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MSME BANKING & NBFC EXCELLENCE AWARDS, 2023   Background: The ...read more

MSME BANKING & NBFC EXCELLENCE AWARDS, 2023

Background:

The Chamber of Indian Micro Small & Medium Enterprises (CIMSME) has been the strong voice of the MSME sector, assisting them to move to the next level and spearheading their issues and concerns with the authorities. Nevertheless, despite covering substantial areas, challenges still hound them.

The commendable work of the Commercial Banks and NBFCs in supporting and rejuvenating the MSME sector is a well-known story. Such good work must be showcased to motivate others to follow suit and enhance the performance of the MSME sector.

This is where the inspiration came to institute MSME Banking Excellence Awards by CIMSME in 2013. The first awards were organized in January 2014 with an overwhelming response. Later on, NBFCs were added as an important supporter of MSMEs. Continuing with our Journey, CIMSME is now organizing the 2023 Edition of these Awards.

Indian Banking Sector has virtually changed the landscape in the last few decades with its extensive expansion and making available financial assistance to millions of people. The Banks have, as a show of their increased responsibility, extended assistance to the MSME sector. Banks continued their concern to reach out for meeting the credit needs of the disadvantaged, socially neglected, women population, small and micro business entities, and the agriculture sector, all forming an integral sector contributing to the GDP of our country.

Banks, NBFC, and their staff have played a very important role in fighting the Covid-19 pandemic. The Atmanirbhar Bharat package and all the schemes are implemented through the Banking & NBFC sector. The Executive & Staff Members stood like the front line warriors in maintaining the economic stability in the country.

The Banks & NBFCs have proved to be a major catalyst for economic empowerment. The Bank’s and NBFC’s full commitment to expanding the reach to this sector for effective delivery of social subsidies, garnering small savings, providing financial products by harnessing technology, and creating an environment of equity and empowerment, is widely known.

Despite the following challenges, the contribution of Banks and NBFCs to the MSME Sector and Government enabling environment continues to be appreciated:

• Inability to access adequate and timely credit from Institutions;
• High cost of credit;
• Collateral requirements still insisted;
• Access to equity capital- still a dream;
• Delayed payment from Large Corporates;
• NPA Management and Rehabilitation of sick enterprises- still an area of concern;
• Women entrepreneurship, credit to minorities, etc.- liberal & effective approach needed

Against this backdrop, a format has been devised to appraise and evaluate the performance of Banks and NBFCs on specified parameters as devised by RBI in the MSME sector. Such information being collected will be the basis for the Expert Jury to assess and pronounce their judgment.

Concept: The evaluation of the performance of the Banks and NBFCs for the MSME sector will be based on the following Key parameters as per the audited Financial Results as of 31.03.2023:

a)      Priority Sector Lending;

b)      Performance in MSME segment-Growth, targets, quality, innovation, technology use to improve reach, service quality, penetration, and reporting systems;

c)      Financial Inclusion;

d)      Special Awards for Promoting Social Skills;

e)      CSR Activity for Social Upliftment;

f)       Skill Building Initiatives including training, creating financial literacy, and promoting awareness;

g)      Technology intervention;

h)      Support of MSMEs in Timely Payment of their Dues;

i)        Cluster Approach etc.

Categories:

 The following Categories shall be considered for the awards:

    i.  Best MSME Bank/NBFC/MFI,

    ii.  MSME Friendly Bank/NBFC/MFI,

    iii. Government Schemes Implementing Bank/NBFC/MFI,

    iv. Innovative Bank/NBFC/MFI,

     v. CSR & Business Responsibility,

    vi. Best Branding Bank/NBFC/MFI,

    vii. Best Bank/NBFC/MFI for Promoting Social Schemes;

   viii. Best Bank/NBFC/MFI for supporting Startups,

     ix.  Best Bank/NBFC/MFI for creating awareness among MSMEs & Startups

     x.  Jury Special Award.

