Akme Fintrade Partners With MAS Financial for Streamlined MSME Financing

In a significant move to enhance loan accessibility for the MSME sector, Akme Fintrade (India) Limited has teamed up with MAS Financial Services Limited in a strategic co-lending partnership. This collaboration aims to improve finance access for micro, small, and medium-sized enterprises (MSMEs), particularly those that are underserved by traditional financial channels.

Under the co-lending arrangement, Akme Fintrade will be responsible for covering 20% of the loan exposure, while MAS Financial will bear the remaining 80%. This structure is designed to accelerate the loan approval process and offer a faster, more efficient system for businesses in need of financing.

Akash Jain, CEO of Akme Fintrade, highlighted the significance of this partnership, stating, “The co-lending model, introduced by the Reserve Bank of India (RBI), is designed to address liquidity challenges faced by non-banking finance companies (NBFCs) and boost the flow of credit to underserved sectors. This initiative enables us to offer affordable financing to MSMEs, helping them access funds more efficiently and at lower costs.”

The partnership is seen as a key step in addressing the financial needs of MSMEs, which often struggle to secure financing due to a lack of collateral or access to formal lending institutions.

On Friday, Akme Fintrade’s shares closed at Rs 111.75, with a 52-week high of Rs 134.70 and a low of Rs 93.05.

Disclaimer: This article is for informational purposes only and does not constitute financial or legal advice. Please consult financial experts for specific guidance related to MSME financing and co-lending models.