Neyyattinkara Taluk Loan Mela Drives MSME Growth with Rs 4.16 Crore Sanctions
A significant bankers' meet and loan mela, organized under the leadership of the Neyyattinkara taluk industries office, has successfully sanctioned loans worth Rs 4.16 crore to local entrepreneurs. This event, held at the PWD Rest House, brought together leading banks operating within the taluk limits, fostering a collaborative environment for economic development.
New Projects and Entrepreneurial Enthusiasm on Display
In addition to the loan disbursements, the meet featured the presentation of new projects valued at Rs 11.36 crore to participating banks. This highlights a growing interest in entrepreneurship and industrial development in the Neyyattinkara region, signaling a positive trend for local economic expansion.
Officials emphasized that the initiative was designed to strengthen the Micro, Small, and Medium Enterprises (MSME) sector by facilitating easier access to institutional finance. By bridging the gap between financial institutions and small-scale entrepreneurs, such meets play a crucial role in accelerating industrial growth and employment generation in the area.
Key Participants and Awards Ceremony
The programme was inaugurated by Neyyattinkara municipal chairperson W R Heeba, with municipal vice-chairperson K K Shibu presiding over the function. During the event, Canara Bank and State Bank of India were honored with awards for extending the highest number of loans to the MSME sector in Neyyattinkara taluk, recognizing their commitment to supporting local businesses.
Approximately 100 entrepreneurs participated in the meet, presenting their business ideas directly to bank officials and initiating preliminary procedures to avail loans. The interactive platform enabled entrepreneurs to clarify queries related to:
- Credit eligibility
- Documentation requirements
- Repayment mechanisms
Wide Attendance and Positive Outlook
Several officials and public representatives attended the programme, including:
- Councillor Supriya Mahesh
- Thiruvananthapuram lead district manager Jayamohan S
- Assistant district industries officer Shefin M B
- Industries development officers Shibu K S, Asha V V, Anish Kumar P, and Ashwin Ravi
Officials noted that the positive response from both banks and entrepreneurs reflects increasing confidence in local enterprises. The taluk industries office underscored the importance of such meets in fostering a supportive ecosystem for small businesses, which is essential for sustainable regional development.
The successful loan mela not only provides immediate financial support but also sets the stage for future industrial initiatives, reinforcing Neyyattinkara's potential as a hub for entrepreneurial activity.
