Tue, November 26, 2024
Mon, November 25, 2024
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

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

  Copy link into your clipboard //business-finance.news-articles.net/content/202 .. g-initiative-to-support-rural-entrepreneurs.html
  Print publication without navigation Published in Business and Finance on by Bill Williamson
          🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source
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 ]