Current Affairs - Banking - Discussion

The State Bank of India (SBI) has launched a Centre of Excellence for MSMEs at its State Bank Academy in Gurugram. This initiative is aimed at strengthening the MSME ecosystem by focusing on skill development, innovation, and knowledge sharing. It will provide significant support to MSME promoters, startups, and other stakeholders in the sector. Moreover, the Centre of Excellence is expected to foster collaboration between academia, industry, government institutions, and banking professionals. By doing so, SBI is contributing to the growth and sustainability of the MSME sector, which is a vital component of India’s economic development and employment generation.