A customer awareness session on government subsidies for the micro, small and medium enterprises (MSMEs) was held at Narasaraopet main branch of Andhra Bank.
Speaking on the session, N Sai, Chief Manager, Andhra Bank, explained about the importance of MSMEs in the Indian economy.
He also advised budding entrepreneurs to utilise various subsidies provided by the Central and State governments for the establishment of industries.
Financial sector counsellor Vijay Kumar and field officer Ashwin also spoke during the session about the importance of MSMEs. The government has various schemes like MUDRA, CLCSS, etc., for the sector.