SBI sets up MSME Centre of Excellence at Gurugram academy
Why in the news
State Bank of India began a dedicated MSME Centre of Excellence at its Gurugram training academy to strengthen support for small businesses.
Key facts
- Location: State Bank Academy (SBA), Gurugram.
- Focus: capacity building, research and industry collaboration.
- Stakeholders: promoters, startups, industry associations, academia, government, regulators and banking professionals.
Significance
- Encourages continuous innovation and deeper dealings with fintechs and startups.
- Improves access to credit for MSMEs.
- Strengthens SBI’s role as a major driver of MSME growth in India.
- Backs India’s developed-nation vision.
Exam angle
- Bank: State Bank of India.
- Venue: State Bank Academy, Gurugram.
- Sector: MSMEs.