New Delhi: State Bank of India (SBI) has signed an agreement with Usha International Ltd (UIL) for empowering women entrepreneurs by providing financial assistance. The financial assistance will be provided under the Joint Liability Group model, SBI said in a statement.

As per the memorandum of understanding (MoU) signed between SBI and UIL, branches of the bank in Uttarakhand, Del hi, western UP, and NCR, Haryana will be financing women entrepreneurs to Usha Silai School to purchase sewing machines for enhancement and up-gradation of technical sewing skills or to purchase thread of clothes, etc., related to above for running their livelihood, it said.

This is the first-of-its-kind collaboration between UIL and SBI in coming forward together for the uplift of the social and economic status of women entrepreneurs. Source- PTI