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  1. CICU Organized spot sectioned Loan Mela for MSMEs

    Chamber of industrial & Commercial Undertakings in association with YES Bank organized spot sanctioned Loan Mela for MSMEs in its premises situated at CICU Complex, Focal Point, Ludhiana.


    Sh. Avtar Singh, President of the Chamber said that this type of financial Mela will help the MSMEs of Ludhiana in getting financial assistants under the various schemes of Government of India. It has been stressed that finance to the allegeable MSMEs to be provided under the CGFTS scheme and Bank has agreed to sanctioned loan under the scheme.


    Sh. Upkar Singh Ahuja, General Secretary of the Chamber informed that the demonetization has affected the growth of the MSMEs and units need liberal finance to compete in the National and International Markets. 


    Sh. Amar Bhardwaj, Regional Credit Head along with Sh. Amritinder Singh and Sh. Mandeep Singh, Cluster Heads of YES Bank along with their team members scrutinize the documents of the interested units and 27 in principal sanctioned on the spot ranging from Rs. 40 to 50 Crores.


    More than 78 MSMEs units participated in this Loan Mela which includes S/Sh. Gurdeep Singh Batra, R.S Mishra, Abhimanu Mishra, Sudarshan Gosai, Satinder Pal Singh, S.S Bedi, Shasheesh Saini, T.R Misra, Manjit Singh, Ambrish Dutta, Kulwinder Singh, Gurwinder Singh, Vineet Garg, Ankur Gupta, Jasbir Singh, Hari Om Kochar and others.