Export-Import Bank of India (Exim Bank) has signed a Memorandum of Cooperation (MoC) with the Centre for Microfinance and Livelihood (CML), an initiative of Tata Trusts, whereby they will share their knowledge and connect each other to promising social enterprises for further support, including financial and advisory.

Exim Bank, in a statement, said the objective of the MoC is to help grassroots enterprises improve their export competitiveness, inter alia, by complying with global standards of quality and work towards developing viable financing models and best practices for projects/enterprises, which can be replicated across different sectors and geographical locations in the North East.

The MoC was signed by Debasish Mallick, Deputy Managing Director, Exim Bank, and Partho Patwari, Executive Director, CML, on October 31 in Mumbai.