Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2012-12-01

'Small B’ for innovative SME startups

Corporation bank has come up with an exclusive branch to offer finance for the SME start-ups along with SIDBI (Small Industries Development Bank of India). The bank believes that this sector is imperative for the reformation of economy and making possibil

'Small B’ for innovative SME startups

Corporation bank has come up with an exclusive branch to offer finance for the SME start-ups along with SIDBI (Small Industries Development Bank of India). The bank believes that this sector is imperative for the reformation of economy and making possibilities in employment.

In the past five months, the bank has opened 15 SME loan centres in different locations in the country. These branches have generated a business of around Rs 1,650 crore during this period. The bank has anticipated that these branches would help generate around Rs 5,000-crore worth of business during the fiscal. The 16th SME loan centre will be opened in Jaipur on December 4.

“This is only to encourage the small business in India, Corporation Bank has extended  loan offers to micro and small enterprises up to Rs 1 crore at very low rate of interest, keeping in mind the benefit for women entrepreneurs and the processing is also totally waived,” said B.B Tejappa, General Manager of the bank.

Corporation Bank had opened ‘small B’ a branch for financing SMEs in Bangalore at the mid of October.  The only focus of the branch is to finance the innovative startup SMEs and it will be able to give a boom to the star ups.

Till now the bank has financed four innovative start-up SMEs with collateral free finance. 

Related opportunities
  • Car Wash / Ceramic Coating / Detailing
    About Us: CarzSpa, being the OLDEST, MOST EXPERIENCED, MOST TRUSTED and..
    Locations looking for expansion Gujarat
    Establishment year 2006
    Franchising Launch Date 2007
    Investment size Rs. 10lac - 20lac
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Surat Gujarat
  • Professional Education Coaching
    Aboout Us: Speciality Certified Medical Assistant a certification body of the..
    Locations looking for expansion Haryana
    Establishment year 2010
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Faridabad Haryana
  • Theme Restaurants
    About Us: The Chinese Club, located in the New York City,..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 1 Cr. - 2 Cr
    Space required 2000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • About Us: LVH Energy Pvt Ltd is manufacturers of LED lighting..
    Locations looking for expansion Karnataka
    Establishment year 2008
    Franchising Launch Date 2019
    Investment size
    Space required 100
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Bangalore Karnataka
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
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

pincode
ads ads ads ads