Small Industries Development Bank of India (SIDBI) has teamed up with Andhra Pragati Gramina Bank (APGB), a regional rural bank, to offer refinancing facilities to the latter so that it can provide credit to MSMEs across the state of Andhra Pradesh. Since its inception, SIDBI has played a crucial role as a facilitator to bolster India’s MSME ecosystem by extending refinance to a cross-section of banks and financial institutions across the country, ensuring credit availability to MSMEs. Meanwhile, SIDBI also offers direct funding to SMEs by way of long-term loans and working capital finance.
FinTech’s Green Revolution: Nurturing Sustainable Practices Among Small Businesses
BY Triterras
- 09/04/24
Ashish Srivastava, our Triterras' Chief Commercial Officer shares in-depth with Intelligent Fin.Tech, a global technology intelligence platform which gathers the latest financial information, on how FinTech has emerged as a crucial catalyst, motivating and supporting small to medium enterprises on their path towards environmental responsibility through sustainable trade finance.