CGCL & Union Bank of India join hands to co-lend MSMEs upto Rs 100 lakh
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Mumbai, Nov. 24 -- Capri Global Capital Limited (CGCL), a NBFC focused on MSMEs has entered into a Co-Lending agreement with the Union Bank of India (UBI), to offer MSMEs loans.
Through this collaboration, CGCL and UBI aim to disburse MSME loans across 100+ touch points pan-India, and the loan disbursement under this arrangement would commence from December 2021, said the official release.
This agreement is signed under the Co-Lending guidelines issued by RBI in November 2020 for Co-Lending 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 Co-Lending agreement aims to enhance last-mile credit and d...
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