SBI and Muthoot Microfin join forces to support women entrepreneurs.

MOUs and Agreement

Muthoot Microfin partners with State Bank of India to provide financial services to women in rural and semi-urban areas. The co-lending initiative targets joint liability groups involved in agriculture and other income-generating activities, offering loans ranging from Rs 10,000 to Rs 3 lakh. Muthoot Microfin on Thursday announced a strategic co-lending partnership with the State Bank of India to extend its financial services to women in the economically weaker segment in rural and semi-urban regions across India.


      Muthoot Microfin and SBI will co-lend to members of joint liability groups who are engaged in agricultural and allied activities as well as other income-generating enterprises.

      The loan amounts will range from Rs 10,000 to Rs 3 lakh, Muthoot said.

     

 

     


About RBI

Chairman - Dinesh Kumar Khara
HQ - Mumbai
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