Rs 200-cr fund for MSMEs by Sidbi, AU Small Bank

Source: The Hitavada      Date: 29 Oct 2017 12:55:04


 

 

 

 

 

 

 

 

MUMBAI,

Oct 28,

(PTI)

AU SMALL Finance Bank on Saturday tied up with Small Industries Development Bank of India (Sidbi) to launch a Rs 200-crore fund for providing loans to MSMEs. The programme will fund term-loans in the Rs 25 lakh to Rs 2 crore ticket size. “This joint financing programme with Sidbi aims to enhance credit to MSMEs. We are looking at disbursing this amount in the next 12-15 months to nearly 100 units,” MD and CEO, Sanjay Agrawal said.