People’s Bank offers attractive loan for SME
View(s):The People’s Bank, in an effort to help the government programme of promoting small and medium scale entrepreneurs, has opened separate service centres especially for the convenience of these entrepreneurs.
Special units have been set up in every district, one unit per district, especially for the benefit of the small and medium scale entrepreneurs. In addition to the 732 branches of People’s Bank, these special units were established to avoid difficulties that may arise in carrying out other general banking operations along with the services related to small and medium scale entrepreneurs, the bank said.
“The sole responsibility of these service centres is to provide the entire gamut of required banking services to small and medium scale entrepreneurs.
In addition to normal banking operations, special facilities of other services are being extended to the entrepreneurs, which are not usually carried out at the other branches. Customers wishing to start or enhance a business, industry or self-employment project can access speedy loans from the People’s Bank, which also arranges a number of value added facilities and services such as financial management education, technical training resources, market information and so on. These value-added services ensure the entrepreneur is able to build a sustainable business. People’s Bank has dynamic plans to expand these special banking units for small and medium scale entrepreneurs even further by the end of this year,” it said.
The bank said it has made arrangements for small and medium entrepreneurs to receive many special facilities. In general, two factors are mainly looked into when considering a loan. The first is the repayment capacity and the second is the securities. But small and medium scale entrepreneurs are given special consideration while being granted loans, it said.