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SIDBI Signs MoU with TCL to Enhance Financing Opportunities for MSMEs.

Economy Business | Dated: 28 Feb 2025

In February 2025, Small Industries Development Bank of India (SIDBI), based in Lucknow (Uttar Pradesh, UP), and Tata Capital Limited (TCL), based in Mumbai (Maharashtra), signed a Memorandum of Understanding (MoU) to collaborate in financing Micro, Small, and Medium Enterprises (MSMEs).

🎯 Key Highlights:

  • - The MoU was signed by Vivek Kumar Malhotra, Chief General Manager (CGM) of SIDBI, and Vivek Chopra, Chief Operating Officer (COO) of Retail Finance at TCL, in the presence of senior officials from both organizations.

💡 Other Important Facts:

  • (i) The partnership aims to strengthen the MSME ecosystem by offering funding for machinery and equipment financing, working capital, Cash Credit (CC), Overdraft (OD), business loans, loans against property, and more.
  • (ii) Furthermore, risk sharing, co-lending, and joint financing options will be explored to extend credit facilities to MSMEs.

📚 Test Your Knowledge:

Recently, which company signed an MoU with SIDBI to enhance financing opportunities for MSMEs?

Correct Answer: Tata Capital Limited

🚀 Quick Recap: