UCO Bank has signed a co-lending agreement with Paisalo Digital for agriculture business to capitalize on the huge Rs 8 lakh crore market of small-ticket loans for the 365 million under banked and under-serviced population. The tie-up will give a boost to the agriculture advance of the bank and it is a favorable situation for the bank as well as the NBFC with benefits reaching to those at the bottom of the society.
Co-lending is an emerging area in priority sector financing and due focus is given by the Government of India to help agriculture and other small borrowers who are the backbone of the Indian economy.
UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.
