YES Bank launches ‘YES MSME’ with composite bouquet of services
Mumbai, Jan 19 (KNN) With an aim to support to Micro, Small and Medium Enterprises (MSMEs) with speedy and easy access to funds, YES BANK has rolled out ‘YES MSME’, whereby the bank will support MSMEs through solutions across lending, deposits, insurance, customised and segmented digital solutions for retail, manufacturing, wholesale, trade and service providers.
This also includes special current account offerings for the self-employed segment, the private sector bank said in a statement on Monday.
The YES MSME proposition has been curated, taking into consideration the insights and feedback from customers and industry associations.
The launch comes during the SME carnival from January 18 – 22, 2021 at the Bank’s MSME-focused branches across India.
“The MSME sector accounts for 30 per cent of the economy creating 11 crore jobs so far. Investment in the sector is the need of the hour and we are hopeful that concerted efforts by the industry and the Government will help expand it. I congratulate YES BANK for this new addition under their MSME sector initiative and the long-term plan to strengthen the ecosystem,” said MSME Minister, Nitin Gadkari in a statement.
Prashant Kumar, MD and CEO, YES Bank, said the bank’s enhanced value proposition will improve access to finance for MSMEs and support their technology upgrade, among other customer-focussed measures.