Ugro Capital has entered into a co-lending partnership with State Bank of India (SBI) to provide credit to the micro, small and medium enterprises (MSME). Through this collaboration, SBI and Ugro aim to disburse upto Rs 500 crore by March 2022. This arrangement will leverage SBI’s prowess on the liability side and Ugro Capital’s origination and distinctive underwriting engine capabilities on the assets side.
With this partnership, Ugro has established its distinguished position in the fast-evolving co-lending ecosystem where it is the first NBFC which have been accepted as Co-Lending partner with Bank of Baroda, IDBI Bank and now SBI.
Ugro Capital is engaged in providing financial services.
