Public sector bank – Canara Bank has planned to help the entrepreneurs through its MSME facilitation centre. The bank will be providing collateral free loans to the women wishing to stat up their business.
The MSME centers of the bank are set up to serve the needs of the entrepreneurs basically. Bank is having five MSME facilitation centre located at Hyderabad, Chandigarh, Noida, Mumbai and Coimbatore.
Through these centre the bank wish to assist the people who aim to start up their own business. Bank will encourage and aware people regarding various government schemes New Entrepreneur-cum-Enterprise Development Scheme (NEEDS) and Unemployed Youth Employment Generation Programme . Highlighting the advantages of theses centre it was also stated that This Facilitation Centre will help imbibe confidence by giving finance to the deserving candidates.