Ugro Capital secures financing facility of USD 40 million from DFC

Barchart · 10/16 05:34
Ugro Capital announced a significant milestone in its mission to bridge the credit gap in India's MSME sector. The Company signed a commitment letter with the United States International Development Finance Corporation (DFC) for a USD 40 million (approx. Rs 330 crore) loan. The United States Agency for International Development (USAID) is supporting this transaction by committing its staff resources and linking its technical programs to support inclusive and sustainable economic growth.