Public sector bank – Syndicate bank has unveiled a new scheme especially women. The bank has introduced special scheme for the women entrepreneurs. The executive director of the bank Mr. T K Srivastava stated that with the aim to encourage and assist the women entrepreneurs the bank has launched this new scheme.
The scheme named ’Synd Mahila Shakti Scheme’ will offer the women entrepreneurs with the loan up to Rs 5 crore at lower interest rates. Further there will be no processing charges. Till now bank has sanctioned 17,500 loans to women entrepreneurs.