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The Guyana Bank for Trade and Industry (GBTI) on Friday launched its ‘GROW’ initiative aimed at making financing easier and more accessible to Small and Medium-sized Businesses (SMBs). The ‘GROW’ initiative will offer tailored financial solutions designed to address the needs of small and medium-sized businesses to maximise their full potential. Speaking at the launch of the initiative, GBTI’s Chief Executive Officer (CEO) Shawn Gurcharran highlighted that Small and medium-sized enterprises are a vital pillar in economic growth but are often met with the challenge of easily accessing financial loans. “In a booming oil and gas economy, it bemoans us to remain committed to food security and the enhancement of vulnerable groups in our society. Small and medium-sized enterprises are a vital pillar of economic growth and development, accounting for a significant share of job creation, innovation and importantly, wealth generation. Yet we know that SMEs often face unique challenges such as accessing finance, navigating regulatory frameworks and scaling up operations.” In this regard, the CEO revealed that to tackle this issue, the banking institution has developed its ‘GROW’ initiative. “This is why the establishment of GBTI GROW is not just an addition to our portfolio, but it is a strategic initiative aimed at addressing these challenges head-on. Through GBTI GROW, we will provide tailored financial products and tools designed to help small businesses to succeed in a competitive and dynamic environment.” Gurcharran added that the location of the new centre at Mon Repos, East Coast Demerara (ECD) was strategically planned while noting that it aligns with the organisation’s dedication towards providing equal opportunities for all. “GBTI GROW is our way of ensuring that no entrepreneur is left behind and the growth of our country is inclusive and sustainable. Our choice of location was very intentional. Being a stone’s throw away from the largest market on the East Coast provides many opportunities for us to forge partnerships with people involved in agriculture, small services and growing businesses.” Also present at the ceremony was the bank’s Director Suresh Beharry, who stated that the initiative will bolster the long-term strength and sustainability of the country’s economy. “Our country stands at a pivotal moment in its history. With the rapid economic growth and transformation brought about by the oil and gas sector. However, while the oil and gas sector serves as a catalyst, the long-term strength and sustainability of our economy depend on our diversification. This is where SMEs come in. Small and medium enterprises are uniquely poised to drive diversification in sectors such as agriculture, manufacturing, tourism, technology and services. They ensure that economic progress reaches every region and community, creating opportunities for a broader cross-section of Guyanese.” Delivering special remarks at the event was Finance Minister Dr Ashni Singh who highlighted that regardless of size, most businesses encounter problems when applying for loans. On this note, he applauded GBTI for the new initiative specifically tailored to benefit SMBs. “I think the fact that you’ve decided to introduce a special branch is absolutely fantastic, I don’t believe that any other bank has a dedicated branch focusing on the SME sector. Of course, there are some smaller SME specialist SME credit agencies. Well, this is an absolutely fantastic initiative because it’s a branch and a facility and a window specifically targets the SME centre. and I really salute from the bottom of my heart.” Moreover, he urged stakeholders at GBTI to make the loan-accessing process more appealing by educating persons on areas such as collateral alternatives outside of real estate. “I think there is a lot of room for public education, an outreach to explain to people that getting a loan is not that difficult. You don’t need a fixed salary; you don’t necessarily need real estate collateral. These are alternative ways in which you can do this. I want to appeal to GBTI, given that you have taken this remarkably bold step of establishing this new branch and of establishing this special facility on these new products that target the SME sector, I want to appeal to you, maybe in collaboration with the chamber of commerce, reaching on to SMEs to see how can we partner to meet make the appetite for credit greater.” The new banking division will serve as a one-stop destination for businesses seeking loans, advisory services and innovative financial products that facilitate expansion and sustainability. GBTI GROW will offer specialised programmes, and affordable and flexible financing options tailored to meet the unique needs of micro and SMEs. Guidance on financial management, business planning and access to markets through strategic partnerships Notably, GBTI has formed alliances with key agencies such as the Guyana School of Agriculture, the National Agricultural Research and Extension Institute (NAREI) and the Agriculture Ministry to explore ways in which they can work together to improve the viability of opportunities available.Colimerio has 15, Queens defeats VMI 81-78
TOMS RIVER, N.J. (AP) — Gov. Phil Murphy has asked the Biden administration to put more resources into an investigation of mysterious drone sightings that have been reported in New Jersey and nearby states. Murphy, a Democrat, made the request in a letter Thursday, noting that state and local law enforcement remain “hamstrung” by existing laws and policies in their efforts to successfully counteract any nefarious activity of unmanned aircraft. He posted a copy of the letter on the social media platform X .
