MOU SIGNED BETWEEN SBI AND USHA INTERNATIONAL LTD.

New Delhi : 29.11.2021 : State Bank of India, New Delhi Circle and Usha International Limited (UIL) joined hands for empowering women entrepreneurs by providing financial assistance from SBI under Joint Liability Group model. Usha International Limited has already been providing necessary trainings to these women through USHA Silai Schools across the country. As per the MoU signed between SBI and UIL, branches of SBI in Uttarakhand, Delhi, Western UP and NCR Haryana will be financing to women entrepreneurs to Usha Silai School to purchase sewing machines for enhancement and upgradation of technical sewing skills or to purchase thread of clothes, etc. related to above for running their livelihood. This is first of its kind collaboration between USHA INTERNATIONAL LIMITED and STATE BANK OF INDIA in coming forward together for upliftment of the social and economic status of women entrepreneurs in rural areas of the country by making then self-reliance and providing equal opportunity for achieving financial growth & inclusion. This relationship will bring a new synergy among the women entrepreneurs and lead towards a holistic development, SBI has given a name “NAVCHETNA” to this relationship. This MoU was signed at SBI office in Delhi on 29.11.2021 in the presence of Sh.Shriram P. Iyer (General Manager, NW-3) State Bank of India, Sh. Abhay Singh (General Manager, NW-2) and Sh. Rajeev Ratna Srivastava (Deputy General Manager, Agri Business Unit & GSS) from SBI, New Delhi Circle and Sh. Vijay Mahajan (Vice President) Sh. Alok (Senior General Manager) & Smt. Rupa Tete (Vice President) from Usha International Limited,.