Central Bank of India signed a co-lending agreement with U GRO Capital

Central Bank of India and U GRO Capital has signed a co-lending agreement and under this partnership, the two entities aim to disburse upto Rs. 1000 crore to UGRO Capital’s varied MSME segments under its programs like Pratham, Sanjeevani, Saathi, GRO MSME and Machinery financing, in next 12 months.

Central Bank of India will provide co-lending support through the GRO-Xstream platform with the loans originated by U GRO Capital’s distribution network. The arrangement will ensure the availability of credit to MSMEs at an affordable cost.