Yes Bank launched YES MSME

New Delhi: Yes Bank's great initiative for Micro, Small and Medium Enterprises (MSME) to strengthen them, the ban launches YES MSME which will facilitate speedy and easy access to funds. 

Yes Bank said, the YES MSME is focusing on the supporting values which expand the growth of MSME business and accelarte the growth through solutions across lending, deposits, insurance, customized and segmented digital solutions for retail, manufacturing, wholesale, trade, and service providers. This also includes special current account offerings for the self-employed segment.

Under this Initiative the start-ups can avail up to Rs 5 crore collateral-free funding. The other facilities will also be provided like pre-approved commercial credit cards, advisory and wealth management solutions along with dedicated relationship managers.

Minister for MSMEs and road transport and highways Shri Nitin Gadkari said, "The MSME sector is the backbone of the Indian economy and accounts for 30% of the economy creating 11 crore jobs so far. Investment in the sector is the need of the hour and we are hopeful that concerted efforts by the industry and the Government will help expand it."