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UBI and Srei collaborate to finance MSME and agriculture sectors


Devdiscourse News Desk kolkata India
Updated: 05-01-2019 17:05 IST
UBI and Srei collaborate to finance MSME and agriculture sectors

(Image Credit: Twitter)

United Bank of India and Srei Equipment Finance have entered into an agreement for financing the MSME and agriculture sectors. Under the pact, UBI would leverage its low-cost loans with Srei to enable purchase of equipment and vehicles in a seamless manner, a statement by the state-run lender said. United Bank MD and CEO Ashok Kumar Pradhan hailed the agreement as a "saviour" for the MSME units "starved" of low-cost funds to compete globally and upscale themselves.

(With inputs from agencies.)

COUNTRY : India

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