• SIDBI and Bank of Baroda sign MoU to boost credit delivery
• MSMEs and startups to get improved access to working capital and long-term financing
• Partnership to support export growth and innovation-led ecosystems

The Small Industries Development Bank of India (SIDBI) and Bank of Baroda have signed a Memorandum of Understanding (MoU) to strengthen credit support for micro, small, and medium enterprises (MSMEs) and startups across India. The partnership aims to make financing easier, faster, and more accessible for high-growth businesses.

The agreement aligns with India’s Viksit Bharat 2047 vision and focuses on improving access to working capital, long-term loans, and export-related opportunities. Under this collaboration, SIDBI and Bank of Baroda will jointly finance MSMEs by combining SIDBI’s sector expertise with the bank’s nationwide branch network.

The MoU also allows MSMEs supported by SIDBI to use Bank of Baroda’s digital working capital platform, helping borrowers access credit more smoothly. Startups will benefit from coordinated support that includes SIDBI’s venture debt programs paired with Bank of Baroda’s advisory and financial services tailored for early-stage and high-growth companies.

Both organizations will also work together to support MSME clusters, startup incubators, accelerators, and innovation ecosystems. The partnership aims to help high-potential enterprises scale globally by offering export banking services, international market insights, and global banking support.

Also Read: Tractor Junction Raises $22 Million to Boost Rural Expansion

Manoj Mittal, SIDBI Chairman and Managing Director said the partnership enhances their ability to deliver venture debt, digital credit, and coordinated working capital solutions. Lalit Tyagi, Bank of Baroda Executive Director  added that the collaboration will strengthen joint financing, expand digital credit access, and help startups and MSMEs tap into export markets.

Read More News :

Mosaic Wellness Doubles Revenue in FY25, Edges Close to Break-Even

Strategies to Turn Experiential Marketing into a Startup Goldmine