State Bank of Hyderabad (SBH) is targeting to extend ₹2,500 crore loans to micro, small and medium enterprises (MSMEs) in the next two months as part of a special campaign, ‘Shubh Labh’ from August 1.
The promoters of MSME units may contact with their proposals to any of its 1,829 branches for availing hassle-free credit facilities on liberal terms and conditions, coupled with speedy sanction, according to a release.
Competitive interest rates starting from the base rate of 9.95 per cent a year will be extended under certain schemes.
There will also be 100 per cent waiver of processing for micro enterprises and 50 per cent concessions for small and medium enterprises.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.