BANGALORE, INDIA: Dena Bank has initiated number of measures to meet the needs and aspirations of MSME entrepreneurs. The bank has as many as 68 branches across India located in various MSME clusters and are specialized as MSME branches. These branches are fully equipped to take care of the banking needs of MSMEs.
These branches have been delegated additional sanctioning powers to meet the credit requirements to MSME units.
Special products/schemes devised for MSME sector:
Dena Laghu Udhyami Credit Card (credit card for MSME Entrepreneurs)
Dena Shakti Scheme (for women entrepreneurs a concessional ROI)
Scheme for financing rice/dal mills
Scheme for financing wind mills
Channel Financing Scheme for dealers/suppliers
Dena Artisans Credit Card
Priority sector schemes:
Dena Rural Internet Kiosk Scheme
Dena Shakti Scheme
Dena Laghu Udyami Card Scheme
Dena Rural Artisan Credit Card Scheme
Dena Swarozgar Credit Card Scheme
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Dena Bank has tied up with with the SIDBI for co-financing of MSME units. It has also partnered with the SMERA,CRISIL and CARE for credit rating at concessional fee for MSMEs.
Rate of Interest linked to the credit ratings of the MSME units (above Rs. 10 lakh)
The bank has established MSME Help Deskss at regional offices to provide counseling and guidance services to entrepreneurs. MSME entrepreneurs meets are organized at specialized branches to understand the problems and requirements of MSME entrepreneurs.
Loans upto Rs 50 lacs are collateral free if covered under CGTMSE.
Training Institutes at Bhuj and Mehsana have been set up in Gujarat state for imparting training to rural youths enabling them to undertake self-employment in village and cottage industries and other small business enterprises.
For more visit http://www.denabank.com/index.jsp?lang=0&id=0