Question
The Delhi-based MSME Association, Chamber of Indian Micro, Small and Medium Enterprise (CIMSM
- E signed two MOUs with ___________ and ____________ to support the MSME sector with better access to structured financing as the banks.
Solution
MSME loan applications-The Delhi-based MSME Association, Chamber of Indian Micro, Small and Medium Enterprise (CIMSME) signed two MOUs with Central Bank of India and Union Bank of India. In addition to vetting loan applications, CIMSME will also handhold the MSMEs for duly filling up the application form and completing the necessary formalities. The rationale behind this partnership is to support the MSME sector with better access to structured financing as the banks will be confident that the proposal is received through a proper channel which is duly vetted and prima facie is in order. CIMSME Headquarters: Bengaluru Director General: Diwakar Bhattacharya Central Bank of India Headquarters: Mumbai MD & CEO: M.V.Rao Union Bank of India Headquarters: Mumbai CEO: A. Manimekhalai
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