Corporation Bank Bags 2017 National MSME Excellence Award
Posted on:18 Feb 2017 09:36:15
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18 February 2017 Current Affairs: Mangalore based public sector lender Corporation Bank was awarded the 2017National MSME Excellence Award on February 10, 2017 at a function in New Delhi.
D V Subramanya Varma, General Manager of Corporation Bank received the award from Union Minister of State for Micro Small and Medium Enterprises, Haribhai P Choudhary.
The award is instituted by the Federation of Industry, Trade and Services (FITS).
Corporation Bank provides various facilities to MSME sector like online loan facility for MSME borrowers, online facility for revival and rehabilitation of MSME, Concessions and collateral free loans up to Rs 2 Crore under Credit Guarantee Scheme.
Concessions in interest rate are also offered to women beneficiaries and rated MSME units. Besides, the bank has also organized campaign for growth of MSME sectors.
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