Corporation Bank will launch ‘Corp Micro Plus’, a special campaign for micro enterprises from January 17 to March 31. According to a press statement by the bank, the rate of interest will be at base rate (10.25 per cent currently). There will be no processing charges during the campaign period, it said.
S. R. Bansal, Chairman and Managing Director of the bank, inaugurated a fully furnished SME (small and medium enterprise) loan centre at Ahmedabad on Monday, which will cater to the financial requirements of the MSME sector in Ahmedabad, Kadi, Rajkot, Gandhidham and Jamnagar, it said. The bank is planning to open SME loan centres at Pune, Ludhiana and Chennai before February 15.