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Central Bank of India signed Co-Lending Agreement with U GRO Capital

Published on December 24, 2021
Current Context: The Central Bank of India has signed a co-lending agreement with U GRO Capital.
Central Bank of India signed Co-Lending Agreement with U GRO Capital
  • 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
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