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Karnataka Bank launches KBL Micro Mitra, an exclusive product for Micro entrepreneurs


The Karnataka Bank has launched a new product viz. KBL Micro Mitra, wherein financial assistance up to Rs.10 lakhs can be provided to the Micro manufacturing and service enterprises either for working capital or for investment purposes. The facility comes with a simplified procedure and competitive rate of interest. While launching the product Shri Mahabaleshwara M. S., MD & CEO of the Bank said that “Micro and Small entrepreneurs play a vital role in the revival of the economy both in rural and urban India, besides creating huge job opportunities locally. As the economy is now in revival mode, timely credit assistance is crucial and I am sure ‘KBL Micro Mitra’ will be a true friend of the micro entrepreneurs. This facility is available across India through all the branches of Karnataka Bank. Bank will also come out with the digital version of the product shortly.”