MAS Financial Services, an NBFC specialized in MSME financing, has entered into a strategic co-lending partnership with UCO Bank for lending to micro, small and medium enterprises (MSME).
The co-lending envisages offering loans to MSME borrowers under the priority sector, in compliance with the applicable law(s). The co-lending partnership will help MAS Financial to broaden its client base and expand the credit flow to the vast unserved and underserved markets.
Commenting on the co-lending partnership, Ankit Jain, Chief Financial Officer said, “We are pleased to join hands and having a strategic co-lending partnership with UCO Bank for lending to MSME sector (backbone of India’s economy) to enhance the reach of credit to the unserved & underserved markets. This co-lending partnership will leverage the strength of both the companies to boost priority-sector lending to MSME borrowers.”
