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Wednesday, September 23, 2015

Dena Bank extends loan coverage

Dena Bank has extended the ‘Mudra’ loans, which are essentially meant for funding the unfunded, to 9,128 borrowers amounting to Rs.166.54 crore since the scheme was launched in April 2015, according to Ashwani Kumar, Chairman and Managing Director.

Speaking at the launch of the bank’s Mudra Card, Kumar said the bank plans to arrange Special Credit Camps all over India from September 25 to October 2 to extend Mudra loans.

It has been assigned a target of Rs.605 crore by the Centre for financing under the Pradhan Mantri MUDRA Yojana.

Source : Thehindubusinessline


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