Corporation Bank bags ‘National MSME Excellence Award 2017


Mangaluru: Corporation Bank has been awarded once again ‘National MSME Excellence Award 2017’ organized by the Federation of Industry, Trade and Services (FITS). D V Subramanya Varma, General Manager, Corporation Bank received the award from Haribhai P Choudhary, Honourable Union Minister of State, Ministry of Micro Small and Medium Enterprises in New Delhi on February 10. Federation of Industry Trade and Services (FITS) is a national industry body working in the form of a bridge between the industry and the state/central governments.

Corporation Bank has taken several initiatives recognizing the constructive role played by MSME Sector in the nation development like, online loan facility for MSME borrowers, online facility for revival and rehabilitation of MSME, campaign for growth with various concessions, collateral free loans up to Rupees two crore under Credit Guarantee Scheme of CGTMSE with 50 bps concession in interest rate is offered to such guarantee covered accounts, concessions in interest rate are also offered to women beneficiaries and rated MSME units and others.


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