SIDBI, Vijaya Bank combine to provide concessional loans to micro, small units
Posted on:23 Feb 2017 09:45:56
Free Current Affairs to Your Email
23 February 2017 Current Affairs: Lucknow based Small Industries Development Bank of India (SIDBI) has signed a Memorandum of Understanding (MoU) with Bengaluru based Vijaya Bank for providing concessional finance to micro and small enterprises (MSEs).
To promote and strengthen the units in the MSE segment
The MoU also expect joint financing/co-financing of MSMEs for meeting capital expenditure under the ‘SIDBI Make in India Soft Loan Fund for Micro, Small & Medium Enterprises’ scheme at concessional rate of 9.60 per cent, along with working capital from Vijaya Bank.
The resources and expertise of SIDBI in MSME financing and the outreach of Vijaya Bank are proposed to be leveraged
FreshersLive - No.1 Job site in India. Here you can find latest 2018 government as well as private job recruitment notifications for different posts vacancies in India. Get top company jobs for both fresher and experienced. Job Seekers can get useful interview tips, resume services & interview Question and answer. Practice online test free which is helpful for interview preparation. Register with us to get latest employment news/rojgar samachar notifications. Also get latest free govt and other sarkari naukri job alerts daily through E-mail.