Hotline: 1800 102 2007
X
Search Business Opportunities
2012-11-26

SIDBI signs MoU with banks to increase MSME lending

In yet another initiative to boost lending to the MSME sector, Small Industries Development Bank of India (SIDBI) has signed a memorandum of understanding (MoU) with regional rural banks (RRB) and urban co-operative banks (UCB) in Rajasthan for increasing

In yet another initiative to boost lending to the MSME sector, Small Industries Development Bank of India (SIDBI) has signed a memorandum of understanding (MoU) with regional rural banks (RRB) and urban co-operative banks (UCB) in Rajasthan for increasing credit flow to small enterprises.

RRBs, UCBs, and district central cooperative banks (DCCBs) are well-suited to meet their requirements but presently do not have the required expertise for lending to micro enterprises. 

Considering the importance of capacity building of DCCBs, RRBs and UCBs across the country, SIDBI is extending capacity building support to select RRBs, UCBs and DCCBs for micro enterprises loans. Towards this goal, a MoU was executed on pilot basis with six RRBs and four UCBs of Rajasthan at SIDBI’s Jaipur regional office.

 It aims at training their staff on project appraisal, monitoring and collection as also providing them free access to software on Downscaling Methodology developed for lending to micro enterprises. This methodology focuses on cash flow base landing instead of the traditional security based lending adopted by banks.

It is expected that this MoU signing will strengthen relations between SIDBI, RRBs and UCBs, and also take ahead the MEL financing to the missing middle segment of economy.

The MoU was signed by Jaipur Regional Head M K Sharma in the presence of CMD of SIDBI Sushil Muhnot.

Related opportunities
  • Quick Service Restaurants
    About: Made -with - more was launched in 2015 in New..
    Locations looking for expansion Delhi
    Establishment year 2015
    Franchising Launch Date 2017
    Investment size Rs. 10lac - 20lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Aviation & Hospitality Training Institute
    About Us:  Young chef India schools is a concept floated by..
    Locations looking for expansion West Bengal
    Establishment year 1994
    Franchising Launch Date 2018
    Investment size Rs. 20lac - 30lac
    Space required 1100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Kolkata West Bengal
  • Quick Service Restaurants
    About: Upper Crust Foods Pvt. Ltd. is a 5-year-old company which..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Pathological Labs
    About: UFirst Diagnostics is the leading NABL certified pathology lab with..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 2lac - 5lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts