Vedanta Aluminium and CBI Partner for MSME Collateral-Free Loans

11 Jun 2025 CW Team

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.

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