Capri Global Capital (CGCL) has entered into a Co-Lending agreement with the Union Bank of India (UBI), one of the country’s largest public-sector banks, to offer MSMEs loans. Through this collaboration, CGCL and UBI aim to disburse MSME loans across 100 plus touch points Pan India. The loan disbursement under this arrangement would commence from December 2021.
This agreement is signed under the Co-Lending guidelines issued by RBI in November 2020 for CoLending to the Priority Sector. The collaboration will be helping MSMEs to avail customized lending solutions at a competitive rate of interest with a significant reduction in turn-around time. The CoLending agreement aims to enhance last-mile credit and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakh to Rs 100 lakh. The Co-Lending arrangement will entail joint contribution of credit to the prospective MSME customers in Tier II and Tier III markets.
Capri Global Capital is engaged in the business of providing loans to Micro, Small and Medium Enterprises (MSMEs), providing long term finance for construction of residential houses in India, retail Lending in India and in providing ancillary services related to the said business activities.
