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SIDBI Partners C2treds & UGRO Capital to Facilitate Loans to MSME Sector

Published on August 01, 2024
Current Context: Small Industries Development Bank of India (SIDBI) has collaborated with C2treds and UGRO Capital to facilitate loans for the MSME (Micro, Small, and Medium Enterprises) sector.
SIDBI Partners C2treds & UGRO Capital to Facilitate Loans to MSME Sector
  • Here are the key details:
    • C2treds Partnership:
      • C2treds is a platform that offers MSMEs liquidity within 24 hours through an online bidding process.
      • It operates under the Trade Receivables Discounting System (TReDS) initiative, regulated by the Reserve Bank of India (RBI).
      • Through this collaboration, C2treds aims to enhance liquidity for MSMEs at competitive interest rates.
      • SIDBI’s participation in the C2treds platform will amplify efforts to support the growth of MSMEs, which are vital for employment in India.
    • UGRO Capital Partnership:
      • UGRO Capital, a datatech NBFC (Non-Banking Financial Company), has established a strategic co-lending partnership with SIDBI.
      • This partnership leverages the RBI’s co-lending framework, designed to boost priority sector lending.
      • UGRO Capital has already extended bespoke finance solutions to over 78,000 MSMEs in India.

Question:

1 What is the main advantage of the C2treds platform for MSMEs?

  • A) Access to long-term loans
  • B) Liquidity within 24 hours at competitive interest rates
  • C) Equity financing options
  • D) Grants for new business ventures
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