South Indian Bank launches MSME online portal: The South Indian Bank launched a MSME online portal providing instant online In Principle approval of up to ₹1 crore MSME enterprises are the most important pillars of the economy and the government is working towards making the sector stronger.
Aim: To provide quick loans to micro and small businesses.
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This development is at the backdrop of central government considering to make India a $5 trillion economy. South Indian Bank is facilitating MSME s to get instant funds. This initiative will help thousands of micro and small businesses avail loans quickly.
MD & CEO, South Indian Bank: Murali Ramakrishnan.
