<p style='text-align:justify;'><b>ASSOCHAM Southern Presents Webinar on MSMEs Conclave 2021, Reigniting Growth Engine 
      for MSME in Karnataka, on 23rd March 2021, at 3pm to 5.30pm.</b></p>
      <p style='text-align:justify;'><b> Panels</b></p>
      <p style='text-align:justify;'><b>Shri. G Kumar Naik, IAS, Additional Chief Secretary, Department of MSME, Mining & Textile, 
      GOK.</b></p>
      <p style='text-align:justify;'><b>Shri. G R Akadas, Director, MSME Development, Institute, GOI, Bengaluru</b></p>
      <p style='text-align:justify;'><b>Dr. Charan Singh, Chairman ASSOCHAM National Council for Banking and Chief Executive 
      Egrow Foundation</b></p>
      <p style='text-align:justify;'><b>. RK Singh, General Manager, MSME Division, Canara Bank</b></p>
      <p style='text-align:justify;'><b>Shri. Sagar Agarwal, Co-Chairman, Karnataka State Development Council & Sr. VP, Transystem 
      Logistics International Pvt Ltd.</b></p>
      <p style='text-align:justify;'><b>Shri. Ullas Kamath, Joint Managing Director, Jyothy Laboratories</b></p>
      <p style='text-align:justify;'><b> Shri. Jacob Crasta, Chairman, CM Envirosystems Pvt. Ltd & Lsquare Eco-Products Pvt. Ltd</b></p>
      <p style='text-align:justify;'><b> Shri. Krishna, General Manager, Marketing, HAL</b></p>
      <p style='text-align:justify;'><b> Moderaor Shri. S N Ranga Prasad, Consultant & Former
     Director, MSME Development Institute</b></p>
     <p style='text-align:justify;'><b> Welcome By Shri. Suvin Narayan ASSOCHAM, Bengaluru</b></p>
      <p style='text-align:justify;'><b> Setting of Context by</b></p>
      <p style='text-align:justify;'><b>Shri . Sagar Agarwal, Co-Chairman, Karnataka State Development Council & Sr. VP, Transystem 
      Logistics International Pvt. Ltd.</b></p>
      <p style='text-align:justify;'> Welcomed all speakers from govt. and Industries, MSME is the back bone of our country 
      contributing by 35% of GDP. And Govt. initiate supporting the MSME and Funds and through 
      awareness program which can be govt initiative or through industry initiate and todays if the one 
      of the ASSOCHAM initiate to the MSME benefits for their growth. Having Agency assisted the 
      govt. or from Industry Association which can support all the MSME starting from documentation 
      to the end of benefit and should get technical support to get those benefits to their growth. 
      Technology upgradation and adapting digital development is most in today&apos;s business 
      environment particularly in post pandemic.</p>
      <p style='text-align:justify;'> In the development aspect of MSME or the Industry in the business environment we need to 
      upgrade our technology and transform into digital system. </p>
      <p style='text-align:justify;'><b>Panel</b></p> 
      <p style='text-align:justify;'><b> Inaugural Address by Shri. G Kumar Naik, IAS, Additional Chief Secretary, Department of 
      MSME, Mining & Textile, Department of Commerce & Industry, GOK</b></p>
      <p style='text-align:justify;'>Thank you ASSOCHAM, MSME Conclave hence important in the context of a New challenges and 
      imposed by Covid-19 both health and economy distraction by pandemic. MSME sector in 
      Karnataka and in India a second largest employment after agriculture sector and acts as breeding 
      ground for entrepreneurs and its continuous support in strengthening business ecosystem. 
      Survey report shows disruption caused by Covid-19 have impacted MSME earnings between 20 
      to 50%. Micro and Small entrepreneurs faced the maximum heat mainly due to Liquidity crunch.
