Bank of Maharashtra Bhopal region disburses Rs 20 cr loan letters

| | Bhopal
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Bank of Maharashtra Bhopal region disburses Rs 20 cr loan letters

Tuesday, 22 October 2019 | Staff Reporter | Bhopal

On the occasion of Customer ‘Meet and Loan Disbursement Programme’ of Bank of Maharashtra Bhopal region loan sanction letters of Rs 20 crores were provided to the customers organised at Ravindra Bhawan in the state capital on Monday.

For providing loans to customer of Retail, Agriculture and Small and Medium Enterprises (MSME) sector outreach programme in 8 districts of 4 states Gujarat, Uttar Pradesh, Madhya Pradesh and Telangana. The programme has been organised to fulfill demand during the ongoing festive season.

The programme which would span for two days October 21 and 22 MSME, retail, retail, vehicle, housing, education and personal would be sanctioned immediately.

It is a good opportunity for developing and expanding business by availing loan under the Outreach Programme which is unique initiative by Government of India. Along with Bank of Maharashtra other Public Sector Banks, Private banks, NBFC, dealers financing vehicles and houses would also participate in the programme.

For start-ups also loan could be availed. The programme is part of systematic bank reform process which is projected to reach to the customers.

In the current market situation it would provide help businesses to prepare for the festive season and in the same manner consumers would be provided with cash balancing the system to grow.

Customers would be encouraged to use digital mode of payments and information of social security schemes would be provided.

Pradeep Mishra, DGM Planning Bank of Maharashtra, Zonal Manager Bank of Maharashtra Alok Das, Field MD SD Mahurkar, CGM NABARD SK Bansal and FGM PNB PK Jain were present on the occasion.

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