Credit at reasonable terms for MSMEs

The PHD Chamber of Commerce and Industry will work with Power2SME to plan various communications and marketing initiatives for specific solutions, and offerings that may bring value to the member companies in the Micro, Small and Medium Enterprises (MSMEs) sector.

This commitment was made by PHD Chamber when it signed a Memorandum of understanding (MOU) with Power2SME on 7 January 2020 in New Delhi.

The MOU would facilitate both organisations to help MSMEs in availability of raw material and credit on competent terms.

Dr D K Aggarwal President, PHD Chamber said “we will work together with Power2SME to plan various communications and marketing initiatives for specific solutions, and offerings that may bring value to the member companies.”

Dr D K Aagrwal President, PHD Chamber and R Narayan, Founder and CEO, Power2SME Private Limited signed the MOU.

R Narayan, Founder and CEO, Power2SME noted that the MSME sector is the backbone of India’s industrial landscape.

“Power2SME is committed to addressing the business challenges faced by MSMEs in India by way of providing inputs and services at competent terms,” he assured.

The initiative would provide an opportunity for the MSME sector by way of creating a platform for them to have an option to obtain Material and Credit at reasonable terms, added Anil Khaitan, former President PHD Chamber and Mentor, PHD – MSME Mentoring and Guidance centre. fiinews.com