Canara Bank to establish micro enterprises biz centres

State-owned Canara Bank on Tuesday said it is establishing micro enterprises business centres in 47 locations across the country to have a focused attention to the segment. 

The bank said these centres would function from the Circle offices located in the 47 centres and act as a nodal point for all matters relating to micro enterprises segment, including various government schemes under the segment such as PMEGP, Weavers Credit Card Scheme and National Urban Livelihood Mission.

The Centres would also be handling the business development functions of the Bank under micro enterprises, mentoring and handholding of micro entrepreneurs, conducting financial literacy and awareness camps and also function as a follow up and monitoring cell for advances under micro enterprises, it added.