CGCL partners with Union Bank of India to help MSMEs
Capri Global Capital Limited (CGCL), a NBFC focused on MSMEs, and affordable housing finance segment 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. The loan disbursement under this arrangement would commence from December 2021.
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 agreement aims to enhance last mile credit and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakh to Rs 100 lakh.