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State Bank’s financial package for SSIs

PUDUCHERRY: The State Bank of India on Monday launched a special financial package for the benefit of Small Scale Industries functioning from the four industrial estates of Thattanchavady, Mettupalayam, Thirubuvanai and Sederapet in Puducherry.

Some of the highlights of the scheme included waiver of 50 per cent of upfront fees and processing charges, cash credit limit of a minimum of 20 per cent of the projected turnover and single interest rate for long and short term loans, a release from the State Bank of India, Puducherry branch said. The offer would benefit around 450 SSI’s functioning from the four industrial units, the release said. The bank organised a meet with members of the industrial units to apprise them about the salient features of the scheme. Among others, Chief Manager (DBD) of the State Bank of India P.Seshadri and president of Pondicherry Chamber of Industries S.Kanakasabapathy participated in the meeting.

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