Kolkata, May 3 -- Bank of India has signed a Memorandum of Understanding (MoU) with Sa-Dhan, an RBI-appointed self-regulatory for microfinance and impact finance institutions, to enhance financing access for small, micro and women-led enterprises.
The two organisations will collaborate to achieve key National Financial Inclusion and Sustainable Development Goals (SDGs).
The MoU is a non-commercial arrangement outlining key areas of collaboration, including enterprise finance for SHGs and non-SHG members, climate-resilient technologies and green financing, WASH (Water, Sanitation and Hygiene) financing, co-lending to MFIs, digital transformation and technology adoption, and, most importantly, financial literacy and awareness of government ...