Latest Banking jobs   »   SBI commits to finance 1000 entrepreneurs...

SBI commits to finance 1000 entrepreneurs in Nagaland through partnership with Business Association

Table of Contents

SBI commits to finance 1000 entrepreneurs in Nagaland through partnership with Business Association: The State Bank of India (SBI), in collaboration with the Business Association of Nagas (BAN), has decided to provide financial assistance to 1000 entrepreneurs. A Memorandum of Understanding (MOU) has been signed between the two parties to facilitate the ease of doing business and finance MSMEs of Naga entrepreneurs in the state.

News Highlights

  • The NIIE trade fair ended on a high note, with the iconic signing of an MOU between SBI and BAN, which will bring hope and relief to the state’s genuine entrepreneurs.
  • Under the terms of the agreement, the BAN will assist in the identification and preparation of MSME through project screening, documentation, and submission to SBI.
  • Once the loan is approved, the association will be responsible for training on bookkeeping, GST filing, statutory compliances, and so on.
  • It also stated that the BAN will closely monitor, supervise, and actively intervene to prevent any loan from becoming irregular.
  • SBI and BAN will conduct quarterly performance reviews of all beneficiaries.

About SBI

  • Current Chairman: Dinesh Kumar Khara
  • Headquarters: Mumbai
  • Taglines: “A Bank Of The Common Man,” “Pure Banking Nothing Else,” “The Banker To Every Indian,” “The Nation Banks On Us,” “With You All The Way,” and “You Can Always Bank On Us.”
  • State Bank of India is the largest commercial bank in terms of assets, deposits, branches, clients, and personnel.
  • It is the country’s largest mortgage lender, having helped over 30 lakh Indian families realize their dream of owning a home.
Twitter verified badge to cost $8 a month UPI transactions grow 7.7 percent to 730 crore in October
Bank of Baroda launches BoB World Opulence, BoB World Sapphire premium debit cards Indian Exim Bank inks pact with Southern Africa’s leading bank to boost India-Africa trade
SBI logs highest-ever quarterly profit in the 2nd quarter (Banking) UIDAI launched new chatbot ‘Aadhaar Mitra’

Download your free content now!

Congratulations!

SBI commits to finance 1000 entrepreneurs in Nagaland through partnership with Business Association_70.1

Download Hindu Review of October 2021: Free PDF

Download your free content now!

We have already received your details!

SBI commits to finance 1000 entrepreneurs in Nagaland through partnership with Business Association_80.1

Please click download to receive Adda247's premium content on your email ID

Incorrect details? Fill the form again here

Download Hindu Review of October 2021: Free PDF

Thank You, Your details have been submitted we will get back to you.

Leave a comment

Your email address will not be published. Required fields are marked *