Media Release

Mangalore, Aug 10: Corporation Bank organized SME Mega Expo at Bhuvanendra Hall, Canara High School (Main), Dongerkery at Kodialbail, here, on Saturday August 10.

The SME Mega Expo which is specially designed for the SMEs had a total of 16 stalls. 12 entrepreneurs had also displayed their products in the stalls which included hi-tech equipment manufacturers, jewelers etc.

Addressing the gathering, B K Srivastav, executive director of the bank said that the bank is offering SME loans for commencing new business, expanding existing business, purchasing commercial vehicles and much more during this expo. The bank is also offering interest concession to the extent 50 basis points below the applicable card rate for all SME credit schemes, an additional 0.25 per cent rebate on interest rates for women entrepreneurs and a 50 per cent rebate on processing charges under the ‘Corp SME Monsoon Bonanza Offer’. 

The Corp SME Monsoon Bonanza is offered on ten SME credit schemes offered by the bank. To encourage entrepreneurs, bank offers various specialized and tailor-made credit schemes suiting their credit and business requirements. The various SME credit schemes offered by the bank are - Corp SME Tex Plus Scheme, Corp Term Plus Scheme, Corp SME Auto Plus Scheme, Corp SME Liquid Plus Scheme, Corp SME Gold Card Scheme, Corp SME Receivable Funding, Corp Commercial Vehicle Loan Scheme, Corp Collateral Free Loan Scheme, Corp SME Credit Card Receivable Funding and Corp Laghu Udhyami Credit Card Scheme.