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Indian Bank’s ‘MSME Prerna’ launched in Maharashtra

Published on June 30, 2021
Current Context: The Union Minister of MSME and Road, Transport and Highway Nitin Gadkari launched Indian Bank’s ‘MSME Prerana’ program in Maharashtra.
Indian Bank’s ‘MSME Prerna’ launched in Maharashtra
  • The ‘MSME Prerana’ is an Indian Bank’s flagship Business Mentoring Program.
  • It offers novel, unique and innovative business mentoring support and empowers MSME Entrepreneurs.
  • The program will begin from Nagpur and then will be executed in the rest of the cities of Maharashtra.
  • The program will create awareness about various central and states initiatives for MSME sectors. Also, awareness about the initiatives taken by RBI and financial agencies to uplift the MSME sector will be made through this program.
  • The ‘MSME Prerana’ is designed by Indian Bank in partnership with Poornatha and Co.
  • The program will train MSME through capacity building and will conduct workshops in local languages to impart skill development and business understanding ability among the entrepreneurs with the major focus on women entrepreneurs.
  • The participants will be trained with various digital platforms like Udayam Registration, TReDS, MSME SAMADHAN, GeM portal etc.
  • They will be also trained with the understanding of their business numbers, the concept of the balance sheet, cash flow management, managing their business during the crisis time, decision making, communication and leadership skills.
  • The program will further be extended to the states like Andhra Pradesh, Telangana and Gujarat. It was initially launched in Tamil Nadu.
  • Static Part: 
    • HQ of Indian Bank: Chennai, Tamil Nadu
    • Tagline of Indian Bank: Your own Bank
    • MD and CEO of Indian Bank: Padmaja Chunduru

Question: 

Q.1 To which of the following bank does the ‘MSME Prerana’ program belongs, which was launched in Maharashtra by Union Minister Nitin Gadkari in June 2021?
a. Bank of Baroda
b. Canara Bank
c. Indian Bank
d. Union Bank of India
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