SKS Microfinance secures refinance line of Rs 100 crore at 10% p.a.

From Micro Units Development & Refinance Agency (MUDRA)

MUDRA (Micro Units Development & Refinance Agency), launched by the Government of India for financing micro entrepreneurs engaged in small business activities like manufacturing, processing, service sector and trade, has sanctioned a refinance line of Rs. 100 crore at 10% per annum to SKS Microfinance.

This is the first refinance limit sanctioned to SKS Microfinance by MUDRA. The development is expected to contribute to bringing down the cost of interest-bearing liabilities at SKS Microfinance.

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