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Central Bank Of India U GRO Capital Ink Co-Lending Deal: Aim Rs 1,000 Crore Disbursal

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MSME lending fintech platform, U GRO Capital on Wednesday announced that it has signed a co-lending agreement with Central Bank of India.

 
Central Bank Of India U GRO Capital Ink Co-Lending Deal

Under this partnership, the two entities aim to disburse up to Rs 1000 crore to U GRO Capital's varied MSME segments under its programmes like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in the next 12 months.

The co-lending arrangement with Central Bank of India will work towards providing formal credit to underserved MSMEs at affordable rates across all product categories of U GRO Capital, it said in a statement.

(PTI)

Story first published: Wednesday, December 22, 2021, 14:42 [IST]
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