ENA Sectors 2022-01-19 11:56:27 <p><strong>New Delhi, Jan 19 (KNN)</strong> The Small Industries Development Bank of India (SIDBI) has sanctioned Rs 650 crore to AU Small Finance Bank and Jana Small Finance Bank. </p> <p>The amount has been provided as financial assistance to enable credit access to more Covid-hit micro and small enterprises (MSEs) via low rated or unrated small non-banking financial companies (NBFCs) and microfinance institutions (MFIs).</p> <p>The already sanctioned amount is INR 530 crore has already been released to these small finance banks.</p> <p>It has been extended from the Special Liquidity Facility of INR 16,000 crore sanctioned to it by the Reserve Bank of India to help MSMEs.</p> 28125 https://knnindia.co.in/news/newsdetails/sectors/sidbi-grants-rs-650-cr-to-two-small-finance-banks-to-boost-msme-lending-in-interiors-of-india 2022-01-19 11:56:27 knnindia.co.in