      Non-essential Commodities towards the essential commodities in the production of Hand 
      Sanitizer toiletries, PPE Kits and Masks were able to survive at tough times. In fact our ability to 
      ramp up of all these needed essential commodities during the pandemic has earned lot of 
      appreciation across the world. MSMEs present in remote areas facing lot of difficulties due to 
      interrupted supply chain systems interstate lock down. We have dedicated officers during these 
      covid times to ensure as much as possible supply chain is not disturbed. Innovation and change 
      in strategies MSMEs have been able to demonstrating the strength and raising to the occasion 
      for the kind of response we have in the pandemic. MSME is growing sector in the Karnataka 
      industry and occupy a prominence space in the economy. Karnataka Manufacturing and vibrant 
      Exports have earned worldwide price and Karnataka manufacturing sector contribution during 
      2018-19 was 14.46 while national average is 14%. In 19-20 the state govt. has approved even 
      during 1081 MSME projects with 14.90 crore investments which should generate nearly 50,000 
      employment. Credit flow and availability is major issue which need to create awareness among 
      the MSMEs. The state govt. has come to the rescue of MSMEs during pandemic year with the 
      new Industrial Policy 2020-25, with special incentives to the MSMEs for new investment in the 
      form of Investment promotion on term loans subsidy interest subsidy to the Lands, Stamp duty 
      and registration concessions etc. It provides the 15% price difference to local MSMEs in public 
      procurement. Reservation of 20% local MSME. During pandemic state govt. has waived of fixed 
      deposit of electricity demand charges during lock down period and postponed KIADB and KSSIDC 
      3 months and introduces the flexible labor loss. Covid in fact pushed certain innovation into 
      technology and much needed reforms and state govt released 140 crores to the 500 MSMEs 
      pending from 3, 4 years and land subsidy of 120 crores to SC/ST Entrepreneurs. State govt. 
      Infrastructure development 43.7 Crores released for the development of critical Infrastructure 
      works through KSIIDC in 25 industrial estates. Also State Govt. released 75.84 crores pending 
      market development assistance payed incentives to Khadi Societies, pending from last 5,6 years. 
      17527 has been benefited for Khadi and Weavers and these is the concerned shown to MSMEs 
      sectors from State Govt. The State govt. constituted the State Level Task force and the 
      chairmanship of Director and to monitor the effective implementation emergency credit line to 
      the guarantee schemes to provide 20% loan to MSMEs as a result 1 69,280 units have got the 
      sanction of Rs. 6,000 Crore in our State. In the review of Banking eternity Karnataka state has 
      done well compare to other state must be in top 2 or 3 in the extension of banking support to 
      the MSMEs. Karnataka CM has announce in the recent Budget 21-22 govt. is committed to the 
      industrial sector particularly Peenya Industrial Area with necessary Infrastructure development 
      with an expenditure of 100 Crores. Chief Minister also announce of Mega integrated Town ship 
      in Bangalore - Mumbai and Bangalore Industrial Corridors minimum 500 acres of Land at each of 
      this places utilizing the available opportunities will be developed with PPP model with the 
      expected investment of Rs. 10,000 Crore in the next 3 Years with expectations of employment of 
      5 lakh.</p>
      <p style='text-align:justify;'><b> Panel</b></p>
      <p style='text-align:justify;'><b>Dr. Charan Singh, Chairman ASSOCHAM National Council for Banking and Chief Executive 
      Egrow Foundation</b></p>
      <p style='text-align:justify;'>Thank you ASSOCHAM, at the ouset impressed addressed by Shri. Kumar Naik, regarding the 
      Karnataka State govt. taking initiative and supporting MSME Sector. With 8 lakh MSME Sectors 
      in Karnataka in India out of this 3 Lakh are in Bangalore. In the polices announced by govt. was 
      very good 12500 acres of land identified in National Investment and Manufacturing Zone project 
      needs to be revived it generates lots of employment. Understanding the estimates are to 
      generate 2.6 lakhs jobs. Under the Karnataka Industrial Policy 2025 the stress of special 
      investment of region act which support industrial town ship and corridor needs to be developed 
      fast and in peenya Industrial area has 8500 units with a large industry in the cluster in the lock 
      down 80% of MSMEs were shut down even MSME has mortality rate but 10% may not open and 
