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State Bank of Hyderabad (SBH) is targeting to extend ₹2,500 crore loans to micro, small and medium enterprises (MSMEs) in the next two months as part of a special campaign, ‘Shubh Labh’ from August 1.
The promoters of MSME units may contact with their proposals to any of its 1,829 branches for availing hassle-free credit facilities on liberal terms and conditions, coupled with speedy sanction, according to a release.
Competitive interest rates starting from the base rate of 9.95 per cent a year will be extended under certain schemes.
There will also be 100 per cent waiver of processing for micro enterprises and 50 per cent concessions for small and medium enterprises.
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