Hyderabad: The Union Bank of India organized a mega credit camp for MSMEs in Hyderabad as part of its ongoing national campaign for MSMEs Festive Bonanza.
Nitesh Ranjan, ED, Union Bank of India pointed out the mega camp. During this special day of camp, Hyderabad Zone mobilized more than 400 new commercial accounts for an amount of Rs 1,600 crore.
The bank’s Hyderabad area has also launched a Cashless Campus facility providing digital payment gateways to 51 educational institutions in Telangana to support fee collection digitally. At the same time, it has also supplied over 9,500 FASTags to the entire Telangana State Road Transport Corporation (TSRTC) bus fleet.
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In order to give impetus to the MSME sector in commemoration of Azadi ka Amrit Mahotsav, the Union Bank of India launched from November 15, 2021 a special program called MSME Festive Bonanza Campaign offering competitive interest rates.
A series of MSME credit camps were conducted across India in 125 regions covering 18 areas. This mega MSME credit camp is held in various centers across India.
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