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UGRO Capital and United States International Development Finance Corporation (DFC) Partner to Increase Finance Inclusion in India
Oct 16, 2024•over 1 year ago
Contract Type
partnership
MumbaiFinancial ServicesFinanceBanking
Description
UGRO Capital and DFC have signed a commitment letter for a USD 40 million loan to empower small and medium-sized businesses across India, with a focus on empowering women-owned enterprises.
Company Information
Company
UGRO Capital
Location
Mumbai, Maharashtra, India
About
UGRO Capital is a mid-sized non-banking finance company focused on MSME lending. The company aims to capture a significant market share in the MSME sector. It has raised over Rs 2,500 crore in equity funding since 2018 to support its lending initiatives. UGRO has partnered with various banks and NBFCs to enhance its lending capabilities.
MumbaiFinancial ServicesFinanceBanking