      that is the real concern and how do they survive. Happy to see the passing 25 Policy in that easing 
      regulatory and process of land acquisition. The concerns all over India and Karnataka too GST 
      Compliance and stress on weak payments and the key industrial that is operational Automobile, 
      Power, Machine Tools Aerospace, Defense, we need to be strengthen them. Why can&apos;t Karnataka 
      have cluster approach with that MSMEs will be covering their cost in a way efficiently by using 
      the resources given the cost the cluster takes care of the Infrastructure. Single window approach 
      at the district level the eject model is good everything in one single roof and one application and 
      in day with in 6 to 8 hours the approval has to be given. Karnataka also support Micro Enterprises 
      in a very big way. India Landscape is concerned the use of Fintech will be very important and 
      Karnataka is the IT Hub can serve great purpose in incentivizing attracting and promoting Fintech 
      companies which would engage Artificial Intelligence, Machine learning integrating all these with 
      the Banking sector that is one area ASSOCHAM can play a role attracting and identifying and 
      seeking Karnataka govt. support. The revival growth has taking place and normalcy has to take 
      place and MSME sector has hit badly because of the employment generation sector immediately 
      after Agriculture needs to be supported at every level. The Non-Banking Finance Companies has 
      to play a big role have set back in our country during this time the finance companies in Karnataka 
      has carefully reviewed to find out the bottle necks in financing the MSMEs. NBFC do the last mile 
      go where the Banks don&apos;t reach and banks may have various schemes but through the NBFC the 
      banking industry has to reduce the rate of interest at least for certain type of loans for MSMEs 
      and extend the credit. Banks are extending credit through MUDRA Loans and still have scope to 
      NBFC to play a role. Peenya industry faces a financial literacy according to survey a way years 
      back is still a challenge. So along with SIDBI and Commercial banks ASSOCHAM can play a role 
      banking penetration into the MSME sector need to be strengthen. While govt. taking various 
      initiatives to ensure the revival of the sector MSME sector has to play a role. Financial literacy 
      from the banking industry has to work far more extensive so MSME are able to rights of books of 
      accounts properly. So the relationship of banks and MSME has to be strengthen the balance 
      sheet and accounting practices at the MSME level also to be strengthen. ASSOCHAM can come 
      with modules for the MSME segment educating them in the local languages about the challenges 
      and to address the challenges. The startup standup initiative support from GOI SIDBI supports so 
      may be Govt. can use the Chinese modules can give holidays in terms of infrastructure and in 
      terms just in time technology. Thank you.</p>
      <p style='text-align:justify;'><b> Q: Moderator Shri S N Ranga Prasad, Consultant & Former Director, MSME Development 
      Institute on Making MSME Self-Reliant in Karnataka</b></p>
      <p style='text-align:justify;'><b> Panel: Shri. Ullas Kamath, Joint Managing Director, Jyothy Laboratories</b></p>
      <p style='text-align:justify;'> Thank you ASSOCHAM, all MSMEs are not doing well, but 30% are doing extremely well as they 
      need no help and they are earning very well and for also their employees and even won&apos;t attend 
      any conclaves as they are busy in producing their goods and services and they are busy in 
      growing. We need to focus more on who started their company with lot of hopes, they have 
      created some facility to produce certain goods and services by taking some loans with maximum 
      of 100 jobs. In this new schemes we have in that we see most of the MSMEs especially Small and 
      Micro entrepreneurs work for hand to mouth business they buy on credit and sell on credit and 
      in between bridge the gap by borrowing the money from the known and un known sources on 
      their personnel capacity in this the balance sheet will not be sound it should have been otherwise. 
      Today&apos;s MSMEs are in need every kind of teaching in skill, Technology, without to raise the Capital 
      or how to raise the Loan or to get the Market access and the latest technology available product 
      they should in. The present and Future could be different and we are going to be the past and 
      lot of things are happening on consolidation basis we need to adopt quickly to the new normal. 
