PSB Xchange Enables Shree Cement Dealer Financing with CBI

Veefin Solutions' PSB Xchange has partnered with Central Bank of India to launch a dealer financing program for Shree Cement's extensive network of over 17,000 dealers and distributors. This initiative aims to improve liquidity and provide faster credit access, streamlining working capital cycles across Shree Cement's distribution chain. The platform facilitates seamless financing access from participating lenders, with Central Bank of India as the primary financing partner. This collaboration seeks to expand formal credit access to the MSME sector by embedding financing within corporate supply chains, enhancing transparency and reducing operational friction.