Axis Bank has launched the 9th edition of its knowledge-sharing seminar, Evolve, designed to assist Micro

Description

Axis Bank has launched the 9th edition of its knowledge-sharing seminar, Evolve, designed to assist Micro, Small, and Medium Enterprises (MSMEs) in adapting to the rapidly changing business environment. This year's theme, "Future-Proofing MSMEs for the New-Age Business," focuses on the importance of digital transformation, innovation, and building operational resilience. The seminar aims to provide practical strategies and insights to help entrepreneurs strengthen their businesses and thrive in a dynamic market.

MSMEs Benefit From Evolve

Since its inception in 2014, Axis Bank’s Evolve seminar has supported over 9,000 entrepreneurs in more than 50 cities. The 9th edition will take place in 10 key cities, including Delhi, Mumbai, Lucknow, Kolkata, Chennai, Hyderabad, Bangalore, Kochi, Indore, and Ahmedabad. Evolve offers a platform for MSMEs to connect with industry leaders, financial experts, and peers, creating an ecosystem that fosters growth and collaboration.

Over the years, Evolve has consistently delivered real-world solutions to businesses, helping them adapt to economic shifts. The initiative has become a valuable resource for entrepreneurs looking to enhance their operations, adopt digital tools, and improve their market positioning.

Axis Bank Focusing On Digital Transformation And Operational Flexibility

The latest edition of Evolve emphasizes digital transformation as a key factor for MSMEs to stay competitive. With rapid technological advancements, it’s essential for businesses to incorporate digital strategies. Axis Bank is offering guidance on improving operational efficiency, adopting digital solutions, and navigating market changes.

The bank is also focusing on cash flow-based lending, the use of GST and banking transaction data, and the benefits of platforms like Neo for Business to help MSMEs streamline their financial operations and improve access to credit.

Axis Bank’s Commitment To MSME Growth

Axis Bank has seen impressive growth in its MSME lending portfolio, recording a 30% compound annual growth rate (CAGR) since 2020 and capturing an 8.7% market share in the MSME credit segment. The bank remains dedicated to providing innovative financial solutions to small businesses.

With Evolve, Axis Bank strengthens its relationship with MSMEs, ensuring they are equipped with the necessary resources to succeed in a fast-evolving business landscape. As the seminar continues, it remains a vital platform for knowledge sharing, innovation, and strategic development within the MSME sector.

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