The Karnataka Bank has rolled out a new product titled “KBL Micro Mitra” for the Micro entrepreneurs. Under the newly launched product, the Micro manufacturing and service enterprises will be offered a financial assistance of up to Rs 10 lakhs. This financial assistance would be provided either for working capital or for investment purposes. The financial assistance facility comes with a simplified procedure and competitive rate of interest.
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KBL Micro Mitra would be available for the Micro entrepreneurs across India through all the branches of Karnataka Bank. This will ensure timely credit assistance to the micro entrepreneurs who are playing an instrumental role in the recovery of the economy both in rural and urban India.
Important takeaways for all competitive exams:
- MD & CEO of Karnataka Bank: Mahabaleshwara M.S.