28 February 2025
The Small Industries Development Bank of India (SIDBI) and Tata Capital Limited (TCL) signed a Memorandum of Understanding (MoU) on Tuesday to broaden financing options for Micro, Small, and Medium Enterprises (MSMEs).
This partnership aims to enhance the MSME ecosystem by providing funding for machinery and equipment, working capital, business loans, and loans against property. Additionally, the collaboration will explore strategies such as risk-sharing, co-lending, and joint financing to improve credit access for MSMEs.
The MoU was signed by Shri Vivek Kumar Malhotra, Chief General Manager of SIDBI, and Shri Vivek Chopra, Chief Operating Officer of Retail Finance at TCL, in the presence of senior officials from both organizations.
The Small Industries Development Bank of India (SIDBI) and Tata Capital Limited (TCL) signed a Memorandum of Understanding (MoU) on Tuesday to broaden financing options for Micro, Small, and Medium Enterprises (MSMEs).
This partnership aims to enhance the MSME ecosystem by providing funding for machinery and equipment, working capital, business loans, and loans against property. Additionally, the collaboration will explore strategies such as risk-sharing, co-lending, and joint financing to improve credit access for MSMEs.
The MoU was signed by Shri Vivek Kumar Malhotra, Chief General Manager of SIDBI, and Shri Vivek Chopra, Chief Operating Officer of Retail Finance at TCL, in the presence of senior officials from both organizations.
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