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Capri Global Capital collaborates with SBI to offer MSME loans

Capital Market 

Capri Global Capital (CGCL) has entered into a Co]Lending agreement with the State Bank of India (SBI) to offer MSME loans.

Through this collaboration, CGCL and SBI aim to disburse MSME loans initially across 100+ touch points pan]India. The loan disbursement under this arrangement would commence from December 2021.

This agreement is signed under the Co]Lending guidelines issued by RBI in November 2020 for Co]Lending to the Priority Sector.

The collaboration will help MSMEs to avail customized lending solutions at a competitive rate of interest with a significant reduction in turn]around time.

The Co]Lending agreement aims to enhance last]mile finance and drive financial inclusion to MSMEs by offering secured loans between Rs 10 lakhs to Rs 100 lakhs. The Co]Lending arrangement will entail joint contribution of credit to the prospective MSME customers in Tier II and Tier III markets.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Mon, November 29 2021. 13:16 IST