ENA Sectors 2018-07-21 09:43:47 <p><strong>New Delhi, July 21 (KNN)</strong> Bank of Baroda has entered into agreements with 10 companies from sectors such as e-commerce, logistics, service providers etc to promote micro and small business entrepreneurs (MSMEs).<br /> <br /> Flipkart, Uber, Swiggy are amongst the companies with which MoUs have been signed.</p> <p>There are specific agendas for signing MoUs with different companies.</p> <p>With Flipkart the MoU aims to offer collateral free working capital loan to merchants selling on their platform, with Swiggy it aims to help finance two-wheelers for its driver partners, and Xpressbees, Carzonrent, with Uber it aims financing cars, three-wheelers buys and refinancing driver partners and from the old economy DICCI, Lava and three others. <br /> <br /> These MoUs with will help boost the MSME eco-system and at the same time help improve access to finance for them from early to growth stage, the bank said. <br /> <br /> As of March 2018, the bank has financed about 5.37 lakh micro entrepreneurs with aggregate outstanding of Rs 32,766 crore.</p> 20394 http://knnindia.co.in/news/newsdetails/sectors/bank-of-baroda-signs-mou-with-10-companies-to-promote-msmes-improve-access-to-finance 2018-07-21 09:43:47 knnindia.co.in