FM launches Indian Bank’s business mentoring programme ‘MSME Prerana’

Finance Minister, Nirmala Sitharaman has launched ”MSME Prerana”, an online business mentoring programme for MSMEs by state-run Indian Bank. The programme, to be made available in local languages, is aimed at empowering entrepreneurs through skill development and capacity building workshops.

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Important points of the Initiative:

  • Indian Bank has taken an out-of-the-box initiative in launching MSME Prerana which will handhold the entrepreneurs through a mentoring program.
  • The initiative is in collaboration with Poornatha & Co, a firm that designs entrepreneurial development programs in vernacular languages using online web-based interactive sessions and case studies.
  • MSME Prerana will bridge the gap in business skills as well as communication & Human Resource (HR) by providing inputs in simple terms and in the local vernacular.

Important takeaways for all competitive exams:

  • On April 1, 2020, Allahabad Bank amalgamated with Indian Bank.
  • Indian Bank MD and CEO: Padmaja Chunduru.
  • The tagline of Indian Bank: Your Own Bank.

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