AU Small Finance Bank today 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," its managing director and chief executive Sanjay Agrawal told
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)