Methodology of the Evaluation Process:

The following steps are to be followed for the evaluation process:

1. Questionnaire/ Entries scrutiny with understanding and experience of evaluating MSME Banking parameters and Financial Statements of Banks/NBFCs;

2. On the basis of evaluation, shortlisting of Banks and NBFCs;

3. Discussions with the MSME Banking Head, Top Management, and HR/CSR Head, if required for any clarification;
4. Evaluation by Knowledge Partner;
5. Reporting of the shortlisted Institutions with full details and evaluation to the Jury;
6. Jury meeting to discuss short-listed Banks/NBFCs/MFIs in the presence of Evaluating Partners & Heads of Institutions. In case of further clarification/ information sought by the Jury, be submitted;

Jury Composition

 Chairman

Hon’ble Justice (Retired) Sh. Deepak Verma, Supreme Court of India

 Members

1. Sh.  S S Kohli, Ex-Chairman & Managing Director Punjab National Bank, India Infrastructure Finance Company Limited, and Punjab & Sind Bank.
2. Sh. M Narendra, Ex-Chairman & Managing Director, Indian Overseas Bank.
3. Prof R K Dubey, Ex-Chairman & Managing Director, Canara Bank.
4. Sh. N K Maini, Ex Dy Managing Director, SIDBI.
5. Sh. H P Kumar, Ex CMD, NSIC.
6. Sh. S Chandrashekhran, Ex-Executive Director, UCO Bank.
7. Sh. Rajen Kumar, SME World.
8. Sh. Mukesh Mohan Gupta, President, Chamber of Indian Micro Small and Medium Enterprises.

Conference cum Awards Ceremony:

 This will be a Gala Award Ceremony- the dates will be announced at an appropriate time.

Submission of Questionnaires:

1. The questionnaires can be filled out on the soft copy of the form and sent it to [email protected] Answers should be legible and attachments clearly indicated
2. The printed forms in hard copy should be sent to CIMSME along with all additional required documents. The entire set of information may also be submitted through mail.

Duly filled-in applications/Questionnaires along with the applicable processing charges may be submitted to the following address latest by 14.08.2023.

Contact Details of the Nodal Officer for the MSME Banking & NBFC Excellence Awards, 2023:

Processing fee

A processing fee of Rs. 2,50,000/- plus applicable GST is required to be paid with the nomination form.

Payment Mode

 Cheques/Demand Draft to be drawn favoring “CHAMBER OF INDIAN MICRO SMALL & MEDIUM ENTERPRISES”

Or

Through RTGS/ NEFT as per details below:

Nomination Form Bank  -  Download

Nomination Form NBFC  -  Download

MSME Banking Excellence Awards-2015 held on January 18, 2016 at FICCI Auditorium, New Delhi. Chief Guest Shri Piyush Goyal, MoS, Power, Coal and New & renewable Energy. Guests of Honor Shri Mukhtar Abbas Naqvi, MoS Parliamentary Affairs and Minority Affairs; Dr. Sambit Patra, National Spokesperson, BJP; Chiefs of the Banks were present to receive the awards

This is an invitation to join MSME & Startup Manthan in Pune on October 07, 2023.

To join,  Register Now

We will send the complete details about the venue, agenda, and timing after getting your registration.

We will discuss the following issues during the seminar at Pune:

01. Timely and adequate Finance from Banks and Financial Institutions,

02. Recovery of Delayed Payments,

03. Incubation Facility for Startups We are inviting Senior Bankers, Legal Consultants, and Mentors for Startups to the seminar.

This is an invitation to learn various issues related to Import and Export Business. We are organizing a Webinar on September 11, 2023, at 04 PM.

