Confluence Of Fintech And Banks Is Unavoidable

Unlike most of the banks in India, Bank of Maharashtra has always believed in the power of small and medium enterprises (SME). Ravindra Prabhakar Marathe, Chief Executive Officer and Managing Director, Bank of Maharashtra, shares how they are adressing the needs of SMEs while adapting to new age technologies.

- Vanita Peter D'souza

What kind of support the bank is providing to the Micro, Small and Medium Enterprises (MSME)?

SMEs and MSMEs have contributed greatly to the economical growth of the country. However, many emerging and existing SMEs and MSMEs today are in need of finance to get ahead. Understanding the importance, Bank of Maharashtra offers various products to cater to the requirements of SMEs. Various schemes which have been launched in this respect are FASS (financial assistance to service sector), Maha MSME Project Loan Scheme, Maha MSME Machinery, Equpiment Loan Scheme, Maha MSME Cash Credit Scheme, Maha MSME Collateral Free Term Loan Scheme, Maha MSME Collateral Free Cash Credit Scheme, etc.

What is the total size of your loan and how much does SMEs contribute to it?