Joint Venture27 Jun 2025, 11:21 am
Paisalo Digital Ltd Enters Co-Lending Loan Agreement with State Bank of India for SME Products
AI Summary
Paisalo Digital Ltd has entered into a Co-Lending Loan Agreement for SME Products with the State Bank of India on June 26, 2025. This agreement extends their existing Co-lending loan platform and aims to drive financial inclusion by providing low-cost financial solutions to priority sectors, including SMEs. The new co-lending arrangement is fully aligned with the Reserve Bank of India’s guidelines on co-lending of loans and enables wider access to formal credit for India’s growing base of small businesses.
Key Highlights
- Paisalo Digital Ltd has entered into a Co-Lending Loan Agreement for SME Products with the State Bank of India.
- The agreement extends their existing Co-lending loan platform and aims to drive financial inclusion by providing low-cost financial solutions to priority sectors, including SMEs.
- The new co-lending arrangement is fully aligned with the Reserve Bank of India’s guidelines on co-lending of loans.
- The SBI-Paisalo co-lending platform offers end-to-end services for loan origination, processing, disbursement, servicing, and recovery.
- The expanded scope to include SME products is expected to catalyse further growth in priority sector lending.