Page 13 - Plastics News August 2024
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AIPMA AT WORK
ies to illustrate the benefits of using currency Mr. Pramod Bhuvan from RiverBank Insurance
derivatives. During the Q&A session, Ms. Sharma Brokers provided insights into trade credit in-
answered numerous questions, helping partici- surance and its role in reducing payment risks.
pants understand the practical aspects of cur- He explained the different types of trade credit
rency risk management. insurance and their benefits. The Q&A session
allowed Mr. Bhuvan to clarify doubts and elabo-
Ms. Parvathy Moorthy from NSE discussed the rate on how SMEs can leverage trade credit in-
process and benefits of listing SMEs on the NSE surance to mitigate risks.
platform. She detailed the eligibility criteria, list-
ing process, and the advantages of being listed Shri Praful Umare from the MSME Development
on NSE. The subsequent Q&A session allowed and Facilitation Office gave an overview of vari-
Ms. Moorthy to address participants' queries ous MSME schemes supporting SME growth.
about the listing process and the support pro- He provided detailed information on govern-
vided by NSE. ment schemes and incentives available to SMEs.
During the Q&A session, Shri Umare addressed
Mr. K. V. Srinivasan from Profectus Capital talked specific questions about the application process
about how SMEs can maximize their financial re- and eligibility criteria for these schemes.
sources. He discussed various financing options
and strategic financial management practices.
In the Q&A session that followed, Mr. Srinivasan
provided personalized advice and strategies for
optimizing financial resources.
Mr. Hitesh Sethia from NSE discussed the im-
portance of commodity derivatives in managing
price volatility for SMEs through a very interac-
tive session which caught everybody’s interest.
He explained how commodity derivatives could
help SMEs hedge against price fluctuations.
The subsequent Q&A session was lively, with
Mr. Sethia providing detailed answers and real-
world examples.
Shri Mangesh Wankhade from SIDBI shared fi-
nancial solutions tailored for MSMEs. He high-
lighted various SIDBI initiatives and financial
August 2024 PLASTICS NEWS 13