      So these small and Micro entrepreneurs should understand the market need and learn to adopt 
      to change and must factor is they have to learn to access technology to grow further and should 
      be able to negotiate the need of the market to get orders. Some of the big buyers are govt. 
      agencies while govt. releases the money not in time (Few Day&apos;s) that affects the working of the 
      company. Primarily MSME In the next 5 to 20 years has to look into the Business model, the 
      measures, Quality Control they have and the way they have procured the material they have 
      supply and terms and condition they are suppling the materials about margin and tax compliance 
      they are. How strong the balance sheet is and today at 8% are able to raise capital and make 
      money. Every Industry associations have to come forward together to ensure to make 
      understand the MSMEs the schemes of the State govt. and at the end of the day its important 
      how the growth of the business. We need to talk to categories the industry wise we need to hold 
      the hand in such that they are back into the business so more meaningfully with all employees 
      and profitability also and all the govt. policies are good and meant for industrialist to start the 
      unit and get the best of it. So request to educate all MSME members of the schemes available in 
      the govt. and also request the govt. to release the fund with in 15days or else it is difficult to run 
      the business. Banks are concerned they need educate the MSMEs on all aspects from borrowing 
      to maintaining the balance sheets strong and ensure the take benefits are available from the 
      govt. and ensure to use the latest technology with a Fntech and innovation is the future because 
      the bottom line and top line will grow. Request to work together to give a meaningful direction 
      for MSMEs putting our thoughts together we can guide them to ignite to the next growth level 
      in Karnataka. Thank you.</p>
      <p style='text-align:justify;'><b>Q : Moderator, on MSME Public Procurement Policy by PSUs</b><p>
      <p style='text-align:justify;'><b>Panel: Shri. Krishna, General Manager, Marketing, HAL</b></p>
      <p style='text-align:justify;'>Thank you ASSOCHAM, presently HAL is 23,000 Crore annual Turnover and we are first group at 
      the reasonable rate thanks to the development of indigenous platform and thanks to policy of 
      GOI, like Athma Nirbar Bharat like indigenous or in house products are been supported the recent 
      order 83ca the light combat Aircraft and also many more to come like combat Helicopter and 
      basic trainer 30 40 which all developed indigenously they are going to support our vision for the 
      growth. The suppliers and partners of HAL vendor base like MSMEs to facilitate from the core 
      competency who can do the job in efficient, productive and cheaper way. It&apos;s our duty to hand 
      whole encourage and get the things done for the platform we are working for and ultimately 
      being a designer and integrator so what all we see from outside of Tejas Aircraft it&apos;s all been out 
      sourced from different companies and they supply and we integrate to admit the numbers we 
      will be getting the more number out sourced companies, Nearly 40% of our turnover is value of 
      procurement and presently we are importing the raw materials. Regarding The procurement 
      policy, we are guided by the govt. policy to mention some of the guidelines for MSMEs are the 
      25% of the domestic procurement from Micro and Small Industries enterprises we are supposed 
      to procure it and presently we are operating at 28%. Purchase preference are given of 15% and 
      provision of Waiver of EMD, Tender fee and criteria of prior experience and credit turn over with 
      the expected technical specification will be waived off. We need to be supported financially to 
      make. This since we are able to ensure payments are in time efforts. There are procedures and 
      all in the way, but there is continuous efforts in improving the situation. 15% of industry advance 
      payment can give to micro and small enterprises with 30 days of receive and acceptance 
      comparison to earlier days the things are improving there are certain internal mechanism vendor 
      cell and there are trade receivable discounting system platform facilities where the supplier can 
      intense this receivables through this system. Any payment related enquiry or grievances there is 
      SAMADHAN portal available to address the question can be posted and the action are taken on 
      that these are the some of the guideline to support the small and micro entrepreneurs and some 
      are applicable to the major MSMEs rather. To highlight the policy of outsourcing and getting the 
      things outside the supply chain this is the major boost for the growth of the vendors or small 
      industries and the orders increasing on public sector and the policy of out sourcing it definitely 
