Corporation Bank organizes SME mega expo

MANGALORE: Corporation Bank organized a SME mega expo at Canara High School (main), Dongerkery at Kodialbail here on Saturday. The SME Mega Expo which was specially designed for small and medium enterprises had a total of 16 stalls. A dozen entrepreneurs had also displayed their products in the stalls which included hi-tech equipment manufacturers, jewelers etc.BK Srivastav, executive director inaugurated the SME mega expo.
Srivastav said the Bank is offering SME loans to start new business, expanding existing business, purchasing commercial vehicles and more during this expo. The Bank is offering interest concession to the extent 50 basis points below applicable card rate for all SME credit schemes, an additional 0.25 per cent rebate on interest rates for women entrepreneurs and 50 per cent rebate on processing charges under 'Corp SME Monsoon Bonanza Offer'.
The bonanza is offered on 10 SME credit schemes. To encourage entrepreneurs, Bank offers various specialized and tailor-made credit schemes suiting their credit and business requirements. The various SME credit schemes offered by the bank are - Corp SME tex plus scheme, Corp term plus scheme, Corp SME auto plus scheme, Corp SME liquid plus scheme, Corp SME gold card scheme, Corp SME receivable funding, and so on.