Chennai: Capri Global Capital Limited, a NBFC focused on MSMEs and affordable housing finance segment has entered into a co-lending agreement with the Union Bank of India (UBI), one of the country’s largest public-sector banks, to offer MSMEs loans.
Through this collaboration, CGCL and UBI aim to disburse MSME loans across 100 plus touch points pan-India, a release said and added that the loan disbursement under this arrangement would commence from December 2021.
This agreement is signed under the guidelines issued by RBI in November 2020 for co-lending to the priority sector.