Union Bank of India has entered into a co-lending partnership with Capri Global Capital, under which they will disburse loans to MSMEs.
Capri Global Capital Ltd (CGCL) is a non banking financial company focused on lending to MSMEs and the affordable housing finance segment. The co-lending agreement aims to enhance last-mile finance and MSMEs by offering secured loans between Rs 10 lakh to Rs 1 crore, the public sector lender said in a statement. Through this collaboration, Union Bank of India and CGCL aim to disburse MSME loans initially across 100 plus touch points across India, it said.