Awareness meet on credit facilities

Vijayawada: Many potential entrepreneurs have ideas and plans to set up industries. But, due to lack of proper guidance and advice on availing the bank loans, they face many difficulties.

In order to create awareness on credit facilities being offered by banks, the Government of Andhra Pradesh has set up Credit Facilitation Bureau (CFB) with NABARD Consultancy Services (P) Ltd, wholly owned subsidiary of National Bank for Agriculture and Rural Development (NABARD).

Various trade, industry and business associations are conducting awareness meeting in association with NABARD Consultancy Services to create awareness on credit facilities.

The Andhra Chamber of Commerce and Industry is conducting an awareness meeting at Andhra Pradesh Chamber on Wednesday with entrepreneurs to create awareness on credit facilities available.

In a press release issued here on Tuesday by AP Chamber of Commerce and Industry Federation (APCCIF) president Muthavarapu Muralikrishna said the NABCONS intends to bridge the gap between the banks and entrepreneurs in finding a right approach in availing credit facilities which would help the potential entrepreneurs for setting up new units.

Representatives of trade, transport sector, tourism, food processing, horticulture, fisheries will attend the meeting.