One stop funding & business solutions for MSMEs in Bengaluru by ICICI Bank

ICICI Bank has recently launched a dedicated centre in Bengaluru to provide business solutions exclusively to start-ups and small business owners in order to offer them hassle free services, all under one roof. This centre has been designed to cater to the growing and varied needs of the MSME segment.

Funding & Business solutions now available more easily for MSMEs and Start-ups in Bengaluru

THE PROBLEM

The complex procedures, lack of proper guidance, confusion regarding documentary requirements and cumbersome processes of appraisal and disbursement in traditional banking channels act as a deterrent for MSMEs looking to raise funds for their working capital requirements.

THE SOLUTION

Mr. Sandeep Batra, Executive Director (Designate), ICICI Bank along with Mr. Viral Rupani, Retail Business Head — South, ICICI Bank inaugurated ICICI Bank’s first centre which is designed to offer solutions to varied needs of the MSME segment. This is a first of its kind initiative by ICICI Bank to provide business solutions exclusively to start-ups and small business owners in order to offer them hassle free services.

Dedicated business Solutions for Start-ups & MSMEs at ICICI Bank in Bengaluru

The services offered to MSMEs at the centre include:

  • Hassle-free working capital loans of upto Rs. 20 crore, instant overdraft facility of upto Rs. 15 lakh and business loans (based on GST returns) of upto Rs. 1crore.

  • Best-in-industry solutions for trade finance and business solutions developed by ICICI Bank catering to the MSME segment.

  • Working capital loan specialists, trade solution specialists, and credit and operations teams will be available at the centre to cater to all the needs of MSMEs, under one roof.

  • The centre also has a legal and valuation desk to assist customers in resolving challenges pertaining to collaterals offered for various loans.

FINAL THOUGHTS

Based on our experience of working in the MSME segment, we believe that this is a significant step taken by one of the leading Banks to serve the underserved and unbanked MSME sector which has, for long, been the backbone of the economy. We highly recommend MSMEs in Bengaluru to visit the centre and avail the benefits of the services tailor-made for them.

Comments

  1. Anonymous20 July 2019 at 03:15

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    ReplyDelete
  2. Gurjit singh22 January 2020 at 22:22

    Thanks for sharing this greate information aboute MSME.
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