Ugro Capital signs a co-loan agreement with Central Bank of India

Ugro Capital announced that it has signed a co-loan agreement with Central Bank of India.

As part of this partnership, the two entities aim to disburse up to Rs. 1000 crore to the various segments of UGRO Capital’s MSMEs as part of its programs such as the financing of Pratham, Sanjeevani, Saathi, GRO MPME and Machinery, over the next 12 months.

The co-loan agreement with the Central Bank of India will aim to provide formal credit to underserved MSMEs at affordable rates across all product categories of U GRO Capital. For the same, the bank will leverage U GRO’s digital technology platform driven by a GST, bank and office data tripod, in addition to the in-depth industry understanding of the company and its multichannel distribution reach.

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(This story was not edited by Business Standard staff and is auto-generated from a syndicated feed.)

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