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

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

TRENDING NOW

Sai Silks IPO subscribed 4.40 times on last day of bidding

Delta Corp asked to pay Rs 11,139 crore for payment of shortfall tax under GST

US says it expects India to work with Canada on murder case

Vivo T2 Pro 5G smartphone launched at starting price of 23,999

Biden to provide Ukraine with long-range missiles: report

Veera: 'Made in India' mobile-only internet browser unveiled

PM Modi to visit Gujarat on Sep 26-27, to launch educational projects

Home Loan: Is repaying a home loan through mutual fund SIPs a good idea?

A look at this week's startup deals: Byju's, Atlys, EaseMyAI, NoBroker, Flash, insideFPV, Bluwheelz in news

5 ways to earn the best returns through your savings account

Karnataka Bank to raise Rs 1,500 crore via share sale

Want your iPhone 15, iPhone 15 Plus delivered within minutes? Blinkit is here for you

Canada PM Trudeau has made huge mistake: Former Pentagon official

1:5 bonus stock: Berger Paints shares trade ex-date; stock clocks 52-week high

Delhi Weather Update: Light rain likely in national capital, minimum temperature at 27 degrees Celsius

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)