Friday, February 6, 2009

SBT targets MSMEs

THIRUVANANTHAPURAM: The State Bank of Travancore has launched special loans at 8% per annum targeting micro, small and medium enterprises that are
affected by the slowdown in the economy.

Bank officials said this concessional rate would be available to existing units, with a ceiling of Rs 10 crore.

SBT has also established MSME care centers at its zonal and regional offices in Mumbai and Delhi to address the problems of affected units. 

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