To join the webinar,  Register Now:

ICICI Bank is our Knowledge Partner Bank for this webinar. We will majorly discuss the following issues related to Import and Export Businesses:

01. USD 300 billion E-commerce export opportunity for Indian MSMEs,

02. Rewrite your International Business Growth Strategy with the Foreign Trade Policy 2023,

03. Export finance as a tool to export growth guidelines and modalities,

04. RBI guidelines related to export import business.

Register for webinar - If you want to attend, register now. When your registration is approved, you'll receive an invitation to join. click here

To watch recording of the webinar click on the link https://youtu.be/-dAdeP6kG9E 

To watch recording of the webinar click on the link https://youtu.be/wDfjPrxX4e8

To watch recording of the webinar click on the link https://youtu.be/QsETpHZdwzI 

To watch recording of the webinar click on the link https://youtu.be/_-kZdwLkF9I

To watch recording of the webinar click on the link https://youtu.be/Eni6vEop77Y 

To watch recording of the webinar click on the link https://youtu.be/pu5Hfosf8uI 

To watch recording of the webinar click on the link https://youtu.be/2wFqtNk9w88 

To watch recording of the webinar click on the link https://youtu.be/tT5DVvP0pdU 

To watch recording of the webinar click on the link https://youtu.be/v-QuRkAYZ9k 

To watch recording of the webinar click on the link https://youtu.be/FePtRcjz0Vw 

To watch recording of the webinar click on the link https://youtu.be/QxDtoBW_ZAs

To watch recording of the webinar click on the link https://youtu.be/6Zv3aWDqzBA 

To watch recording of the webinar click on the link https://youtu.be/CNC6u3vErEU

To watch recording of the webinar click on the link https://youtu.be/YxMucoM0-O0 

To watch recording of the webinar click on the link https://youtu.be/H1V_5P2DxEs 

To watch recording of the webinar click on the link https://youtu.be/hHeKuCtA6Ds

It was great to meet Ms Sonika Singh IAS, District Magistrate, East District, Government of NCT of Delhi today. She is very positive officer. She is well aware of the issues of MSMEs and is dedicated to resolve the Delayed Payment issue being faced by them in the best possible way.

The meeting was joined by Mr Amod Barthwal SDM, Headquarter. It is informed that out of 600 cases 400 are already resolved. I am happy to understand that this MSEFC holds meeting every Tuesday.

Thanks entire team of East District of NCT of Delhi.

Another great meeting with Ms R Menaka IAS, District Magistrate and Deputy Commissioner Revenue, North, Government of NCT of Delhi.

We discussed the role of MSEFC to find out solutions of Delayed Payments to MSMEs. There are about 800 cases under her MSEFC, as Bawana and Narela Industrial areas are under her jurisdiction.

Ms Menaka is committed to support MSMEs and a very positive office.

Thanks Ms Menaka and her team.

President of Chamber of Micro Small and Medium Enterprises, Mr. Mukesh Mohan Gupta visited National Gallery of Modern Art on September 12th , 2021. He was welcomed by Sh. Adwaita Gadanayak, Director- General, National Gallery of Modern Art in the presence of Sh. Kuljeet Singh Chahal, General Secretary Delhi BJP.

SUGGESSTION ON SOLUTIONS FOR DELAYED PAYMENT TO MSMES It is a matter of great proud that Sh. Narayan Rane ji, Hon'ble Minister for Micro Small and Medium Enterprises called Chamber of Indian Micro Small & Medium Enterprises (CIMSME) today at his office, Udyog Bhawan New Delhi to discuss about the suggestions on “Solutions for Delayed Payment to MSMEs”. The suggestions were studied very carefully by Hon’ble Minister. It is matter of great pleasure that he has agreed on most of our suggestions and appreciated most of them.

This is an invitation to learn various issues related to Import and Export Business. We are organizing a Webinar on September 11, 2023, at 04 PM.

To join the webinar,  Register Now:

ICICI Bank is our Knowledge Partner Bank for this webinar. We will majorly discuss the following issues related to Import and Export Businesses:

01. USD 300 billion E-commerce export opportunity for Indian MSMEs,

02. Rewrite your International Business Growth Strategy with the Foreign Trade Policy 2023,

03. Export finance as a tool to export growth guidelines and modalities,

04. RBI guidelines related to export import business.

Register for webinar - If you want to attend, register now. When your registration is approved, you'll receive an invitation to join. click here

It was great to meet Ms Sonika Singh IAS, District Magistrate, East District, Government of NCT of Delhi today. She is very positive officer. She is well aware of the issues of MSMEs and is dedicated to resolve the Delayed Payment issue being faced by them in the best possible way.

