SIDBI signed a MOU With Jeevika Bihar & UMED Maharashtra To Extend Prayaas Scheme To State Rural Livelihood Missions.
Banking & Finance
Small Industries Development Bank of India (SIDBI) in association with Women’s World Banking (WWB) signed an MoU with Jeevika, Bihar State Rural Livelihoods Mission (SRLM) & UMED, Maharashtra-SRLM to extend Prayaas scheme to SHG Individual Women through Cluster Level Federations (CLF). This partnership will help in unlocking the potential of Cluster Level Federations and will establish a new and scalable credit distribution ecosystem. SIDBI in the pilot phase will partner 35-40 CLFs across Bihar and Maharashtra with a target of serving affordable credit of up to `2 lakhs to 5,000 Women Entrepreneurs. It is supported by a grant from MetLife Foundation as part of its commitment to fostering inclusive economic mobility for underserved and underrepresented communities.
Small Industries Development Bank of India (SIDBI)
Founded- 2 April 1990
HQ- Lucknow, Uttar Pradesh
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