- Under this, it aims to disburse up to Rs 1,000 crore to the MSMEs in the one-year time span.
- The amount will be disbursed to U GRO Capital’s varied MSME segments.
- The agreement will function under programs like Pratham, Sanjeevani, Saathi, GRO MSME, and machinery financing.
- The co-lending support will be granted through the GRO-Xstream platform by the Central Bank of India with the loans originated by U GRO Capital’s distribution network.
- Static Part:
- HQ of Central Bank of India: Mumbai
Question:
Q.1 Which bank signed a co-lending agreement with U GRO Capital to disburse up to Rs 1,000 crore to the MSMEs?
a. Union Bank of India
b. Central Bank of India
c. Bank of Baroda
d. Karnataka Bank
a. Union Bank of India
b. Central Bank of India
c. Bank of Baroda
d. Karnataka Bank
