New Delhi, Nov 18
Small Industries Development Bank of India (SIDBI) and Government-owned Bank of Baroda on Tuesday signed a Memorandum of Understanding (MoU) to jointly enhance credit flow, expand working capital access, and strengthen financial support for MSMEs and startups across India.
Besides, it will enable MSMEs and high-growth startups to benefit from Bank of Baroda’s global network, offering export-related banking support, market access insights, and international banking solutions.
During the event, the Secretary, DFS, also handed over the sanction letters under the SIDBI-BOB memorandum of understanding to MSME customers.