ENA MSME 2017-11-27 06:34:40 <p><strong>New Delhi, Nov 27 (KNN)</strong> In a bid to address the Small and Medium Enterprises (SME) credit market, Muthoot Finance recently launched a new loan scheme tailored for the SMEs.</p> <p>Under the new scheme, Muthoot Finance will be offering loan at an annual interest rate of 12 per cent.</p> <p>At present Muthoot offers loan at 14-16 per cent interest, with a 12 per cent interest scheme, the firm expects to attract more Small and Medium Enterprises.</p> <p>K R Bijimon, CGM of Muthoot Finance in a press interview informed of the latest development.</p> <p>He further said that the new scheme offers SME loans in the best way possible. Also the new scheme is expected to benefit different sections of the client base, he said.</p> <p>The company expects to increase its customer base in high loan category to 10 per cent from four per cent by June next year, Bijimon added.</p> <p>Muthoot finance, the Kerala headquartered company, operates through its 4,400 branches throughout the country. <strong>(KNN/DA)</strong></p> 18499 http://knnindia.co.in/news/newsdetails/msme/muthoot-finance-rolls-out-new-loan-scheme-for-small-and-medium-enterprises 2017-11-27 06:34:40 knnindia.co.in