Thu, November 28, 2024
Wed, November 27, 2024
[ Wed, Nov 27th 2024 ] - Bill Williamson
Where to invest for 2025
Tue, November 26, 2024
Mon, November 25, 2024
[ Mon, Nov 25th 2024 ] - Bill Williamson
Business & Finance
Sun, November 24, 2024
Fri, November 22, 2024
Tue, May 9, 2017
Tue, April 18, 2017
Tue, March 21, 2017
Fri, February 17, 2017
Mon, January 30, 2017
Thu, October 6, 2016
Wed, October 5, 2016
Tue, October 4, 2016
Wed, September 28, 2016
Mon, September 26, 2016
Fri, September 23, 2016
Thu, September 22, 2016
Wed, September 21, 2016
Tue, September 20, 2016
Mon, September 19, 2016
Fri, September 16, 2016
Thu, September 15, 2016
Wed, September 14, 2016
Tue, September 13, 2016
Mon, September 12, 2016
Fri, September 9, 2016
Thu, May 9, 2013
Wed, May 8, 2013
Tue, May 7, 2013

SBI and Muthoot Microfin launch co-lending initiative to support rural entrepreneurs


//business-finance.news-articles.net/content/202 .. g-initiative-to-support-rural-entrepreneurs.html
Published in Business and Finance on Monday, November 25th 2024 at 12:48 GMT by Bill Williamson   Print publication without navigation

  • Under this collaboration, SBI has sanctioned a
  • 500 crore limit, which will be disbursed in tranches of
  • 100 crore.

The State Bank of India (SBI) and Muthoot Microfin have launched a co-lending initiative aimed at providing financial support to rural entrepreneurs, particularly women, in India. This partnership will offer loans up to Rs 10 lakh to help these entrepreneurs expand their businesses. The initiative leverages SBI's extensive network and Muthoot Microfin's expertise in microfinance to deliver affordable credit solutions. The loans will be disbursed through a digital platform, ensuring quick and efficient service. This collaboration is part of a broader effort to enhance financial inclusion and support economic growth in rural areas by making credit more accessible and tailored to the needs of small-scale entrepreneurs.

Read the Full cnbctv18 Article at [ https://www.cnbctv18.com/business/finance/sbi-muthoot-microfin-launch-co-lending-initiative-rural-entrepreneurs-limit-19514209.htm ]

Publication Contributing Sources