The Bengal Chamber organised the Loan for All Conclave on 3rd February 2016. From past few years with the significant rise in the service sector the definition of middle class in terms of wealth has changed completely. Ranging from car, home, or any dream products which was beyond reach of a middle class man has been made affordable to them via various loan schemes. Gold as an instrument of alternative funding source has been identified. There are bonanzas, special offers, tie ups with direct manufacturers and various strategies of PSUs which have been instrumental in increasing their market share. PSUs have also played a major role in financing Large and Mid Corporate Players along with private Bankers and NBFCs. With the changing global scenario and rapid changes in Indian economic policies how the PSUs, private bankers, and NBFCs would strategize their investment decisions and align the same with large and Mid Corporate players’ perspective? According to a recent statistic, 33% of companies operating in the Micro, Small and Medium Enterprises sector have access to banks and financial institutions, while the rest remain excluded and are compelled to raise money through informal channels. Till date, banks and NBFCs have not been able to finance this debt gap effectively. SME loans are a very crucial area where NBFCs have thrived with low NPAs. The Private Banks, Financial Institutions (FIs) and Non Banking Financial Corporation (NBFCs), Angels and Venture Capitalists should also come forward and take the responsibility to help the Start Up Ventures with easy and cheap credit within strict timelines and enabling schemes for their adequate growth.

Mr. C S Ghosh, Vice President, BCC&I and Founder, MD and CEO, Bandhan Bank and Ms. Padmaja Ruparel, President, Indian Angel Network graced the occasion, as the Guests of Honour. Mr. Eric Anklesaria, Partner Management Consulting, KPMG shared his views as the Conference Chairman. The summit also witnessed the deliberations of eminent speakers like Mr. U S Roy, Former Deputy MD, SBI, Former MD, SBI Life and Director, IndiaFirst Life Insurance; Mr. Arun Kumar Verma, General Manager, Canara Bank; Mr. Ashim Bhuyan, Regional Manager, LIC Housing Finance Ltd.; Mr. N K Bhattacharya, General Manager, Syndicate Bank; Mr. J S Rama Rao, Assistant General Manager, Andhra Bank; Mr. Mainak Banerjee, Senior Manager, Bank of Baroda and Ms. Banashri Guha Neogi, Senior Manager, Bank of Baroda.