U GRO CAPITAL EMPOWERS WOMEN ENTREPRENEURS WITH THE LAUNCH OF PRAGATI BUSINESS LOAN

Simplifying the loan process, offering a 50% discount on processing fees for loans disbursed until March 31, 2024

Chennai, 07.03.24: UGRO Capital Limited, a leading DataTech NBFC focused on MSME lending has announced the launch of an all-new business loan, ‘PRAGATI’, for women entrepreneurs. Demonstrating its dedication to women empowerment, U GRO Capital simplifies loan processes and offers a 50% discount on processing fees for loans disbursed until March 31, 2024. The initiative aims to facilitate women’s access to credit nationwide and foster their entrepreneurial drive. The company aims to reach over 50,000 women entrepreneurs across the country in FY25.

The newly introduced product streamlines the loan process for women entrepreneurs, offering a digital platform, minimal documentation, and expedited approvals. Tailored to fuel business growth, these loans support diverse needs such as expansion, working capital, equipment upgrades, or sustainable initiatives like Rooftop Solar installation. Pragati Loans are available as secured or unsecured business loans up to Rs. 5 crores, with competitive interest rates and repayment terms ranging from 12 months to 15 years depending on the nature of the loan taken. Eligibility requires women borrowers to own or co-own the business/enterprise.

Mr. Amit Mande, Chief Revenue Officer, UGRO Capital Limited, expressed his enthusiasm for the launch of PRAGATI, stating, “PRAGATI, meaning ‘growth’, perfectly aligns with our core beliefs. It is more than just a business loan; it’s a symbol of our unwavering commitment to empowering women entrepreneurs. With simplified processes and discounts, we aim to break down barriers and pave the way for their success.”

Women entrepreneurs are pivotal in fuelling the economic advancement of inclusive societies and nurturing innovation in India. Their tenacity, resolve, and entrepreneurial zeal make substantial contributions to job generation, GDP expansion, and societal advancement. Acknowledging their significance, U GRO Capital is committed to delivering customized financial solutions to bolster their ventures.