Archive · 24 Nov 2025
Central Bank of India Launches MSME Credit Outreach
The Central Bank of India in Visakhapatnam held a special event to help small businesses.
They talked about loans and digital services that can help these businesses grow.
They also gave approval letters to new borrowers.
A lot of money, Rs 56 crore, was given to these small businesses.
People who attended the event were happy with the bank's services and how quickly they process things.
The bank wants to make sure small businesses can get the money they need to succeed.
Central Bank of India's regional office in Visakhapatnam organized an MSME credit outreach campaign.
Chanchal Kumar, DFO, MSME, emphasized the importance of accessible credit for MSME growth.
The bank presented its MSME loan schemes, digital services, and initiatives to promote entrepreneurship.
Sanction letters were distributed to newly onboarded MSME borrowers.
A total of Rs 56 crore was extended to MSME borrowers during the campaign.
- Who
- Central Bank of India, regional office in Visakhapatnam
- What
- Launched an MSME credit outreach campaign
- When
- Not specified
- Where
- Visakhapatnam
- Why
- To support and empower the MSME sector by providing accessible credit and promoting business expansion
- Location
- Visakhapatnam
- Organizer
- Central Bank of India, regional office
- Chief Guest
- Chanchal Kumar, DFO, MSME
- Total Credit Extended
- Rs 56 crore
- Key Highlight
- Sanction letters distributed to new borrowers
- Focus Areas
- MSME loan schemes, digital services, entrepreneurship promotion
- Participant Feedback
- Positive feedback on services and processing