Awareness camp on MSME lending schemes in Ludhiana
Ludhiana, Jan 25 (KNN) Chamber of Industrial & Commercial Undertakings (CICU) organized an awareness camp on MSME lending schemes for availing loan by industries and traders to grow their business.
''The YES bank team under the “YES MSME” proposition launched this program at CICU Office, Gill Road Ludhiana. It will offer comprehensive and curated segmental offering for MSMEs,'' CICU said on Sunday.
According to CICU, more than 50 industry and trade persons discussed their loan requirements under this scheme with the bank.
The YES bank Team leaders Ajay Verma Executive Vice President and Regional Business Leader and Tasmeet Singh Cluster Head Loan Segment hosted insightful sessions, enlightening the participants on the various propositions which can help to grow their business, keeping in view the post COVID-19 financial constraints.
''The industrialists and traders were advised to complete their documents and take initiative to enable access to their funding needs for speedy dispersal of loans,'' it added.
Upkar Singh Ahuja, President CICU in his welcome address said that this camp will help the needy MSMEs to avail the loans for their immediate requirements after the pandemic situation to strengthen their business and trade activities. He appreciated the bank for organizing the camp in association with CICU Management for the benefits of its members.
''Financial support to the MSMEs will definitely help to grow their business and come out of various financial difficulties for a sustainable business model,'' said Pankaj Sharma General Secretary CICU.