What is BFSI?

BFSI stands for Banking, Finance, Securities, and Insurance. It includes all the services related to money, banking, loans, investments, and protection against risks. This sector plays a big role in supporting small and medium businesses by offering financial help and advice.

Support for MSMEs

Banks and financial institutions under BFSI offer loans, credit facilities, and funding options to MSMEs. This helps small businesses to grow, manage their daily operations, and invest in new opportunities. MSMEPCI also guides businesses on how to apply and benefit from these services.

Insurance Services

Insurance is important for protecting businesses from risks like accidents, fire, theft, or losses. BFSI includes various insurance companies that provide health, life, and business-related insurance. MSMEs are encouraged to secure their businesses with suitable insurance plans.

Financial Literacy and Awareness

Many MSME owners are not fully aware of how banking and finance work. BFSI promotes financial literacy by educating entrepreneurs about saving, investment, loans, and government schemes. MSMEPCI conducts workshops and sessions to help them understand better.

Connecting with Institutions

MSMEPCI connects MSMEs with banks, NBFCs (non-banking financial companies), insurance providers, and stock market experts. This helps in creating partnerships, getting funding, and growing businesses in the right way. A strong BFSI network means better business opportunities for MSMEs.