Lakshmi Vilas Bank — cgtmse scheme

Address:

New Delhi, Delhi

I'm a partner at ronish baxter company and given the latest scheme of the government in nurturing and building capacity for growth of an sme via cgtmse scheme, i had approached lakshmi vilas bank to understand the benefits they can provide. The branch manager at janpath branch had absolutely no idea about the scheme and asked me to leave this scheme as the regional officer amul verma isn't keen on this government scheme and only wants collateral and will provide lending on 50% of the property value.

Without reviewing the business plan or anything of that sort they closed my case and said only when substantial collateral is in place to visit again. I asked about corporate cards, the sign board in the branch mentions tie-up with sbi however the person laughed at said "don't waste time as it is we are in a loss".

I'm amazed at this banking structure led by amul verma. He clearly is an egoistic man who has been given this position and isn't doing his job rightfully on scheme's which have been endorsed by the prime minister of india himself in parliament.