UGRO Capital today announced an important milestone in its goal to close the credit gap in India’s MSME sector. The company signed a commitment letter with the United States International Development Finance Corporation (DFC) for a USD 40 million (about INR 3300 million) loan.
The United States Agency for International Development (USAID) is supporting this transaction by allocating staff resources and linking technical programs to support inclusive and sustainable economic growth. This investment is a significant step in UGRO Capital’s efforts to empower small companies at the grassroots level and increase financial inclusion throughout the country.
Over the last six years, UGRO Capital provided credit to over 100,000 MSMEs, playing a critical role in providing financial access for underserved small businesses.
