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Corp Bank launches SMESuvidha scheme

Corporation Bank has launched ‘SMESuvidha’ scheme to provide loans to MSMEs at affordable interest rates. The bank expects the MSMEs availing the benefits of the scheme to be GST-registered. The bank’s MD and CEO P.V. Bharathi said the product is designed as a part of the bank’s efforts to improve service and provide best products to the MSME sector. She added that the product provides a competitive interest rate structure in the industry and also has various concessions suiting the developing entrepreneur. The bank also has an online loan facility for MSME borrowers and offers customized loan schemes through its dedicated 177 ‘Specialized MSME Branches’ across the country.

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