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Corporate News
07-Jun-24
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Muthoot Microfin enters into co-lending partnership with State Bank of India
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Muthoot Microfin announced a strategic co-lending partnership with the State Bank of India (SBI). With this collaboration, Muthoot Microfin aims to extend its financial services to women entrepreneurs in rural and semi-urban regions across India.
Under this agreement, Muthoot Microfin and SBI will co-lend to members of Joint Liability Groups (JLGs) who are engaged in agricultural and allied activities as well as other income-generating enterprises. The loan amounts will range from a minimum of Rs 10,000 to a maximum of Rs 3,00,000, providing a substantial boost to women entrepreneurs from rural regions
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