      going to help the industry and they are becoming the partners in the business industry of the 
      nation. There are many more schemes supporting the MSMEs and Startups continuously rolled 
      out like solo moto proposal which was not there in earlier days and then make to perfect offer 
      to the supplier and will be evaluated only after technically proven all though there are 5000 Crore 
      MSMEs in India is catered to different sectors. With the challenges in this field the technical 
      complexity very tough material to machine low volumes because the platforms are done in few 
      numbers and there are also success stories of small firm grown to big firms ultimately 
      transforming business into exporter because having a successful order from any PSUs that give a 
      readymade qualification for being a supply chain partner to the global customers. There are 
      various packages In the State Govt. and also Aerospace policy announced by Karnataka Govt. in 
      February 21 and more than 65% of Defense Exports are coming from Karnataka 67% of aircraft 
      related production also from Karnataka and it is a huge vendor based aviation State the very fact 
      that the Aero India is held in Bangalore speaks about the opportunity and Eco System where it 
      attracts all the major global players so all this in place awareness to the MSMEs and availability 
      of the opportunity and support from the govt. will make the difference for their growth and our 
      effort is that we are all ready to join hands with the agencies which are supporting the vendor 
      base or supply base as it is a Win Win situation while we are helped by implementing our 
      productivity it is we are helping the nation by developing the eco system as a go for the Defense 
      Industry. Thank you</p>
      <p style='text-align:justify;'><b> Q: Moderator, on Growth & prospects of MSMEs after Post Budget</b></p>
      <p style='text-align:justify;'><b>Shri. Jacob Crasta, Chairman, CM Envirosystems Pvt. Ltd & Lsquare Eco-Products Pvt. Ltd</b></p>
      <p style='text-align:justify;'> Thank You ASSOCHAM, let take the scenario after demonetization we have got many budget on 
      30th May by PM and after I year of announcing the 3 lakh crore from Current Finance Minister 
      and have released only i.8 lakh crores and these is the apathy MSMEs are facing. Has given 20% 
      of this on the outstanding of 29th February 2020. If at all any unit have some payment on they 
      are not eligible. On the 29th Outstanding only those 20% have been paid Unit is suffering on the 
      record we say 8,500 crores of units but it is actually 11,500 units are there in our country. What 
      are the money they are trying to get from the bankers or for different issues because they want 
      to survive and that is the real factor and budget at this time should be more and we can have a 
      helping hand. Today bankers are harassing the MSMEs for the loan they have borrowed for the 
      delay in EMI payment and the GOI has announce that if there is any due in payment it gas to be 
      converted into working capital and it has to be rescheduled and all the facilities are available for 
      the bankers to do it and now lot of pvt. Banks are helping hands for MSMEs by giving loans. And 
      they don&apos;t follow the credit rating and they know that MSMEs are back bone for our economy 
      and slowly this Pvt. Banks took over from public sector banks on funding for the MSMEs. If we 
      talk on Ease of doing business Karnataka was in the 2 or 3 spot during 2001-2 and today we are 
      in 17th position who is responsible for this and what is given to the MSMEs from state govt. for 
      the MSMEs growth. To grow prospectively they required money and banks are not coming 
      money at this time govt. should support and start releasing money from the agencies. The 
      allotted money for peenya industrial area are spent only 3o% and rest used elsewhere. And there 
      is no proper infrastructure and waste management and if they treat the MSMEs is like this and 
      they think somehow they move and it will be very disaster stage. So when there is stream line 
      for the growth and we are filling GST and govt. are getting crores of money and so they have to 
      flow some amount of money for the infrastructure and should appoint an undersecretary IAS 
      officer to look into this issues for the Industry growth. In Karnataka 93 to 95% MSMEs are outside 
      the industrial area and only 6 to 7% are in industrial area MSMEs are somehow are the other they 
      are running the business at today&apos;s situation as we all say it is the survival is the fittest. So request 
      govt. to take this issues seriously at least now and to act fast for the growth of MSMEs, Thank
      you.</p>
      <p style='text-align:justify;'><b>Q: Moderator on Central Govt. Policy for MSME and Schemes.</b></p>
      <p style='text-align:justify;'>Shri. G R Akadas, Director, MSME Development, Institute, Bengaluru, Ministry of MSME</b></p>
