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Loan applications worth ₹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’ organised here in the city.
Organised by the Confederation of Indian Industry, Biz Bridge 2015 had about 100 exhibitors coming from across the country and drew over 10,000 high-end visitors.
According to a release from 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 had also 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 ₹475 crore so far, the industry body claimed.
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