Pune, February 18, 2021: Bank of Maharashtra has entered into a strategic partnership with Vayana Network, India’s largest Supply Chain Financing (SCF) platform to offer financial support to MSME sector. Through this association, Bank of Maharashtra will provide short term credit to meet funding requirements of dealers/ vendors of reputed corporates through “Mahabank Channel Financing Scheme” launched by the bank, through Vayana Network’s expertise in this segment.
Under the partnership, Vayana Network will provide its unique SCF solutions to Bank of Maharashtra supported by Vayana’s technology and service expertise. The SCF solutions will include vendor and dealer financing programs across bank’s network of 1,870+ branches across the country. Vayana Network’s proprietary tech platform will help to digitize the transactions of Supply Chain Financing, while the market services will help to increase penetration in the under-served MSME segment.