PRIME conducted a free public knowledge session on Bank Loans exclusively for the food processing entrepreneurs of Meghalaya. Mr. Chandan Pathak, Zonal Head of North East Small Finance Bank conducted the session, enlightening the participants on the basics of applying, managing, and repaying of bank loans. There was also a doubt clearing session held at the end of the program, where relevant queries raised by the participants were answered.
The main agenda of hosting the “A to Z of Bank Loans” workshop was to coach and encourage the food processing entrepreneurs to apply and benefit from bank loans for building and growing their businesses, without having to worry about financial aid. It has been frequently observed that the aspiring entrepreneurs, who are still shaping their start-ups need some kind of financial support to scale-up their business. However, they lack proper knowledge on how to appeal for such financial back-up options from the banks. Mr. Pathak explained to them the fundamentals of availing for a loan from the bank.
The session took place both virtually and physically, maintaining all the COVID-19 protocols and will be replicated in Tura soon for the entrepreneurs in Garo Hill.