te Central Bank of India, U GRO Capital ink co-lending deal; aim Rs 1,000 crore disbursal | Zee Business

Central Bank of India, U GRO Capital ink co-lending deal; aim Rs 1,000 crore disbursal

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.

Central Bank of India, U GRO Capital ink co-lending deal; aim Rs 1,000 crore disbursal
U GRO Capital on Wednesday announced that it has signed a co-lending agreement with Central Bank of India. Pic: https://www.ugrocapital.com/

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

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. 

Written By: PTI
Updated: Wed, Dec 22, 2021
01:27 pm
PTI
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