Activities Round Up

Date : 19 Apr to 20 Apr 2016
Place : Bangalore and Chennai
Organised by : FISME

Training programme for MSMEs in Bangalore and Chennai on Credit Information Bureaus by World Bank Group and FISME

The World Bank Group joined hands with Federation of Indian Micro and Small & Medium Enterprises (FISME) to organise a 5 city campaign wherein experts from WBG would talk the growing importance of credit information in today’s global business operations and about the functioning of the credit information bureaus operating in India.

After the success of the first programme in Faridabad, similar events were organized in Bangalore and Chennai.

The programme in Bangalore was organised in association with Federation of Karnataka Chambers of Commerce & Industry (FKCCI)

Sri. Tallam R. Dwarakanath, President, FKCCI in his inaugural address referred  to the developed economies and said overseas credit information  is not only an important tool for sourcing credit but also plays an important role in deciding the rate of interest. He further urged the participants to maintain a good credit score for easy processing of their loan applications.

Later Mr. Anil Kumar and Mr. Ashutosh Tandon representing the World Bank Group made a detailed presentation on the credit information system and the functioning of the credit information bureaus, particularly the Credit Information Bureau of India Limited (CIBIL).
The programme in Chennai was organised in association with Tamilnadu Small and Tiny Industries Association (TANSTIA) on 20th April 2016 at Hotel Hablis, Chennai.

Sri. C.K. Mohan, Senior Vice President, TANSTIA presented the inaugural address.
With the help of examples and case studies the presenter explained the participants how the credit information system works and how a loan is approved or rejected based on the reports and scores generated by these Credit Bureaus.
Mr. Mukesh Kalra, Joint Secretary (International Trade), FISME gave the vote of thanks.