State-owned Corporation Bank has launched ‘SMESuvidha’ scheme to provide loans to the GST-registered MSMEs at affordable interest rates. The product is designed as a part of the lender’s efforts to improve service and provide the best products to the MSME sector. This is a unique product for GST-registered Micro, Small and Medium Enterprises (MSMEs).
The bank is actively participating in the government’s flagship programmes including ‘MUDRA’ and ‘Stand-up India’ to provide the much-needed push to the MSME sector.
Important Takeaways for SBI PO/Clerk Mains-
1. Headquarters of Corporation Bank is in Mangaluru.
2. PV Bharathi is Managing Director and CEO of Corporation Bank.
Source- Business Today