KBL Micro Mitra Launched By Karnataka Bank To Help Micro Business Concerns: Read To Know More

KBL Micro Mitra Launched By Karnataka Bank To Help Micro Business Concerns: Read To Know More

June 23: The Karnataka Bank has launched KBL Micro Mitra, to provide financial assistance to Micro manufacturing and service enterprises.
Under this scheme, financial assistance of up to Rs 10 lakh can be provided to Micro manufacturing and service enterprises either for working capital or for investment purposes with a simplified procedure and a competitive rate of interest.
Bank’s Managing Director and Chief Executive Officer (CEO) Mahabaleshwara M S launched the product. He mentioned that KBL Micro Mitra will be a true friend of the micro entrepreneurs as the economy is now in revival mode, timely credit assistance is crucial.
This facility is available across India through all the branches of Karnataka Bank and will also come out with the digital version of the product shortly, he added.

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