Loan mela conducted

Syndicate Bank organised a loan mela for small and medium business entrepreneurs recently to aimed at more employment opportunitiesand income generation.

A total of 525 proposals, amounting to Rs. 23 crore, were sanctioned and letters issued to customers. M.S. Sampath, vice-president, Madurai District Tiny and Small-Scale Industries Association, said such melas were crucial in encouraging young entrepreneurs.

M. Prasad, general manager, Syndicate Bank, said, “The Union government is concentrating more on MSME sector because it helps to improve the economy. The startling growth in the area needs to be encouraged.”

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