      <p style='text-align:justify;'>Thank you ASSOCHAM, we are seeing lot of change in MSME the way they are operating and 
      there was portal at the pandemic time last year to hear the grievances operating from 8am to 
      10pm even on holidays and portal works live and monitored by secretary in New Delhi and even 
      this portal is been continued and almost 1000 cases were handled and at the lock down it was 
      mostly on logistics and passes and now mainly on rejection of loan application and emergency 
      credit. So we are happy to say that we are able to settling this issues and by reaching the 
      concerned departments and trying to sort there problems and try to find solutions. The financial 
      literacy is the most needed at this hour or this time and many of the entrepreneurs we are 
      interrogating we understand the financial literacy in results in bankers rejects the loan 
      applications. Most of the genuine enterprises need the guidance so we stared organizing a Loan 
      Mela and also we are continuing now and bankers are teaching the prospective entrepreneurs 
      how to take the loan what are the requirements and we also help bankers by identifying genuine 
      entrepreneurs who really need loans. Most of the times the banking clause doesn&apos;t allow to fund 
      Startups. So we need to focus of Financial Literacy. So govt. needs to focus on tier 2 and 3 Cities 
      on priority on the infrastructure development and other facilities. Because the working 
      atmosphere is better there and also availability of man power. MSME Industry we are carrying 
      with our existing schemes and skiil development and management development has started and 
      Flagship pilot schemes and North Karnataka is leading in cluster development schemes and south 
      Karnataka is lacking nearly 4 to 5 times in cluster performs. The cluster are the future economies 
      because China economy has developed in this concept. Govt. is also implementing One district 
      one product and govt. also have identified some districts and one has come near Chitradurga and 
      almost it is ready and Millet cluster in Davanagere which is going to come up and in future these 
      clusters will play a major role. Digital MSME is yet to be launched in which we are creating Cloud 
      Infrastructure for the use of MSMEs at the very nominal cost hoping to launch soon. Digital 
      Manufacturing is already started the innovation is going on rapid level as we need to protect the 
      intellectual property so department has come with lot of schemes and subsidies for registering 
      the Trade Marks patents National and International. So entrepreneurs required to know the 
      schemes allotted by GOI and so many people are not aware of it and we are doing promotion of 
      this schemes regularly. Earlier we need to reimburse the cost of ISO and now it has discontinued 
      from last 2 or 3 years and govt. has come up with certification called ZED Scheme and now the 
      scheme has been simplified has already launched and it&apos;s the need of the hour the quality has to 
      improve and design expertise for manufacturing sector it is out of reach for MSMEs because the 
      cost is involved in this so under this we provide subsidies for the design expertise on the central 
      of excellence has been set up in IISc Bangalore so MSME can apply online so their ideas will be 
      assisted financially and technologically the inputs will be given by faculty of IISc. Last year 25 
      projects are finalized so depending on the projects available Ministry is doing lot of Financial 
      Support for the design expertise. Marketing on PMS where associations can apply for financial 
      assistance for organizing the State or National Level exhibitions. Finally Technology System 
      Program earlier we had 18 centers and now upgraded to world class another 15 new centers with 
      the help of investment 150 to 200 Crores in each technology centers on and one which is already 
      in Bangalore. So hope entrepreneurs will take the advantage of this specialized centers. MSME 
      testing center has been set up providing testing facilities at a nominal cost, Bangalore has a 
      testing station and these are the brief schemes which are been going on an better going of Central 
      and State govt. so that the schemes will be implemented properly. Thank you.</p>
      <p style='text-align:justify;'><b>Panel Topic on Financial Resilience</b></p>
      <p style='text-align:justify;'><b> Shri. RK Singh, General Manager, MSME Division, Canara Bank</b></p>
      <p style='text-align:justify;'> Thank you ASSOCHAM, hoe to build a financial resilience for MSMEs even before pandemic and 
      after the pandemic it has become very important area just to ensure and one of the critical aspect 
      of Indian economy that is MSMEs sector. Hence they are supported the resilience is there in 
      system for MSMEs to sustain and continue to play a role not only in employment but also play 
      vital link between in one sector of big business supply to big industries working as small traders 
