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Kerala Financial Corporation (KFC), a leading financial corporation, plans to go to Kochi with a second special loan campaign for the benefit of its micro, small and medium-scale entrepreneur customers in the State.
This is part of its plan to achieve targeted sanction figures of ₹500 crore from the campaign based on special rates, deals and packages, says Sanjeev Kaushik, Chairman and Managing Director.
The target for new sanctions for the current financial year is ₹1,500 crore, which is double the figure of the previous year. Kerala Fin Corp plans to beef up its loan book to ₹5,000 crore over the next three years, he added. Kerala Fin Corp has started in right earnest canvassing for potential applicants and is adding specific sweeteners in the form of a 50 per cent cut in processing charges, and an additional 0.5 per cent for those with compelling credit ratings.
Special marketing officers, comprising marketing executives and retired bank officials, has fanned out on the field from all its offices in the State. They are being supervised by a special team of senior officers of the company.
Kerala Fin Corp is targeting enterprises in the manufacturing and services sector with a three-year profit record on priority basis.
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