Despite a challenging environment for Non-Banking Financial Companies (NBFCs) in India, U Gro Capital continues to strengthen its mission of bridging the credit gap for Micro, Small and Medium Enterprises (MSMEs). In a sector facing increased regulatory scrutiny, higher risk weight allocations by the Reserve Bank of India (RBI) and tightening liquidity from banks, U GRO Capital has demonstrated resilience and trust from its banking and financial institution partners.
Amidst concerns over the broader NBFC landscape, particularly in the Micro Finance segment, the company has expanded its footprint by adding 74 new branches across the country. It also recorded its highest-ever disbursement in a quarter, reinforcing its commitment to empower India’s MSME sector.
The company sets high benchmarks for itself and strives to achieve these. MSMEs are the backbone of India’s economic growth and a key pillar in realising the vision of an Aatmanirbhar Bharat. Ensuring seamless credit flow to them will be instrumental in driving change, stated the company.
With continued support from banks, financial institutions and co-lending partners, U Gro Capital remains steadfast in its mission to strengthen financial access for MSMEs and fuel their growth, ensuring a more robust and self-reliant Indian economy.
Send news announcements/press releases to:
anupam@b2bmarketmedia.com
