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Kolkata-headquartered United Bank of India (UBI) on Thursday said that it has entered into a memorandum of understanding (MoU) with Small Industries Development Bank of India (SIDBI) for providing easier credit to micro, small and medium enterprises (MSMEs).
The MoU was signed on March 5 (Tuesday). Loans would be provided to the MSMEs under the programme for facilitating enterprise loans.
According to a UBI release, SIDBI would act as a facilitator of the small and medium enterprises by sponsoring investment proposals on behalf of UBI. The latter would look at the credit linkage part.
abhishek.l@thehindu.co.in
Source: thehindubusinessline
The MoU was signed on March 5 (Tuesday). Loans would be provided to the MSMEs under the programme for facilitating enterprise loans.
According to a UBI release, SIDBI would act as a facilitator of the small and medium enterprises by sponsoring investment proposals on behalf of UBI. The latter would look at the credit linkage part.
abhishek.l@thehindu.co.in
Source: thehindubusinessline
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