Corporation Bank introduces new loan product – Corp SME Suvidha – for MSMEs

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Corporation Bank has recently launched the ‘Corp SME Suvidha’, which is a unique product that is especially catered to MSMEs that are GST-registered. 

Corporation Bank
Corporation Bank has launched a new product for MSMEs called the Corp SME Suvidha. The lender is offering various concessions and charging an affordable rate of interest on this product.

Ms. P.V. Bharathi, the Chief Executive Officer and Managing Director of Corporation Bank, launched the Corp SME Suvidha at the bank’s corporate office in Mangaluru in the presence of Mr. Murli Bhagat, the Executive Director of the bank, and a few general managers.  

The lender charges a competitive rate of interest for the Corp SME Suvidha and also offers a number of concessions that will suit developing entrepreneurs. This product was introduced by Corporation Bank as part of its efforts to provide SMEs improved service and more suitable products.  

The lender is also participating in the Government of India’s flagship programs like the MUDRA and Stand-Up India in an effort to give a push to businesses that are a part of the MSME sector.   

Source: The Times of India, The Hindu Business Line 

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