Canara Bank announced to provide loan assistance to all its creditors affected by covid-19. The bank has issued a statement in this regard saying that Canara Credit Support is a scheme to provide loans in a quick and hassle-free manner to creditors struggling with immediate cash problems. According to the bank, this loan assistance can be used by creditors for payment of statutory arrears, payment of salary / electricity bills and rent.
In a statement issued by Canara Bank, in its statement, it said that the company has approved about 6 lakh loans worth Rs 4,300 crore for agriculture sector, self-help groups and retail category. The bank is contacting the eligible creditors through SMS, call center, email and phone and informing them about the scheme.
Apart from this, Canara Bank MD and CEO LV Prabhakar has said, We are confident that after the complete withdrawal of the lockdown, our customers will be able to fully take advantage of the loan sanctioned by the bank. And make your business better. ”