Vedanta Aluminium and CBI Partner for MSME Collateral-Free Loans
ECONOMY & POLICY

Vedanta Aluminium and CBI Partner for MSME Collateral-Free Loans

Vedanta Aluminium has partnered with the Central Bank of India (CBI) to offer collateral-free working capital financing to customers, particularly Micro, Small, and Medium Enterprises (MSMEs), through its subsidiary Bharat Aluminium Company (BALCO). The initiative aims to strengthen India’s downstream metal sector by providing easy access to low-interest loans with minimal documentation.

The scheme will be integrated into Vedanta Metal Bazaar—Vedanta Aluminium’s e-superstore for aluminium products—enabling digital loan disbursal, real-time invoice tracking, lien marking, and automated coordination.

The collaboration expands Vedanta Aluminium’s existing customer financing ecosystem, which already supports over 100 customers across four financial partners. With the addition of CBI’s national network, access to affordable credit is expected to grow significantly.

Loan amounts will range from Rs 1 million to Rs 100 million, with higher limits available based on business turnover and BALCO recommendations. The financing offers a standard 90-day repayment cycle with a 15-day grace period and one of the lowest industry interest rates.

“Our partnership with Central Bank of India marks a pivotal step in strengthening the aluminium value chain by making working capital more accessible and affordable for MSMEs who form the backbone of India’s manufacturing and industrial ecosystem,” said Rajiv Kumar, CEO of Vedanta Aluminium.

Vedanta Metal Bazaar, which hosts more than 750 aluminium product variants, also features AI-based price discovery and tailored solutions. It is accessible via the web and mobile app.

Vedanta Aluminium, a business of Vedanta, produced 2.42 million tonnes of aluminium in FY25 and ranks second globally in the S&P Global Corporate Sustainability Assessment 2024 for the aluminium sector.


Vedanta Aluminium has partnered with the Central Bank of India (CBI) to offer collateral-free working capital financing to customers, particularly Micro, Small, and Medium Enterprises (MSMEs), through its subsidiary Bharat Aluminium Company (BALCO). The initiative aims to strengthen India’s downstream metal sector by providing easy access to low-interest loans with minimal documentation.The scheme will be integrated into Vedanta Metal Bazaar—Vedanta Aluminium’s e-superstore for aluminium products—enabling digital loan disbursal, real-time invoice tracking, lien marking, and automated coordination.The collaboration expands Vedanta Aluminium’s existing customer financing ecosystem, which already supports over 100 customers across four financial partners. With the addition of CBI’s national network, access to affordable credit is expected to grow significantly.Loan amounts will range from Rs 1 million to Rs 100 million, with higher limits available based on business turnover and BALCO recommendations. The financing offers a standard 90-day repayment cycle with a 15-day grace period and one of the lowest industry interest rates.“Our partnership with Central Bank of India marks a pivotal step in strengthening the aluminium value chain by making working capital more accessible and affordable for MSMEs who form the backbone of India’s manufacturing and industrial ecosystem,” said Rajiv Kumar, CEO of Vedanta Aluminium.Vedanta Metal Bazaar, which hosts more than 750 aluminium product variants, also features AI-based price discovery and tailored solutions. It is accessible via the web and mobile app.Vedanta Aluminium, a business of Vedanta, produced 2.42 million tonnes of aluminium in FY25 and ranks second globally in the S&P Global Corporate Sustainability Assessment 2024 for the aluminium sector.

Next Story
Real Estate

Inspira Realty Plans 8-10 Redevelopment Projects in Mumbai

Inspira Realty, a leading Mumbai-based developer and a part of Inspira Global, has announced plans to undertake 8–10 new redevelopment projects across the city’s key western and southern corridors. With this expansion, the firm is poised to exceed its current Gross Development Value (GDV) of Rs 40 billion and drive forward its urban transformation agenda. The company has commenced the financial year with two development agreements signed in Borivali and Santacruz (W) and is actively negotiating further acquisitions. These projects, expected to span a construction area of 4 million sq ..

Next Story
Real Estate

U-Sphere Bags First Private Project with Ceenex in Thiruvananthapuram

U-Sphere, the high-tech construction arm of ULCCS, has secured its first major private sector project: the design and construction of a new training facility for Canada-based Ceenex Global Computer Private Limited in Sasthamangalam, Thiruvananthapuram. The agreement was signed by Remeshan Palery, Director, U-Sphere, and Muhammed Irfan, Director, Ceenex Global. As part of the project, U-Sphere will deliver the core structural framework and building envelope within a fast-tracked seven-month schedule. This facility will serve as a key hub for Ceenex’s initiatives across e-governance, heal..

Next Story
Equipment

Godrej Motor Solutions Targets Rs 10 billion Revenue by FY28

The Motor Solutions business of the Godrej Enterprises Group is aiming for Rs 10 billion  in revenue by FY28, with 20 per cent of this expected from exports. For FY26, the business is targeting Rs750 crore, driven by demand growth across electric vehicles (EVs), HVAC, pumps, and actuators in both domestic and international markets. Xercsis Marker, EVP & Head, Motor Solutions Business, Godrej Enterprises Group, said,  “We are strengthening our manufacturing capabilities through significant R&D investments and advanced technology adoption. We continue to invest in t..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?