Economy

MSMEs submit loan applications worth Rs 50 cr

Abhishek Law Kolkata | Updated on January 22, 2018 Published on December 07, 2015

Loan applications worth Rs 50 crore were received from micro, small and medium enterprises (MSMEs) - both existing and prospective – from the eastern region, particularly West Bengal, at the end of the four-day ‘Biz Bridge 2015’.

According to a release by the Confederation of Indian Industry (CII), the apex chamber will take forward the loan applications through its Finance Facilitation Centre (FFC) for further action with all its 13 partner banks and non-banking financial companies (NBFCs).

The CII-Finance Facilitation Centre (FFC) has put up a special stall drawing a large number of entrepreneurs, said Saugat Mukherjee, Regional Director, CII Eastern Region.

Countrywide, loans applications that have been made and processed through CII-FFC are worth Rs 475 cr so far, the industry body claimed.

Published on December 07, 2015
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