Mumbai: With a vision to empower the economy and the banking sector, the Government of India has introduced several improving measures including promotion of the Co-Origination of Priority Sector Loans with Banks and NBFCs which will play a significant role in helping India reach the USD 5 Trillion economy mark.

The Reserve Bank of India published guidelines for Banks and NBFC-SI-ND to Co-Originate Loans for Priority Sector Lending, and one of four NBFC to have entered into this space is PAISALO Digital Limited.

We at PAISALO Digital Limited, are thankful and grateful to Government of India and Reserve Bank of India for providing an opportunity to Co-Originate Loans with Banks; thereby providing PAISALO the opportunity to help India achieve the USD 5 Trillion mark.

Today, the honorable Finance Minister Nirmala Sitharaman mentioned that presently, four NBFCs in India are in Co-Origination loan tie-ups with Banks.

We are pleased to announce that PAISALO Digital Limited is one of the first NBFC to enter into a co-origination loan agreement to improve priority sector lending with the India’s largest bank State Bank of India. This will boost the Indian economy by providing liquidity to the borrower at the bottom of the pyramid.

We would like to convey our sincere thanks to the State Bank of India for giving PAISALO Digital Limited this opportunity.