ASSOCHAM has instituted Awards for Excellence in MSE lending to banks and NBFCs in recognition of the performance in financing to micro, small and medium enterprises. IDBI Bank has received award in the category excellence in “Micro lending” from Minister of State for MSME, Haribhai Parthibhai Chaudhary. The award was received by lalita Sharma, Chief General Manager, Priority Sector on behalf of IDBI Bank.
The bank has been focusing more on MSME segment as well as MFI lending with various innovative products, corporate tie-ups and BC/BF infrastructure build by the bank. The growths under the segment during the last three years have been phenomenal, particularly under micro enterprises. During the last financial year the bank surpassed the target under Pradhan Mantri Mudra Yojana.