Bank of Baroda signs MoU with SIDBI for MSMEs and startups
Public sector lender, Bank of Baroda and SIDBI, a government-owned financial institution has signed an MoU to strengthen credit delivery for MSMEs and startups across India.
New Delhi: Public sector lender, Bank of Baroda and SIDBI, a government-owned financial institution has signed an MoU to strengthen credit delivery for MSMEs and startups across India.
The MoU was signed in the esteemed presence of Shri M. Nagaraju, IAS, Secretary, Department of Financial Services (DFS); Shri Manoj Ayyappan, Joint Secretary, Department of Financial Services (DFS); Shri Manoj Mittal, CMD, SIDBI; Shri Lalit Tyagi, Executive Director, Bank of Baroda; Shri Lal Singh, Executive Director, Bank of Baroda; and Smt Beena Vaheed, Executive Director, Bank of Baroda along with senior leadership from SIDBI and Bank of Baroda.
This partnership brings together SIDBI’s developmental expertise and Bank of Baroda’s extensive national and global reach to enhance joint financing, enable seamless digital working capital access, strengthen startup support, and expand global opportunities for MSMEs.