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Mumbai: The first day of the IVCA Conclave 2024 in Mumbai featured a panel discussion with , the Chairman and Managing Director of the Small Industries Development Bank of India (SIDBI).

Indian Venture and Alternate Capital Association (IVCA) is a not-for-profit, apex industry body promoting the alternate capital industry in India.

Sivasubramanian Ramann opened by revealing that by committing around ₹9,800 crores or some such number like that, the industry has raised an additional ₹56,00 crore from the market. On the topic of entrepreneurial households, he continued, “It’s truly amazing to read about the sheer entrepreneurship and the industriousness of those households; I have seen it on various trips I make.”

About 2 lakh loans of 1 lakh ticket sizes have been given out, he said adding 75% of these are women borrowers.

He highlighted how women in Tier 2 and 3 regions are becoming economically successful and running businesses that are generating employment. On this, he said, “An unmistakable aspect of human life is when wealth is created, you’ll have everybody going in droves and wanting to be part of that wealth story.”

Industry leaders Munish Sharda, Group Executive, Retail Assets & Bharat Banking, Axis Bank, and Utpal Isser, Co-founder, Sarvagram also participated in the panel discussion, which was moderated by Jyotsna Krishnan, Managing Partner, Elevar Equity. The topic was 200Mn+ Entrepreneurial Households: An EPIC Growth Opportunity.

“In the next 3–4 years, we are looking at the demand for credit from the MSME sector, which is ₹30 trillion, while the entire MSME borrowing on date is ₹25 trillion. So, we are looking at more than double of what we have got. How that throughput goes through is actually the big question that we have to ask for ourselves,” pointed out Ramann.

  • Published On Feb 27, 2024 at 06:30 PM IST

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