Muthoot Microfin enters into co-lending partnership with State Bank of India

Daily Current Affairs / Muthoot Microfin enters into co-lending partnership with State Bank of India

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Category : Business and economics Published on: June 08 2024

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Muthoot Microfin has announced a strategic co-lending partnership with the State Bank of India (SBI) to provide financial services to women entrepreneurs in rural and semi-urban regions across India.
Under this partnership, Muthoot Microfin and SBI will co-lend to members of Joint Liability Groups (JLGs) engaged in agricultural, allied activities, and other income-generating enterprises, with loan amounts ranging from Rs 10,000 to Rs 3,00,000.