Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2014-05-15

Canara Bank launches new loan model for SMEs

Canara Bank has launched a credit scoring model for financing medium and small enterprises.

Canara Bank has launched a credit scoring model for financing medium and small enterprises.

 

According to RK Dubey, Chairman and Managing Director, Canara Bank, the scoring model will reduce the arbitrariness and subjectivity in deciding the eligibility for loans and help in reducing the rejection rate of MSME loan applications. It is also expected to increase financial inclusion under the sector.

 

The model helps branch managers decide the eligibility of borrowers under the MSME sector to avail finance from the bank. The eligibility is decided based upon aggregate scores secured by the loan applicant on various parameters prescribed under behavioural, management, business and financial aspects. The scoring model will be used solely for the purpose of deciding the eligibility of the loan applicant to avail finance from the bank.

Related opportunities
  • About Us: Established in the year 2015, Fugazee is a youth..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Electric Vehicles (E-Vehicles)
    About Us: India’s First –Ever  Electric Bike Rental/Taxi/Delivery Platform e-Bike..
    Locations looking for expansion New Delhi
    Establishment year 2007
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Delhi New Delhi
  • Others Food Service
    About Us: Humty Dumpty brings fresh tea at your doorstep or..
    Locations looking for expansion Maharashtra
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Guest House / Service Apartments
    About Us: A neoteric conception, U HOSTELS offer a plush accommodation..
    Locations looking for expansion New Delhi
    Establishment year 2017
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts