Which organisation recently entered into a co-lending

Solution

The Small Industries Development Bank of India (SIDBI) has recently partnered with C2treds and UGRO Capital to enhance loan availability to the Micro, Small, and Medium Enterprises (MSMEs). This co-lending arrangement, in line with the Reserve Bank of India’s co-lending model, aims to leverage the complementary strengths of banks and non-banking financial companies (NBFCs) to increase funding to priority sectors. C2treds, an RBI-approved Trade Receivables Discounting System (TReDS) platform, is a part of this initiative, which is designed to improve liquidity and access to finance for MSMEs at competitive rates.