Union Bank steps up on MSME support

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Union Bank of India, Goa, is initiating measures to boost Goa’s MSME sector. The bank recently launched SARAL LITE (Systematic Appraisal and Risk Assessment of Loan) centre to make the banking services easy, fast and hassle free for Goa’s small units. The center according to officials, will accelerate growth of MSME units through focused sales and marketing and by way of better credit appraisal and expertise for processing of loan proposals. SARAL LITE was inaugurated on June 21 by PS Rajan, general manager, HC Mittal, field general manager and V K Sinha, regional manager at Model Residency, St. Inez. The event was attended by senior executives and bank officials. All MSME loan proposals more than Rs 10 lakh will be processed at the center.