Archive · 10 Aug 2026
Central Bank of India Sanctions ₹53 Crore in MSME Loans
A bank called Central Bank of India held a big meeting in the city of Nashik to help small business owners.
At this meeting, the bank approved loans worth 53 crore rupees, which is a very large amount of money.
These loans are for small and medium businesses, also called MSMEs.
The meeting happened at a place called NIMA House.
Important people came, including Ashish Nahar, the president of a business group called NIMA.
Bank staff told business owners about different loan plans, like Cent Business and Cent Textile.
They also shared news that the bank will help with banking for the big Kumbh Mela festival in 2027.
Business owners could use special desks to open savings accounts or register their businesses.
The bank wants to help businesses grow and support trade and industry.
Everyone at the meeting responded enthusiastically to the facilities offered.
Central Bank of India sanctioned MSME loan proposals worth ₹53 crore at a Mega MSME Loan Outreach Programme in Nashik.
The event was held at NIMA House, with NIMA President Ashish Nahar as chief guest.
Bank officials, including Nashik Regional Head Kumar Gautam, briefed entrepreneurs on schemes such as Cent Business, Cent Textile and Cent GST.
The Maharashtra government has appointed Central Bank of India as the official banking partner for the Nashik-Trimbakeshwar Kumbh Mela 2027.
Dedicated desks for savings accounts, Udyam registration, CKYC, instant loan approvals and Business Correspondent services were set up at the programme.
- Who
- Central Bank of India, NIMA President Ashish Nahar, NIMA Vice-President Manish Raval, AIMA General Secretary Sanjay Mahajan, and Bank Nashik Regional Head Kumar Gautam
- What
- MSME loan proposals worth ₹53 crore were sanctioned at a Mega MSME Loan Outreach Programme
- When
- Not specified in the article
- Where
- NIMA House, Nashik, Maharashtra
- Why
- To strengthen the MSME sector and provide financial support and guidance for the growth of industry, trade and entrepreneurship
- Bank
- Central Bank of India
- Loans Sanctioned
- ₹53 crore in MSME loan proposals
- Event
- Mega MSME Loan Outreach Programme
- Venue
- NIMA House, Nashik
- Chief Guest
- Ashish Nahar, NIMA President
- Loan Schemes Promoted
- Cent Business, Cent Rice Mill, Cent Textile, Cent GST, Cent Mortgage Business, Cent Hotel, Cent Sanjeevani
- Kumbh Mela 2027
- Central Bank of India appointed official banking partner by Maharashtra government for Nashik-Trimbakeshwar Kumbh Mela 2027
- Services Offered
- Savings accounts, Aapki Punji – Aapka Adhikar, social security schemes, Udyam registration, CKYC, instant loan approvals, BC services