SBI and Muthoot Microfin launch co-lending initiative
Tue, Nov 26, 2024 3:54 PM

SBI and Muthoot Microfin launch co-lending initiative

A Flip by Avya Verma
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Muthoot Microfin has launched a co-lending agreement with State Bank of India to provide affordable loans to rural entrepreneurs, particularly women and small businesses, with SBI approving ₹500 Crore in tranches. Loans of ₹50,000 to ₹3 Lakh will be offered, supporting Muthoot Microfin's goal of increasing financial inclusion in rural India.

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