Mumbai, Nov. 17 -- U GRO Capital, today announced that it is going to co-lending through a partnership with State Bank of India (SBI), to provide credit to the micro, small and medium enterprises (MSME).

The aim of both the parties in this association is to disburse upto INR 500 crore by March 2022, said the release.

This adds to credit products under U GROs Sanjeevani program, offering loans upto INR 3 crore, at competitive rate of interest.

The MSME lending fintech platform had launched Sanjeevani as a solution to provide credit to pandemic impacted MSME sector as an end-to-end digital lending program in June 2020 and has disbursed over INR 750 crore, as of October 31, 2021.

Speaking on this occasion, Dinesh Khara, Chairman, State Ban...