New Delhi, Oct. 30 -- Public sector bank Bank of Baroda (BoB) has partnered with KapitalTech, a fintech lender, for providing loans to the Micro Small and Medium Enterprises (MSMEs) sector, under the co-origination guidelines of the Reserve Bank of India (RBI).
The partnership aims at offering working capital business loans to MSMEs in over 200 micro markets across India. The focus will be to reach out to small businesses in need of capital in Tier II & Tier III cities that are traditionally underserved by financing channels.
We are committed to working jointly with various partners to support MSMEs, and we have entered into this MoU to enhance our footprint in delivery of products and services in the MSME eco-system, said Vikramadi...