Bajaj Dealers to Find Inventory Finance as part of Company’s Tie-up with SBI
By
Biz2Credit Advisor
Bajaj Auto has signed a deal with State Bank of India to provide inventory finance to its dealers. The tie-up will facilitate receiving between 25-lakh-5-crore cash credit to dealers of Bajaj Auto who predominantly fall in SME category according to SBI norms.
The loans are subject to necessary approvals and will be sanctioned and disbursed at competitive interest rates. ...
TAGS Tags: Bajaj Auto, loans, SBI, SME, State Bank of India
CATEGORIES Auto, Small Business Loans, Small Business News
The auto component Manufacturers’ Association of India (ACMA) revealed that the domestic auto component industry has pegged 20% growth in the year 2009-10. Its turnover remained US$ 22 billion. The reason for such growth has been the expansion activities undertaken by SMEs manufacturing auto component so as to meet the growing demand of automobiles in the country. According to Jayant Davar, ...
TAGS Tags: ACMA, economic, growing demand of automobiles, industry, recovery, SMEs, SMEs manufacturing, US and European markets
CATEGORIES Auto, Industry Expert, Operational Advice
Coimbatore has become a hot bed of e-marketing. The adoption of internet based marketing has resulted in rise of job orders from overseas customers. Coimbatore has more than 50,000 SMEs, and this initiative has reduced marketing costs and increased international job orders. The Tamil Nadu Association of Cottage and Micro Enterprises (TACT) disclosed that 15 percent of units in Coimbatore are ...
