Mysore industries seek need based financial support from Dena Bank
Updated: Jun 22, 2015 12:28:32pm
Mysore, June 22 (KNN) Mysore based small and medium entrepreneurs have sought from Dena Bank for extension of need based financial support, particularly Credit Linked Capital Subsidy Scheme of Ministry of MSME, to small scale industries.
Ashwani Kumar Chairman and Managing Director of Dena Bank had discussion with Mysore Industries Association General Secretary Suresh Kumar Jain & Mysore District Micro, Small and Medium Enterprises (MSMEs) Association Secretary Madegowda.
In the discussion Jain briefed the Chairman about the industrial scenario of Mysore District and requested him for extending the Need based Financial support to Small Scale Industries.
“Particularly Credit Linked Capital Subsidy Scheme of Ministry of MSME should be made available to the Small Scale Industries under Small Industries Development Bank of India’s, Collateral Free Loans,” he urged.
“There is an ample opportunity for Dena Bank to extend the services in industrial sector as new industrial areas are developing rapidly in Kadakola and Nanjanagudu and the new industrial policy of the state government is more attractive for investors,” he added.
Kumar expressed his willingness to extend all support from Dena Bank to industrial establishments but he cautioned not to divert the funds for other purpose and restrict the utilization of the funds for the allocated projects only. (KNN Bureau)
Ashwani Kumar Chairman and Managing Director of Dena Bank had discussion with Mysore Industries Association General Secretary Suresh Kumar Jain & Mysore District Micro, Small and Medium Enterprises (MSMEs) Association Secretary Madegowda.
In the discussion Jain briefed the Chairman about the industrial scenario of Mysore District and requested him for extending the Need based Financial support to Small Scale Industries.
“Particularly Credit Linked Capital Subsidy Scheme of Ministry of MSME should be made available to the Small Scale Industries under Small Industries Development Bank of India’s, Collateral Free Loans,” he urged.
“There is an ample opportunity for Dena Bank to extend the services in industrial sector as new industrial areas are developing rapidly in Kadakola and Nanjanagudu and the new industrial policy of the state government is more attractive for investors,” he added.
Kumar expressed his willingness to extend all support from Dena Bank to industrial establishments but he cautioned not to divert the funds for other purpose and restrict the utilization of the funds for the allocated projects only. (KNN Bureau)
Loading...
