Union Bank of India has entered into a co-lending partnership with Capri Global Capital, under which they will disburse loans to MSMEs. The co-lending agreement aims to enhance last-mile finance and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakh to Rs 1 crore. Through this collaboration, Union Bank of India and CGCL aim to disburse MSME loans initially across 100 plus touch points across India. Both the entities will entail joint contribution of credit to the prospective MSME customers in tier II and III markets.
Capri Global Capital (CGCL) is a non-banking financial company focused on lending to MSMEs and the affordable housing finance segment.
Union Bank of India is one of the largest government-owned banks of India. The Bank offers products and services in three categories - Deposits, Loans and Advances, and Remittances & Collections.
