The topic of the competition is Case Study: Lending to an MSME Borrower in an Innovative Way, RBI said in a circular today.

"The purpose of holding the competition is to encourage bankers to contribute case studies where finance was extended to a micro, small and medium enterprise (MSME) borrower in an innovative way, which has the potential to sensitise other bankers as well," RBI said.

The Central Bank said the staff members of banks, including members of faculty from banks' training establishments, including Small Industries Development Bank of India (SIDBI), regional rural banks, state cooperative banks and urban cooperative banks.

Besides, members of faculty from these banks' training establishments and staff members of non-banking finance companies can participate in the competition.

RBI has invited case studies, in English or in Hindi, from participant banks by January 31.

The winners will be given a cash prize of Rs 20,000 (1st), Rs 15,000 (2nd) and Rs 10,000 (3rd) apart from certificates.

RBI said MSMEs play a pivotal role in the economy of the country and there is a compelling need to carefully nurture and support this sector.

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