SIDBI signs MoU with RRBs, UCBs for MSME sector

KOLKATA: Dedicated financier to MSME sector, SIDBI, on Thursday signed first-of-its kind MoUs with eight Regional Rural Banks (RRBs) and Urban Co-operative Banks (UCBs) in West Bengal, eastern and north eastern India.

"These MoUs are for increasing credit flow to the 'missing middle' - micro, small and medium enterprises (MSMEs) in the region. SIDBI is also extending capacity building support for handling micro enterprise loans of MSMEs in West Bengal, Eastern and North Eastern India," a release said here today.

These MoUs will enhance the reach of micro enterprises to access credit from formal financial institutions.