Eight Regional Rural Banks and Urban Co-operative Banks have signed MOUs with SME Finance Forum member SIDBI (The Small Industries Development Bank of India.) In an effort to boost MSME financing, the new partnership will focus on increasing credit flow to the ‘missing middle’ – micro, small and medium enterprises (MSMEs) in the region.

SIDBI also plans to extend capacity building support to handle micro enterprise loans to MSMEs in West Bengal, Eastern and North Eastern India.