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Tata Capital partners with CII for SME Finance
The partnership will help give a boost to SMEs via better access to finance and a suite of services
30th August, 2016, Mumbai: the financial services arm of the Tata Group, signed a Memorandum of Understanding (MoU) with Confederation of Indian Industry (CII) to partner with them in the SME Finance Facilitation Centre initiative. The initiative has been launched to facilitate easier credit access to Small and Medium Enterprises. This partnership will facilitate the distribution of Tata Capital's SME Loan products through CII to its registered SME members.
Under the MoU, a framework of cooperation between CII and Tata Capital will be developed under which Tata Capital will be empanelled as a '' Partnering Institution'' for the SME Finance Facilitation Centre. This which will facilitate easy access to finance and credit for registered SME members of CII and provide advisory and credit facilitation support as well. Tata Çapital's Corporate Finance Division will be offering its entire suite of products to CII's SME members.
Speaking on the partnership, Mr. Pradeep Bandivadekar, Chief Operating Officer - Corporate Finance Division, Tata Capital said "The partnership with CII signifies Tata Capital's strategic focus on the SME sector. SMEs are an important pillar of the Indian economy, contributing 38% of national GDP. We, at Tata Capital are determined to play a significant role in supporting the growth of the sector by extending our vast array of products which cater to the specific needs of the SMEs. Tata Capital and CII will also benefit from synergies due to their respective qualities of trust and innoavtion"
About Tata Capital Limited
Tata Capital, a holistic financial services provider caters to the diverse needs of retail, corporate and institutional customers. Its range of offerings include Consumer Finance, Advisory Services, Commercial Finance, Infrastructure Finance, Securities, Investment Banking, Private Equity Advisory, Credit Cards and Travel & Forex Services. For more information about Tata Capital, please visit www.tatacapital.com.
For further information, please contact:
Stuart Pereira - Asst. Vice President - Brand Marketing & Corporate Communication
Contact: +91 9029080385 | e-mail: Stuart.Pereira@tatacapital.com