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U GRO Capital Partnered with Kinara Capital

Published on October 16, 2021
Current Context: The U GRO Capital has entered into a strategic partnership with Kinara Capital. They have collaborated to provide collateral-free business loans to the small businesses in the country.
U GRO Capital Partnered with Kinara Capital
  • They will jointly provide Rs 100 crore loans to the MSMEs by the end of FY22
  • The loans will be provided to the MSMEs dealing in manufacturing, trading, services domains
  • The loan amount in between Rs 1 lakh and Rs 30 lakh with a tenure of 12-60 months will be provided to the MSME
  • The process of loan application to loan disbursal will be made by Kinara Capital
  • Financing will be availed for working capital and asset purchase directly through Kinara Capital
  • The U GRO Capital will work on generating analytical data-driven decisions and it will integrate API with the smart technology platform of Kinara Capital
  • The U GRO Capital’s Gro X-stream platform will be used in this partnership

Question: 

Ques: 1: With which organization has U GRO Capital partnered to offer loans in between Rs 1 lakh and Rs 30 lakh to the MSMEs in India?
a. Paisalo Digital
b. Manappuram Finance Limited
c. Digilocker
d. Kinara Capital
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