      or manufacturers or semi sector this has become very fiscal part not only to the govt. to the entire 
      society to ensure that MSMEs functioning that provided every support they require and financial 
      support is a major challenge the MSMEs are facing now. The support given by GOI and the 
      support given by banking sector also but somehow the support may not be adequate to provide 
      the assistance to all the requirements or particular to all the sector who are badly affected by 
      this pandemic. Before to covid or post covid some the recommendation are valid moving into 
      infrastructure bottle necks with the help of the State govt. or the Trade Associations so MSMEs 
      are provided by good support and Technology hub based support and R&D may require in the 
      cluster in the cost effective manner to get the benefit of finance and that is one part of cluster 
      approach and helping in resilience of MSME sector. If the MSMEs are finding the supply for their 
      product with buyers in the market and not having an individual MSME units in that way also 
      helping them in difficulties times. Certainly resilience will be available to those MSME units to 
      the greater extent. MSMEs are getting into B2B segments in most of the times like direct 
      approach to the end use customs are limited so for MSME units are concerned the dependent on 
      other business for selling their products the problem of getting timely payment is always there.
      Whenever the problem comes we all know in any business they will try to block the payment 
      from their suppliers and it hits hard on MSME sector. The platform which remains help online 
      credit platform for like reverse factoring and all the association should encourage MSME units 
      and MSME suppliers should register more on platforms and they are not exactly not depending 
      the money from buyers and will be very cost effective at the bidding platforms. So technology 
      based platforms are there for the MSME units that may help the cash flow and not affected to 
      the extent by blocking the payment by their buyers. Certain decisions has been taken by the govt. 
      on GST the big change in MSME the way they used to do business and in the bankers point of 
      view or Finance point of view how MSME is playing a big role in GST there is always challenge to 
      fund MSME on cash flow or the banking was the content on balancing approach and we also 
      know the balance sheet is not a strong aspect in MSMEs. As a banker we know that there is harine 
      verity in the unit they have good product and their products in demand at same time balance 
      sheet weakness is there and there was not a much validated source where we can understand 
      what exactly would be the sales history at the particular unit. So to the large extent the problem 
      is solved and bankers are in better position to understand and relay upon cash flow from MSME 
      unit and small and micro units as we are in present guideline from GST requirement but given 
      the opportunity should also try to come on GST board they can have a sort of very authentic data 
      available so they can approach for their Finance for the business. Other initiative taken from GOI, 
      PSU 59though in a development stage the way it is happening the type of solutions providing to 
      MSMEs. And also providing platform to lot many banks and financiers are available so they can 
      approach without moving from there office they can get approvals and Interest is up to for 
      financial is very high PSU 59 concerned there are other various platforms for doing the same 
      services and today there are many banks with very competitive rate of interest and this will help 
      MSMEs and this one of the way of getting the finance to this sector. The GOI schemes will help 
      MSMEs like targeted Schemes Standup India and banks also runs various schemes from Canara 
      Bank side regarding the GST part we are having good scheme called Canara GST up to 25% once 
      they file GST we will straight away will provide working Capital Finance and cluster based 
      approach we are offering the competitive interest to the MSME units and they should have 
      disciplined approach by keeping books and documents in a tidy manner it gives lot of confidence 
      to any financer and MSME will become strength while approaching for finance. Adoption to 
      technology is very important because while making or accepting payments need more towards 
      digital platform that will help mot only cutting the cost but also digital foot prints and can access 
      all digital payment transaction history by any financer when they are in need credit facility. 
      Particularly we are helping MSME in whatever the manner and we are in good presence what are 
      the units they have in any parts of Karnataka we are committed to help MSME in Karnataka as 
      well in Pan India Level. Thank you.</p>
      <p style='text-align:center;'><b> Conclude......</b></p>