Business Daily from THE HINDU group of publications
Tuesday, Oct 16, 2007
ePaper
Business Daily from THE HINDU group of publications Tuesday, Oct 16, 2007 ePaper |
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Money & Banking
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Credit Market Industry & Economy - SSI States - Maharashtra Public sector banks now target small industries Our Bureau Pune, Oct. 15 Retail investors and customers who used to prefer banking with private sector and multi-national banks, have now started turning back to public sector and cooperative banks. “Public sector banks, feeling the heat of competition, should concentrate on understanding the specific needs of customers and must put maximum effort towards customer satisfaction,” said Mr S. K. Das, Deputy General Manager, Bank of Maharashtra and Goa circle. Celebrating the first anniversary of its SME loan factory in Pune, he noted that it is a pilot project, which has received good response from small and medium entrepreneurs. Established on October 13, 2006, the loan factory provides financial assistance to SMEs in Maharashtra and Goa circle. Last year, it made a loan disbursement of Rs 250 crore and the target for current year is Rs 450 crore. Eight schemes have been introduced under SME loan factory, out of which ‘Baroda Vidyalakshmi Scheme’ and ‘Baroda Aarogyadham Scheme’ have been launched recently. The loan factory ensures speedy process and utmost customer satisfaction. More Stories on : Credit Market | SSI | Public Sector Banks | Maharashtra
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