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17/02/2017 12:14pm

Canara Bank to have a separate banking window to increase credit flow to MSMEs

image Canara Bank to have a separate banking window to increase credit flow to MSMEs

Tirupur, Feb 17 (KNN) Canara Bank is planning to open a separate banking window in the district in order to increase financing to the Micro, Small and Medium Enterprises (MSME) sector.

Through the new channel, the MSMEs can directly send their credit proposals and subsequently monitor the processing and sanctioning of the eligible credit applications in a time-bound schedule.

“An official in the rank of Assistant General Manager will be heading the special wing meant for MSME credit disbursal in Tirupur district”, said Executive Director of Canara Bank P. V. Bharathi, as quoted in a media report.

There will be specialised marketing and credit appraisal teams to ensure faster reach out to MSMEs and turnaround time been reduced substantially.

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  1. Dr Mrs Sushma Joiya Pandit
    Dr Mrs Sushma Joiya Pandit 17/02/2017 2:28 PM

    Canara Bank at Bina is misusing subsidy and is treating the prospective entrepreneurs with very rude behavior.

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