Sa-Dhan Partners with Bol to Boost Financial Access for Small, Micro, and Women-Led Enterprises.

Banking & Finance

In April 2025, Sa-Dhan, a New Delhi (Delhi)-based Self-Regulatory Organisation (SRO) appointed by the Reserve Bank of India (RBI) for microfinance and impact finance institutions, signed a Memorandum of Understanding (MoU) with Bank of India (BoI), headquartered in Mumbai (Maharashtra).


      - The MoU aims to improve financial access for small, micro, and women-led enterprises, particularly in rural and semi-urban areas of India, thereby promoting financial inclusion and contributing to the national Sustainable Development Goals (SDGs).

      - The MoU was signed by Jiji Mammen, Executive Director (ED) and Chief Executive Officer (CEO) of Sa-Dhan, and P. R. Rajagopal, Executive Director of BoI.

     

Main Point :-   (i) The collaboration focuses on enterprise financing by providing loans to Self-Help Groups (SHGs) and individual entrepreneurs who are not part of SHGs. It also aims to foster co-lending partnerships with Microfinance Institutions (MFIs) to enhance credit access for underserved segments, particularly in rural and semi-urban areas.

      (ii) Another major focus area is climate and green financing, where both Sa-Dhan and Bank of India will support initiatives promoting the adoption of climate-resilient technologies and investments in environmentally sustainable projects. The partnership also includes funding for WASH (Water, Sanitation, and Hygiene) programs to improve rural sanitation and access to clean drinking water.

(iii) In addition, the MoU emphasizes financial literacy, with plans to conduct workshops and awareness programs. These will aim to educate rural entrepreneurs about various government welfare schemes and promote the use of digital banking tools to improve financial inclusion.

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