MSME Credit Outreach: Central Bank Distributes Loan Sanction Letters Worth Rs. 131 Crore
Ranchi : Central Bank of India organized a nationwide 'MSME Credit Outreach' campaign on Saturday. As part of this initiative, a grand event was held at Hotel Plateau in Ranchi, presided over by the bank's Regional Head, R.C. Goyal.
The program commenced with the garlanding of the portrait of the bank's founder, Sir Sorabji Pochkhanawala, and the lighting of the lamp. More than 70 MSME entrepreneurs from Ranchi and surrounding districts participated in the event. Bank officials provided information on various MSME schemes through a PPT presentation and addressed the entrepreneurs' concerns on the spot.
In his address, Regional Head R.C. Goyal said that the role of Micro, Small, and Medium Enterprises (MSMEs) is extremely important in strengthening the country's economy and creating employment. He assured that the bank is always committed to the development of this sector.
Key Highlights:
* Loan Distribution: At the end of the program, loan sanction letters worth Rs. 131 crore were distributed to the entrepreneurs.
* Entrepreneur Participation: More than 70 loan beneficiaries participated in the program.
* Interaction: A direct interaction took place between the bank and its customers, where discussions were held on simplifying loan processes.
