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UGRO Capital: Targeting to hit milestone of Rs 20,000 cr loan book in 8-10 quarters: Shachindra Nath
Update / Judgement Date
09 Jun 2024
Source
Author
Team — WCP Legal Desk
Reading Time
1 min read
Banking
Shachindra Nath, Founder & MD of UGRO Capital, reveals plans to expand from 105 to 250 locations this year and 400 next year, focusing on tier II to V towns. Around 60-70% of their loan book targets micro-enterprises in these areas. \r
As the new head of Assocham NBFC and Infra Committee, Nath aims to address liquidity challenges faced by smaller NBFCs and improve co-lending partnerships with banks. He emphasizes the need for systematic liquidity flow to middle-sized NBFCs, especially for priority sector lending. \r
Expanding into tier II to V towns aligns with government focus, bolstering UGRO's growth prospects. With recent capital infusion and leveraging digital infrastructure, UGRO aims to become a large institution in MSME financing, targeting a milestone of ₹20,000 crore in the next 8-10 quarters.
