SBH launches new campaign

Hyderabad: State Bank of Hyderabad (SBH) launched a new campaign 'Shubh Labh’ for the benefit of micro & small entrepreneurs from October 15. The campaign will remain open till October 31. Under this, concessions in rate of interest and processing charges and upfront fees have been offered for entrepreneurs who wish to avail credit facilities for setting up a new unit, business or services. The offer is also valid for existing units which do not have any borrowing arrangements for the present, or those units who want fresh term loans for expansion/ modernisation etc. “Entrepreneurs who have availed banking facilities from other financial institutions and banks at higher rate of interest can shift their account to SBH and enjoy various concessions and maximise their profits,” the bank said in a release. Credit facilities for working capital requirements, term loans for purchase of machinery and equipments, commercial vehicles, car/taxi, construction equipments, can be availed, it added.