The MoU is for strengthen MSME financing
FinTech BizNews Service
Mumbai, March 06, 2025: Small Industries Development Bank of India (SIDBI) and The Federal Bank Limited (FBL) signed MoU for financing MSMEs for growth and development of MSME Ecosystem. The arrangement is for providing financial assistance in the field of project finance, machinery/equipment finance, working capital (including letter of credit and bank guarantee), loan against property, etc. Further, joint financing shall also be explored while extending credit facilities to MSMEs. The MoU was signed by Shri Prakash Kumar, Deputy Managing Director, SIDBI and Shri Harsh Dugar, Executive Director, FBL in the presence of senior SIDBI and FBL officials.
