Mumbai (Maharashtra) [India], June 1 (ANI): Edelweiss Retail Finance Ltd (ERFL) on Tuesday announced strengthening of its co-lending partnership with Central Bank of India for priority sector lending to micro, small and medium enterprises (MSMEs).
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Edelweiss strengthens co-lending partnership with CBoI for MSMEs
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Edelweiss strengthens co-lending partnership with CBoI for MSMEs . (Twitter). Image Source: IANS News
Mumbai, June 1 : Edelweiss Retail Finance Limited (ERFL), an arm of the Edelweiss Group on Tuesday announced strengthening of its existing Co-Lending partnership with Central Bank of India (CBoI), one of India s largest commercial banks for Priority Sector Lending to MSMEs (Micro, Small and Medium Enterprises).
The lenders recently signed a new MoU under RBI s CLM, expanding the portfolio of lending products available to MSMEs, who can now avail of collateral free business loans up to Rs 50 lakh as against Rs 10 lakh earlier. Additionally, they can also avail of LAP Loans (with property backed collateral), up to Rs 10 crore. Building on the success of their partnership, the lenders have collaborated to introduce specially designed products with increased loan limits for the MSME segmen