Webinar Report: “Cost Cutting Techniques for MSME Loans & Working Capital”
Webinar Report
Date: May 16, 2025
Time: 4:00 PM – 6:00 PM
Format: Live Online Webinar
Speakers: Mr. Ashok Jha (Founder, Early Grow Advisory Services Pvt. Ltd.), CA Hemendra Gupta (Chartered Accountant & MSME Finance Expert)
Event Overview
The webinar titled “Cost Cutting Techniques for MSME Loans & Working Capital” was conducted on May 16, 2025, aiming to provide Micro, Small, and Medium Enterprises (MSMEs) with actionable strategies to optimize their financing and working capital management. The session featured insights from Mr. Ashok Jha, an esteemed MSME policy advisor, and CA Hemendra Gupta, a seasoned chartered accountant specializing in MSME finance.
Key Insights from the Speakers
Mr. Ashok Jha: Strategic Financial Management for MSMEs
Mr. Jha emphasized the importance of strategic financial planning and highlighted the following points:
Assessment of Financial Health: Encouraged MSMEs to conduct regular financial health checks to identify areas of improvement.
Leveraging Government Schemes: Advised on utilizing government initiatives like the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) to access collateral-free loans.
Digital Financial Tools: Recommended adopting digital accounting and financial management tools to enhance efficiency and reduce errors.
CA Hemendra Gupta: Taxation and Compliance Optimization
CA Gupta provided insights into taxation and compliance, focusing on:
Tax Planning: Discussed strategies for effective tax planning to minimize liabilities and avoid penalties.
Regulatory Compliance: Highlighted the importance of timely compliance with statutory requirements to prevent additional costs.
Cost-Benefit Analysis: Advised on conducting cost-benefit analyses before making significant financial decisions.
Actionable Takeaways for MSMEs
Optimize Loan Structures: Evaluate existing loan terms and explore refinancing options to secure better interest rates.
Efficient Working Capital Management: Implement inventory management techniques and negotiate favorable credit terms with suppliers.
Adopt Technology: Utilize financial software for budgeting, forecasting, and monitoring cash flows.
Regular Training: Invest in financial literacy training for staff to enhance internal financial management capabilities.
