SMEStreet, a leading platform focused on empowering Micro, Small and Medium Enterprises (MSMEs), successfully hosted its insightful webinar titled “MSME Finance: Unlocking Growth Potential” on 30 September 2024. of A panel of distinguished speakers provides MSME stakeholders with actionable insights on how to overcome financial challenges and unlock new growth opportunities.

The recorded webinar is now available for viewing on YouTube:
See here

Webinar Highlights:

The webinar featured prominent experts who shared their experiences and insights on key topics related to MSME finance:

● Mr. Deepak Maheshwari, Co-Founder of DealPlexus.com:

Mr. Maheshwari explained how fintech innovations are revolutionizing MSME finance by facilitating access to credit and speeding up the loan process. He provided valuable insight into the role of technology in changing traditional methods of financing.

● Mr. Naresh Verma, Founder of Verma Die Casting and Former President of Faridabad Manufacturers Association:

Drawing from his vast experience in manufacturing, Mr. Verma shared practical tips for cash flow and working capital management, emphasizing the importance of liquidity for MSME operations.

● Mr. P. Uday Kumar, Ex-CMD, NSIC & NVCFL (SRI Fund) Delhi. Currently Member, Apex Committee of BIRAC Equity Funds, Advisor, Government of Puducherry and Advisor, EuroExam Bank:

Mr. Uday Kumar highlighted the important role of government initiatives like CGTMSE, SRI Fund and Mudra Yojana in providing innovative financial support to MSMEs. He also discussed how digital infrastructure (FinTech) and public-private partnerships can be used to create alternative investment funds (AIFs) to expand funding options for SMEs. .

● Mr. Faiz Askari, Founder, SMEStreet.in (Moderator):

As moderator, Mr. Askari guided the discussion, ensuring that key insights and strategies were shared with the audience. He stressed the importance of financial planning, innovation, and leveraging available resources for MSME growth.

Key quotes from the panelists:

Mr. Deepak Maheshwari, Co-Founder of DealPlexus.com:

“Fintech is fundamentally reshaping how MSMEs access finance. By leveraging digital platforms, MSMEs can now access loans faster with minimal documentation and in many cases no collateral. Can be saved.

Mr. P. Uday Kumar, Ex-CMD, NSIC:

“It is very critical time for policy makers to take some strong steps to encourage MSMEs to opt for alternative finance. Venture capital funding, funding through SME IPOs etc. should be encouraged. India’s Broad 10200 No FinTech agencies should be used to double the finance. Penetration from the current 14% and collaboration between the public and private sectors need to be deepened, especially through the use of technology, so that disadvantaged areas To make finance more accessible to MSMEs.”

Mr. Naresh Verma, Founder of Verma The Casting and Active Member of Faridabad Manufacturers Association:

“Cash flow is the lifeblood of any MSME. Delayed payments and liquidity issues can cripple small businesses, so finding practical solutions to maintain stable cash flow is essential for long-term sustainability. Working Capital Management isn’t just about survival—it’s about development.”

Mr. Faiz Askari, Founder of SMEStreet (Moderator):

“This discussion is very important as the MSME sector is the backbone of the economy. Access to finance is one of the biggest barriers to growth, but with the rise of fintech and developing government schemes, MSMEs There are now more opportunities than ever to overcome these challenges and scale your business.”

Key takeaways from the webinar:

1. Increasing financial access:

Fintech solutions and government initiatives are providing MSMEs with more accessible and diverse financing options, helping them overcome traditional funding barriers.

2. Cash Flow Management:

Effective cash flow management is critical for MSMEs, experts share practical strategies for maintaining liquidity and managing receivables.

3. Government support:

Government schemes continue to play an important role in supporting MSME finance, but more collaboration between the public and private sectors is needed to increase their effectiveness.

4. Innovation in MSME Finance:

Digital platforms and fintech innovations such as blockchain and AI are shaping the future of MSME finance, offering faster, more flexible, and scalable financial solutions.

Watch the webinar recording:
To watch the full webinar and gain valuable insights from industry experts, visit the following link:
MSME Finance: Unlocking Growth Potential Webinar Recording

Previous SMEStreet Future Ready Webinars can be accessed here.