NAVYUGNov 10, 2021YES bank MSME loan rs 5 crore | YES MSME INITIATIVE | Rs 5 CRORE COLLATERAL FREE LOAN |NAVYUGTo strengthen the Micro, Small and Medium Enterprises (MSMEs), YES BANK has recently launched YES MSME — an initiative that will facilitate "speedy and easy access to funds" to MSME sector. Key features of YES MSME are1) The bank is offering easy borrowing channels with customised funding — government schemes, trade and finance SME initial public offering (IPO), investment banking (IB), a dedicated MSME Cell, parameterised product solutions for ease along with quick fetching of GST/ITR details, enabling faster access.2) The sweep-in facility from the current account to savings account/fixed deposit will be available. There will be focused programmes for more savings– YES Premia, YES First Business and assets-focused loyalty rewards programme.3) YES Spark offers collateral-free funding up to ₹5 crore for start-ups, along with consultancy and enterprise resource planning. Fintech partnerships and digital payroll solutions will also be provided.4) YES Biz Connect – a collaborative solutions to build strong market linkages involving over 700 industry associations will be offered along with tech-based partner solutions, knowledge sharing via advisories, MSME newsletters and discussion forums.5) Business insurance products and individual – life, health, general will be available under this initiative. Moreover bank will provide wealth solutions and investments.View video at NAVYUG
NAVYUGTo strengthen the Micro, Small and Medium Enterprises (MSMEs), YES BANK has recently launched YES MSME — an initiative that will facilitate "speedy and easy access to funds" to MSME sector. Key features of YES MSME are1) The bank is offering easy borrowing channels with customised funding — government schemes, trade and finance SME initial public offering (IPO), investment banking (IB), a dedicated MSME Cell, parameterised product solutions for ease along with quick fetching of GST/ITR details, enabling faster access.2) The sweep-in facility from the current account to savings account/fixed deposit will be available. There will be focused programmes for more savings– YES Premia, YES First Business and assets-focused loyalty rewards programme.3) YES Spark offers collateral-free funding up to ₹5 crore for start-ups, along with consultancy and enterprise resource planning. Fintech partnerships and digital payroll solutions will also be provided.4) YES Biz Connect – a collaborative solutions to build strong market linkages involving over 700 industry associations will be offered along with tech-based partner solutions, knowledge sharing via advisories, MSME newsletters and discussion forums.5) Business insurance products and individual – life, health, general will be available under this initiative. Moreover bank will provide wealth solutions and investments.View video at NAVYUG
