Polaris Bank has won the Best Bank for MSME Award 2024 for the third time. MSMEs are the country’s fastest-growing sector, producing almost half of its GDP. This Nigerian bank has never failed to impress anyone with its services for MSMEs. The bank’s continuous wins show the seriousness of its efforts to grow the country. It has surely had a positive impact on the industries.
This Bank Becomes The Best Bank For MSME After Winning Best Bank For MSME Award
After receiving this award for the third time in a row, Polaris Bank becomes the best bank for MSME. The Nigerian bank is known for offering various services such as accounts, digital channels, and security tips. It comes under the category of commercial bank and started in 2018. The bank has become the leading player supporting MSMEs in just a few years. It has won several other awards as well over the past six years. Polaris Bank has been known for receiving the Best Digital Bank of the Year award from Business Day’s Banks and Other Financial Institutions (BAFI) Awards.
Not only they but also the experts at MSME Finance Awards appreciated the same. Another question arises among people about how the MSME decided the company to be eligible for this award. The company has made a lot of efforts in the growth of entrepreneurship. In Nigeria, MSMEs play a crucial role. They employ a large number of people in the country.
The MSMEs are boosting in different countries. In India also, MSMEs contribute to a great opportunity for the employees. It creates some jobs across different sectors. The Indian government has also taken steps to promote their business across the country. In conclusion, MSMEs in Nigeria are growing over the past few years. The segment has become one of the greatest employment providers in the country. Where Polaris Bank has contributed to a great extent to these MSME’s growth through its consistent financial support.
MSMEs face difficulty in raising funds. However, the bank has helped in providing funding to these small-scale entrepreneurs in their business. This is why the bank received the Best Bank for MSME award recently. It’s been the third time that the bank received this title. Thus, it marks its significance in the MSME world. We hope you get enough details about Polaris Bank above. Stay tuned for more information on our website Business Patrika.