B.O, Peenya, Bangalore has been time and again interacting with MSMEs to understand and meet their needs. Recently, branch was approached by the members of Corrugated Manufacturers Cluster for their financial and marketing support.
Matter was discussed with the members, taken their financial need and arranged the meeting with YES Bank who have readily agreed to help the Cluster needs.
Shri.Vaibha Sharma, Sr.Vice President of YES Bank of Karnataka Circle along with his team have attended the meeting and addressed the 40 cluster members and informed that they are ready to take-up their financial needs and also agreed to extend the Bank Guarantee to each and every unit for their Raw Material Purchase exclusively through NSIC. They have listed the documents to be furnished and informed to submit the same to our Office for our onward forwarding the same to YES Bank. If all the documents are ready, they have expressed their willingness to fix a date wherein the spot sanctions can also be initiated.
As the said platform was idle even to discuss the addition of new material, we have taken-up their raw material requirement and are in the process of discussing with bulk manufacturers who can offer the best price.