ICICI Bank launched SME Knowledge handbook for entrepreneurs

With the change in time one has to update its skills and knowledge to survive and to increase the output.

ICICI Bank in an attempt to help CEOs of small and medium enterprises sharpen their skills and knowledge, and enhance the productivity, on Tuesday in collaboration with Cyber Media, Bank launched a program SME CEO Knowledge Series.

The program has been conceived for providing a platform to the CEOs of various SMEs for interacting with experts of various fields including human resources, finance and entrepreneurship.

For this purpose it has identified groups in 26 cities across the country.

As a pilot program the bank has already conducted the program at a leather cluster in Agra, ICICI Senior General Manager and Global head SME Vijay Chandok told reporters here.

"The SME CEO Knowledge series will enable us to cater to the entrepreneurs at the root level," he said.

Former President APJ Abdul Kalam unveiled the SME Knowledge handbook for entrepreneurs. On the occasion APJ Abdul Kalam said: “The information ... Will be handy in creation of new enterprises, enhancing the productivity of present SMEs, reducing the sickness among SMEs and above all, increasing the throughput of the SMEs significantly."

Senior faculty from IIM-C and bankers along with other experts have been lined in for giving advise to the entrepreneurs on how to raise capital for each stage of business, information about M&A, forex advice etc.

Approximately there are about 13 million SMEs in the country which employ about 31 million people.