With special focus on Uttar Pradesh
Paisalo Digital has signed co-origination loan agreement with Bank of Baroda on 01 October 2019 with a vision of empowering the Agri, MSME segment and small businesses. The company has already entered into co-origination loan tie up with State Bank of India and Bank of Maharashtra.Under this agreement, both the entities will jointly reach out to prospective customers and conduct due diligence for extending small ticket size, ranging from Rs 10000 to Rs 40000 loans in India with special focus on Uttar Pradesh.
This agreement is a per the notification issued by the Reserve Bank of India on 21 September 2019 for co-origination of loans by Banks and NBFCs for lending to priority sector.
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