Image Source : The Statesman
The Central Bank of India recently organized a large-scale credit outreach programme at the India International Convention Centre in New Delhi, aiming to expand access to credit across priority sectors and support economic growth. With participation from thousands of customers and stakeholders, the event underscored the bank’s commitment to financial inclusion and strengthening the flow of funds in retail and Micro, Small and Medium Enterprises (MSME).
Key Highlights From The Credit Outreach Programme
The bank distributed sanction letters worth Rs 282 crore primarily covering retail and MSME loans, demonstrating significant credit deployment.
The event saw active involvement of senior bank officials including Mukul Dandige, Chief General Manager, Central Office, and Shishram Tundwal, Zonal Head Delhi, who personally handed over sanction letters.
The programme was designed to increase lending transparency and make credit availability more customer-friendly and timely.
Over 7000 attendees from business groups, entrepreneurs, and individual borrowers participated, emphasizing the wide outreach and sectoral diversity.
Focus On MSME And Retail Lending
MSME segment remains a strategic priority for Central Bank of India, given its critical role in employment generation and economic development.
The bank is enhancing tailor-made loan products with attractive terms to support MSMEs in sectors such as manufacturing, trading, and services.
Retail credit initiatives focus on meeting personal finance needs, home loans, education loans, and vehicle financing.
The outreach programme also provided a platform for clarifying policy updates, loan application procedures, and grievance redressal mechanisms.
Special emphasis was placed on empowering women entrepreneurs and encouraging their participation in the formal credit ecosystem.
Why Such Programmes Matter
Credit access is vital for restarting business cycles and supporting the livelihoods of millions, especially post the disruptions caused by the pandemic.
Expanding credit to underserved segments boosts overall economic activity and inclusive growth.
Transparent and customer-centric credit programs help build trust and reduce loan defaults.
Regular outreach facilitates real-time feedback from customers, enabling the bank to refine products and services.
Empowered by credit, small businesses and individuals contribute to a dynamic and resilient economy.
Statements From Leadership
Mukul Dandige highlighted that the Central Bank of India is dedicated to delivering accessible, timely, and reliable credit services tailored to customer needs.
He emphasized the bank’s role as a partner in socio-economic development and nation-building through effective financial services.
Zonal Head Shishram Tundwal reiterated the bank’s resolve to deepen relationships with customers and accelerate credit flow to priority sectors.
Both leaders stressed that this programme marks a renewed commitment to fostering financial inclusion through innovative outreach.
Looking Ahead: Broader Financial Inclusion Goals
The Central Bank of India plans to replicate such programmes across different regions for wider coverage.
Digital technologies and mobile banking are integral to enhancing credit accessibility and customer experience.
Collaborations with government schemes and industry bodies will further support MSMEs and retail borrowers.
Continued efforts aim to reduce the credit gap and support India’s ambitious target of doubling farmer income and empowering micro-entrepreneurs.
In Summary
The Central Bank of India’s credit outreach programme in New Delhi marks a proactive step in expanding credit access to retail customers and MSMEs. With loan sanctions worth hundreds of crores and active participation from key stakeholders, the initiative reflects the bank’s dedication to inclusive growth and a robust credit ecosystem. Such efforts are critical in driving India’s economic revival and supporting the backbone of its economy — small businesses and households.
Source: Jagran, The Statesman, Free Press Journal, Central Bank of India Official Releases
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