Mumbai: Small Industries Development Bank of India (SIDBI) and Tata Capital Limited (TCL) signed an MoU for “Partnership for financing MSMEs”. The focus is on growth and development of MSME Ecosystem by way of providing funding avenues in the field of machinery / equipment financing, working capital/CC/OD/business loans, and loan against property, etc.

Further, risk sharing/ co-lending/ joint financing shall also be explored while extending credit facilities to MSMEs. The MoU was signed by Vivek Kumar Malhotra, Chief General Manager, SIDBI and Vivek Chopra, Chief Operating Officer, Retail Finance, TCL in the presence of senior SIDBI and TCL officials.