Telangana minister for excise and prohibition said the District Cooperative Central Bank of Mahabubnagar would provide loans of Rs 60 crore to those running MSMEs in the district, reports Telangana Today.
The minister made this announcement while giving loans to scores of MSME owners.The minister urged the people not to avail loans from private money lenders.
Speaking in the function, Mahabubnagar DCCB Chairperson Nizam Basha, said this was the first time that non-cooperative members who owned micro and small businesses were being given loans.