PAISALO and SBI sign first co-origin loan agreement to empower MSMEs


PAISALO and SBI sign first co-origin loan agreement to empower MSMEs

New Delhi, Apr 9 (KNN) With the aim of empowering micro-small and medium-sized enterprises (MSMEs) and small businesses, PAISALO Digital Limited signed the first co-origin loan agreement with the State Bank of India (SBI).

The shift to collaboration aims to reach customers easily and use the platform for smooth disbursement and repayment of loans.

PAISALO Digital Limited is a systemically important non-depository NBFC registered with the Reserve Bank of India and has been in business since 1992. The company expects to make 200,000 loan applications in fiscal year 20.

This NBFC registered company operates in various states including Uttar Pradesh, Maharashtra, Himachal Pradesh, Gujarat, Rajasthan, Delhi, Haryana, Punjab, Uttarakhand and Bihar.

In a statement, PAISALO Managing Director Sunil Agarwal said: “We aim to partner with people as they grow their businesses and help them contribute to maximum job creation. Our loan file and our mandate are designed to meet this special segment. for their working capital and other needs.

PAISALO Innovation Director Santanu Agarwal said: “We recognize that constructive disruptive technology has brought the lending space, we are committed to exploiting it to reach the maximum end users at minimum cost, a benefit that we can pass on to We aim to be available, aware and affordable. “

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