Uncertainty grips MSMEs: Kerala Bank CEO

added 29.06.2020 06:23

by K. A. Martin from thehindu.com
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Micro, small and medium enterprises (MSMEs) in the State are facing more than shortage of funds.

Some of the old opportunities may disappear and new ones would emerge, P.S. Rajan, chief executive officer of Kerala State Cooperative Bank (Kerala Bank) said on Sunday.

He said Kerala Bank too had MSMEs as a priority area lending at a rate at which the bank did not make a loss or profit.

Agencies such as Kerala Financial Corporation and Kerala State Industrial Development Corporation too are extending a hand to MSMEs.

Meanwhile, the Kerala Bank held its first customer meet in Kochi last week with Mr. Rajan inaugurating the programme from the bank headquarters in Thiruvananthapuram in a video conference.