Prevention of Money Laundering Act (PMLA)3:43 PM IST
AU Small Bank, Sidbi launch Rs 200-cr fund for MSMEs
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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
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