SBI and U GRO Capital join hands to finance MSMEs

Listed MSME lending fintech platform, U GRO Capital has entered into a co-lending partnership with State Bank of India (SBI), Indias largest bank, to provide credit to the micro, small and medium enterprises (MSME). Through this, SBI and U GRO aim to disburse up to ₹500 crores by March 2022.

U GRO lends to SMEs in 8 sectors — Healthcare, Education, Chemicals, Food Processing, FMCG, Hospitality, Electrical Equipment and Components, Auto Components, Light Engineering.

Chairman SBI: Dinesh Kumar Khara

CMD, U GRO: Shachindra Nath.