Alyssa Nakken, the first woman coach in Major League Baseball history, is leaving the Giants to join the Cleveland Guardians as an assistant in player development, as first reported by 95.7 The Game’s Steven Rissotto. Nakken is the latest member of last year’s coaching staff to depart from the team, joining Justin Viele (Rangers), Pedro Guerrero (Marlins) and Bryan Price (stepped down). Additionally, Pete Putila, the team’s general manager in 2023 and 2024, and Michael Schwartze, the team’s former director of baseball analytics, have joined the Braves. In Cleveland, Nakken will be reunited with a pair of former Giants coaches in Craig Albernaz and Kai Correa. Under Stephen Vogt, the 2024 American League Manager of the Year, Albernaz is an associate manager while Correa is a field instructor. Nakken, 34, made no shortage of history during her five seasons with the team. On April 12, 2022, Nakken became the first woman to appear in an on-field role, coaching first base after former first base coach Antoan Richardson was ejected. Last offseason, the Giants interviewed Nakken for their vacant manager opening after firing Gabe Kapler, becoming the first woman to interview for the position. The jersey that Nakken wore during her first major league game on July 23, 2020 was sent to the National Baseball Hall of Fame and Museum. Earlier this year, Nakken gave birth to her first child, Austyn. A standout softball player at Sacramento State, Nakken first joined the Giants in 2014 as a baseball operations intern, serving various front-office roles before joining the major-league coaching staff. ©2024 MediaNews Group, Inc. Visit at mercurynews.com . Distributed by Tribune Content Agency, LLC.
Rajkot: Amreli police busted a racket to defame BJP MLA Kaushik Vekariya after a complaint was lodged with Amreli city police station by Kishor Kanpariya, who is the president of Amreli Taluka Panchayat. He stated that his fake letterhead was created and circulated with a defamatory message about Vekariya. The police arrested Manish Vaghasiya and Ashok Mangroliya, both BJP workers, and Mangroliya is also a sarpanch of Jasvantgadh village. The police also arrested their aide Jeetu Khatra and Payal Goti, a computer operator, on Saturday. The police took all the accused for reconstruction of crime scene at Vaghasiya's office on Sunday in Amreli town. Talking to media persons, Sanjay Kharat, superintendent of police Amreli, said, "These four people committed this crime in connivance with each other. In a very short period of time, the district police arrested the accused with the help of technical analysis and human intelligence. We are investigating where this fake letterhead was created, who provided the guidance, and who else is involved in this." According to the FIR, a letter went viral on social media in which serious allegations were made. This letter was made using a fake letter pad of the Amreli Taluka Panchayat president and went viral. The letter was addressed to the state BJP office, in which it was written that "Vekariya was doing the administration of taluka panchayat and I have to sign the papers as per the instruction of Vekariya." The letter also allegedly stated that "Vekariya is promoting Congress people and BJP workers are upset with him and nobody is able to speak against him." The letter also alleged a nexus between the MLA and police. As this letter circulated Kanpariya told police that completely false allegations have been made to tarnish the reputation of the local MLA by misusing my fake letter pad and forging signatures.The police registered the offence under various sections of BNS and the Information Technology Act. Stay updated with the latest news on Times of India . Don't miss the yearly horoscope 2025 and Chinese horoscope 2025 for Rat , Ox , Tiger , Rabbit , Dragon , Snake , Horse , Goat , Monkey , Rooster , Dog , and Pig zodiac signs. Spread love this holiday season with these New Year wishes and messages .Jimmy Carter, the 39th US president, has died at 100