With the aim to boost MSME business, Yes bank has recently launched MSME ‘Scale-up’ series, a unique Industry-Academia collaboration to skill up MSMEs. The initiative is aimed at boosting MSME business by educating them on latest manufacturing technologies, global best practices and innovative finance management. Here Yes bank will work with MDI (Management development Institute) Gurgaon as its Training Partner and Spark Minda, a global entity in automotive components.
YES Bank has been working closely with MSMEs across India to handhold them in scaling up operations to become globally competitive, under its flagship MSME initiative ‘Say YES to Sustainable MSMEs in India’. Last year, the bank launched ‘YES GST program’ to help MSMEs understand the impact of changes and prepare them for migration to the new GST tax system.
Till date, the bank has conducted 112 awareness workshops, thereby impacting 9,500 MSMEs through the program. Besides this, the bank recently launched YES GST, an industry first GST backed over draft facility for MSMEs, for faster and hassle free access to working capital finance.