Corporation Bank eyes Rs 20,000 Cr loans to SMEs

摘要

Corporation Bank is looking to reach Rs 20,000 crore loans to small and medium enterprises (SMEs) by March 2013.Recently, the public sector bank launched a credit scheme that charges 11.10 per cent (from 11.60 per cent) on loans up to Rs 1 crore to the SME sector. This is to encourage SME lending and fulfil the 40 per cent priority sector lending target.