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Indian Bank launches mentorship program ‘MSME Prerana’ in Odisha



 Indian Bank launched its flagship program ‘MSME Prerana’ in Odisha on Tuesday. ‘MSME Prerana’ is a novel, unique and innovative business mentoring program, first of its kind to empower MSME entrepreneurs.

Developed in collaboration with Knowledge Partner, Poornatha & Co, ‘MSME Prerana’ is Indian Bank’s unique initiative to empower MSME entrepreneurs by improving their managerial and financial skills through 12 sessions of web-based training spread across the program period. As an effort to bridge the current skill set gap amongst MSME entrepreneurs, this program is delivered in local vernacular language with the focus being on developing the MSMEs’ Business, Communication, HR and Financial skill set that is necessary to conduct business professionally today.

Thanking Indian Bank for launching the program in Odisha, State MSME Department Principal Secretary Satyabrata Sahu said that it would boost the confidence of the entrepreneurs of the State. “The MSME Department will extend all possible support to this tailor-made mentoring program,” he said while calling upon entrepreneurs to avail of all other financial benefits being extended by the Indian Bank to support them in such challenging times.

“Odisha figures among the top states in terms of MSME units and we believe such programs will ensure further upskilling of our entrepreneurs, thereby empowering them to achieve greater success in their businesses,” added Sahu.

Commenting on the launch, Indian Bank ED VV Shenoy said, “We are excited to expand the ambit of our ‘MSME Prerana’ program to our customers and budding entrepreneurs in Odisha. Our determination to empower MSME entrepreneurs with the knowledge, skill and business acumen needed to excel in this sector, has strengthened further with the ‘MSME Prerana’ program and will strive to educate all participants with the aim of making them self-reliant.”

Odisha accounts for nearly 5 per cent of the total MSME credit exposure of Indian Bank, and has witnessed a 39 per cent growth in FY 2020-21. 

As of March 2021, Indian Bank has an extensive network of 207 branches in Odisha and aims to leverage its presence to provide more assistance to MSME entrepreneurs from various industries like textiles, automobiles, food processing, chemical etc. 

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