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Capri Global and Union bank to co-lend to MSMEs
November 26, 2021
Capri Global Capital Limited (CGCL) has gone into a co-lending agreement with the Union Bank of India (UBI) to offer loans to micro, small and medium enterprises (MSMEs) across 100 or more touchpoints pan-India.
Credit payment under this course of action would start from December 2021, Capri Global Capital Limited said in an assertion.
CGCL underscored that the co-loaning agreement aims to upgrade last-mile credit and drive financial inclusion to MSMEs by offering secured loans between 10 lakhs to 1 crore.
The co-lending arrangement will entail a joint commitment of credit to prospective MSME clients in Tier 2 and Tier 3 markets.
Rajesh Sharma, Managing Director, Capri Global Capital Limited, saw that through this association, the point is to connect with a large segment of society by offering simple, helpful, and effective credit solutions and engaging them to be key contributors to fiscal growth.
“Our focus is to help the grassroots entrepreneurship that creates economic value,” he said.
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