For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

    SIDBI signs loan financing agreement with Germany's KfW

    By Religare
    |

    Small Industries Development Bank of India (SIDBI) has entered into loan and financing agreement of 100.50 million euros with Kreditanstalt fur Wiederaufbau (KfW), Germany.

    The loan agreement for 100 million euros and financing agreement for 500,000 euros between Kreditanstalt fur Wiederaufbau (KfW) of Germany and SIDBI for the Micro and Small Enterprises (MSEs) was signed for "missing middle segment", a statement said.

    The missing middle segment denotes financing gap in small loans ranging between Rs 50,000 and Rs 10,00,000 which has a big influence on promoting entrepreneurship and deepening the positive social and environmental benefits, it said.

     

    The agreement would provide SIDBI with long tenor funding to support "Missing Middle" segment of Micro and Small enterprises through specific financing programmes by Participating Financial Institutions (PFIs).

    Read more about: sidbi
    Company Search
    Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

    Find IFSC

    We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more