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


Published on 2024-11-25 12:48:18 - Bill Williamson, WOPRAI
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  • 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 ]
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