Hyderabad, Aug 3 (KNN) The State Bank of Hyderabad (SBH) is targeting to extend Rs 2,500 crore loans to micro, small and medium enterprises (MSMEs) in the next two months as part of a special campaign, ‘Shubh Labh’ from August 1.
 
The promoters of MSME units may contact with their proposals to any of its 1,829 branches for availing hassle-free credit facilities on liberal terms and conditions, coupled with speedy sanction, according to a release.
 
Competitive interest rates starting from the base rate of 9.95 per cent a year will be extended under certain schemes, reports media.
 
There will also be 100 per cent waiver of processing for micro enterprises and 50 per cent concessions for small and medium enterprises, the media report added. (KNN Bureau)