Small Industries Development Bank of India on Monday signed a €53 million loan agreement with Kreditanstalt fur Wiederaufbau (KfW), Germany.
Under the agreement, SIDBI will channelise the funds sourced from KfW for providing innovation finance loans to micro, small and medium enterprises. The agreement was signed by S.Muhnot, Chairman and Managing Director, SIDBI, and Oskar von Maltzan, Director, KfW, in New Delhi.