HDFC Bank and IDB jointly conduct awareness program to promote SMEs

Thursday, 22 October 2020 03:26 - - {{hitsCtrl.values.hits}}

HDFC Bank, with the collaboration of Centre for the Development of Leather Products and Footwear of the Industrial Development Board (IDB), conducted an awareness program with the aim of empowering the grassroots of the national economy.

This program was attended by 125 entrepreneurs who are engaged in leather and footwear industry in various parts of the country recently. This was held at the Centre for the Development of Leather Products and Footwear of the Industrial Development Board (IDB)

The main objective of this program is to partnership with IDB to promote SME loans and other loan products of the bank among their clientele. This program was supported with the participation of officials of Centre for the Development of Leather Products and Footwear of Industrial Development Board (IDB) and officials of the Corporate and Development Finance Department of the HDFC Bank.

During the program the bank made the people aware of the bank’s services and the available credit schemes for SME sector such as Saubaghya and Swashakthi and the participants were informed to make their loan requests to the nearest branch in close proximity to their projects.

Through presentations relating to Swashakthi and Saubhagya schemes, participants received both financial and non-financial knowledge. The valuable contributions presented by the bank includes; market linkage, entrepreneurship development support, financial inclusion and literacy for the SMEs.

The program which included a question and answer session was helpful to discuss the problems of the participants and they were directed to the relevant HDFC branches and district offices of the Small Enterprise Development Division to arrange the necessary services that meet the specialised needs of SMEs.