Muthoot Microfin has entered into strategic co-lending partnership with the State Bank of India (SBI). With this collaboration, the company aims to extend its financial services to women entrepreneurs in rural and semi-urban regions across India.
Under this agreement, Muthoot Microfin and SBI will co-lend to members of Joint Liability Groups (JLGs) who are engaged in agricultural and allied activities as well as other income-generating enterprises. The loan amounts will range from a minimum of Rs 10,000 to a maximum of Rs 3,00,000, providing a substantial boost to women entrepreneurs from rural regions.
Muthoot Microfin is primarily engaged in providing financial assistance through micro loans to women engaged in small income generating activities.
