Jodhpur, Rajasthan, December 21, 2023 (GNI): U GRO Capital, a leading DataTech NBFC focused on MSME lending, has joined forces with Laghu Udyog Bharati, an organization dedicated to supporting and promoting micro-enterprises to conduct a seminar in Jodhpur, Rajasthan, as part of their nationwide initiative to educate small businesses on government schemes and promote digital credit. This eventis the first of 100 planned seminars, aimed to raise awareness and provide education to micro-enterprises in India regarding government schemes, digital credit, and strategies for success in an evolving business landscape. This is a pivotal step in empowering micro-enterprises across the country.
The credit landscape for MSMEs in Rajasthan is undergoing a positive transformation and Jodhpur, the Sun City, holds immense potential for MSME growth. Rajasthan is home to over 6 lakh MSMEs, which provide employment to over 37 lakh people and has long been the backbone of the country’s economy. U GRO Capital, with its strong presence in key cities such as Jodhpur, Kota, Jaipur, Bikaner, and Udaipur, as well as over 20 micro-locations across Rajasthan, is committed to supporting MSMEs in their growth journey. The company extends credit to MSMEs in Barmer, Pali, Sumerpur, and Jaitaran around Jodhpur, contributing to the economic development of these regions.
U GRO Capital’s innovative financial products and proprietary underwriting model, GRO Score 3.0, position it as a valuable partner in extending cashflow-based lending to Rajasthan’s MSMEs. Rajasthan, with its vibrant economic activities, stands to benefit significantly from these educational initiatives, fostering a conducive environment for MSMEs to thrive.
Mr. Shachindra Nath, Founder and Managing Director of U GRO Capital, expressed his enthusiasm, saying, “Our mission at U GRO Capital is to empower small businesses across India. Jodhpur, with its dynamic MSME ecosystem, holds immense potential for growth. Through this seminar and our partnership with Laghu Udyog Bharati, we aim to equip local businesses with the knowledge and tools necessary for success in the digital era.”
Shri Ghanshyam Ojha, President of Laghu Udyog Bharati, added, “Laghu Udyog Bharati is committed to supporting micro-enterprises, and our collaboration with U GRO Capital aligns seamlessly with our vision. The seminar in Jodhpur marks the beginning of a transformative journey, bringing government schemes and digital credit solutions directly to the doorstep of MSMEs in Rajasthan.”
The seminar in Jodhpur marks the beginning of a nationwide effort to empower India’s MSMEs, and U GRO Capital and Laghu Udyog Bharati are confident that the knowledge-sharing initiatives will contribute significantly to the growth and success of micro-enterprises across the state and country.
About Laghu Udyog Bharati: Laghu Udyog Bharati, since 1994, being the largest MSME association of the country, with presence in 27 states, 550 Districts and 45000 Members, has been key in bring out Financial Environment for Micro & Small Enterprises at the National Capital with Government of India.
Laghu Udyog Bharati, in line with G20 Financial Inclusion Mission, is desirous of fulfilling the huge needs of growing economic demand for Micro and Small Enterprises. Laghu Udyog Bharati has engaged, as part of its Financial Outreach for Micro & Small Enterprises, with UGRO Capital, to extend Capital Support in 100 Locations of 27 states to Micro & Small Enterprises. For more information, please visit: https://www.lubindia.com/
About UGRO Capital Ltd (NSE: UGROCAP I BSE: 511742) UGRO Capital Limited is a DataTech Lending platform, listed on NSE and BSE. Pursuing its mission of “Solving the Unsolved” for the small business credit gap in India, on the back of its formidable distribution reach and its Data-tech approach.
The Company’s prowess in Data Analytics and strong Technology architecture allows for customized sourcing platforms for each sourcing channel. GRO Plus module which has uberized intermediated sourcing, GRO Chain, a supply chain financing platform with automated end-to-end approval and flow of invoices, GRO Xstream platform for co-lending, an upstream and downstream integration with fintechs and liability providers, and GRO X application to deliver embedded financing option to MSMEs.
The credit scoring model GRO Score (3.0) a statistical framework using AI / ML driven statistical model to risk rank customers is revolutionizing the MSME credit by providing on-tap financing like consumer financing in India.
UGRO has pioneered the “Lending as a Service” (LaaS) model in India which is prevalent in the West through Co-Lending relationships with 10+ Large Public Sector Banks and large NBFCs and built a sizeable off-balance sheet asset of more than 45% of its AUM through the GRO Xstream platform.
The Company is backed by marquee institutional investors (raised INR 900+ Cr of equity capital in 2018 and INR 340 Cr in 2023) and aims to capture 1% market share over the next three years. For more information, please visit: http://www.ugrocapital.com/
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