd.
In keeping with its ethos of Knowledge Banking, YES BANK has previously hosted ‘Scale-up’ Knowledge Series in Pune, Ludhiana, Hyderabad,Jaipur, Kolkata, in partnership with Maharashtra Chamber of Commerce, Industries and Agriculture (MCCIA) Pune, Ludhiana Management Association (LMA) and Federation of Telangana and Andhra Pradesh Chambers of Commerce and Industry (FTAPCCI), Rajasthan Chamber of Commerce & Industries to facilitate hassle-free transition of MSMEs to the new GST regime and scale-up businesses in an increasingly transforming global scenario.
YES BANK is ensuring that along with a digitally-enabled banking solutions platform, MSMEs are also equipped with a GST-ready product suite, which includes a customized current account, credit card, a dedicated section on the website & call-back service for any GST query and a unique cash flow management solution designed by Numberz, a start-up which recently graduated from YES BANK’s fintech accelerator.
More information about novel initiatives taken by YES BANK for MSMEs - https://www.yesbank.in/business-banking/loans/yes-samriddhi
Information on YES BANK’s GST-ready platform here: https://www.yesbank.in/business-banking/yes-gst