U GRO Capital tie-up with Bank of Baroda for MSME co-lending
U GRO Capital has made a partnership with the Bank of Baroda for co-lending to the micro, small and medium enterprise (MSME) sector. Under the co-lending program Pratham, Bank of Baroda, and U GRO will together provide loans worth Rs 1,000 crore to MSMEs. both entities will dispense the entire amount by the end of this financial year. The loan amount will range between ₹50 lakh and ₹2.5 crores to be offered at an interest rate starting from 8 percent with a maximum tenure of 120 months.
- This Program is accessible in nine locations in Delhi, Jaipur, Ahmedabad, Pune, Mumbai, Bengaluru, Chennai, Hyderabad, and Kolkata.
About Bank Of Baroda –
Headquarters: Alkapuri, Vadodara
Founder: Sayajirao Gaekwad III
Founded: 20 July 1908, Vadodara
About U GRO Capital –
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