Canara bank inaugurates MSME Sulabh to help MSMEs in Palayamkottai

Updated: Jul 13, 2021 07:09:10am

Trinuleveli, Jul 13 (KNN) Canara Bank has inaugurated ‘MSME Sulabh’ at its regional office in Palayamkottai to handle the MSME credit proposals.

According to an official statement issued by the bank on Monday, the ‘MSME Sulabh’ is a business model of the bank for centralised processing of MSME credit proposals.

"It will undertake end-to-end processing, sanctioning and disbursement of credit requirements of MSME entrepreneurs thereby reducing the turn around time to the minimum level," the statement added.

It was inaugurated on Monday by Murugesh, General Manager, District Industries Centre, Tirunelveli and Mariammal, General Manager, DIC, Tenkasi in the presence of G R Dilli Babu Deputy General Manager, Canara Bank, Regional Office, Tirunelveli.

COMMENTS

nitin 01/10/2021 2:12 AM

Canara Bank is not at all help full. I have a bad experience with Canara e Syndicate Bank. Govt. OF India given me COVID 19 loan of Rs.90 lacs however without my permission they have transfer the to clear my overdues. I have lodge a complaint. While ask the explanation bank reply that the transferred the COVID 19 amount taken as per the sanctioned letter which is not correct. Please tell me who is the company will transfer the working capital ? The bank has taken my signature on blank papers.

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