The meeting was joined by Mr Amod Barthwal SDM, Headquarter. It is informed that out of 600 cases 400 are already resolved. I am happy to understand that this MSEFC holds meeting every Tuesday.

Thanks entire team of East District of NCT of Delhi.

Another great meeting with Ms R Menaka IAS, District Magistrate and Deputy Commissioner Revenue, North, Government of NCT of Delhi.

We discussed the role of MSEFC to find out solutions of Delayed Payments to MSMEs. There are about 800 cases under her MSEFC, as Bawana and Narela Industrial areas are under her jurisdiction.

Ms Menaka is committed to support MSMEs and a very positive office.

Thanks Ms Menaka and her team.

It was our honour to welcome Sh Satish Kumar ji, Asst Director, Ministry of Micro Small and Medium Enterprises. He is very knowledgeable professional officer

It was great to welcome Sh V K Mahendru ji, Field General Manager, Central Bank Of India today at our office.

He is dedicated and passionate to help and support Micro Small and Medium Enterprises.

I wish all success in his endeavors ro support MSMEs.

Team of Senior Executives of Small Industries Development Bank of India #SIDBI visited office of Chamber of Indian Micro Small and Medium Enterprises today. We discussed in details to find out the ways to strengthen the Swavalamban Facility Center. Tuesday, 14.09.2021

President of Chamber of Micro Small and Medium Enterprises, Mr. Mukesh Mohan Gupta visited National Gallery of Modern Art on September 12th , 2021. He was welcomed by Sh. Adwaita Gadanayak, Director- General, National Gallery of Modern Art in the presence of Sh. Kuljeet Singh Chahal, General Secretary Delhi BJP.

SUGGESSTION ON SOLUTIONS FOR DELAYED PAYMENT TO MSMES It is a matter of great proud that Sh. Narayan Rane ji, Hon'ble Minister for Micro Small and Medium Enterprises called Chamber of Indian Micro Small & Medium Enterprises (CIMSME) today at his office, Udyog Bhawan New Delhi to discuss about the suggestions on “Solutions for Delayed Payment to MSMEs”. The suggestions were studied very carefully by Hon’ble Minister. It is matter of great pleasure that he has agreed on most of our suggestions and appreciated most of them.

To watch recording of the webinar click on the link https://youtu.be/-dAdeP6kG9E 

To watch recording of the webinar click on the link https://youtu.be/wDfjPrxX4e8

To watch recording of the webinar click on the link https://youtu.be/QsETpHZdwzI 

To watch recording of the webinar click on the link https://youtu.be/_-kZdwLkF9I

To watch recording of the webinar click on the link https://youtu.be/Eni6vEop77Y 

To watch recording of the webinar click on the link https://youtu.be/pu5Hfosf8uI 

To watch recording of the webinar click on the link https://youtu.be/2wFqtNk9w88 

To watch recording of the webinar click on the link https://youtu.be/tT5DVvP0pdU 

To watch recording of the webinar click on the link https://youtu.be/v-QuRkAYZ9k 

To watch recording of the webinar click on the link https://youtu.be/FePtRcjz0Vw 

To watch recording of the webinar click on the link https://youtu.be/QxDtoBW_ZAs

To watch recording of the webinar click on the link https://youtu.be/6Zv3aWDqzBA 

To watch recording of the webinar click on the link https://youtu.be/CNC6u3vErEU

To watch recording of the webinar click on the link https://youtu.be/YxMucoM0-O0 

To watch recording of the webinar click on the link https://youtu.be/H1V_5P2DxEs 

To watch recording of the webinar click on the link https://youtu.be/hHeKuCtA6Ds

MSME Banking Excellence Awards-2015 held on January 18, 2016 at FICCI Auditorium, New Delhi. Chief Guest Shri Piyush Goyal, MoS, Power, Coal and New & renewable Energy. Guests of Honor Shri Mukhtar Abbas Naqvi, MoS Parliamentary Affairs and Minority Affairs; Dr. Sambit Patra, National Spokesperson, BJP; Chiefs of the Banks were present to receive the awards