In a strategic alliance with far-reaching implications, U GRO Capital has partnered with Laghu Udyog Bharati. The collaborative effort aims to launch a transformative awareness campaign designed to empower micro-enterprises across the nation with essential knowledge about government schemes, digital credit, and strategies for success in today’s rapidly evolving business landscape.
India’s micro, small, and medium-sized enterprises (MSMEs) have historically served as the backbone of the nation’s economy, contributing significantly to employment generation, industrial production, and overall economic growth. The importance of these enterprises cannot be overstated, as they constitute a substantial portion of India’s GDP and play a crucial role in poverty reduction and inclusive development. However, for these businesses to thrive, access to credit and financial resources is paramount. This collaboration between U GRO Capital and Laghu Udyog Bharati is poised to bring about a positive and transformative impact on micro-enterprises in India, fostering their growth and success.
Under this groundbreaking partnership, U GRO Capital and Laghu Udyog Bharati will conduct a series of seminars, workshops, and events in over 100 micro markets throughout India. The primary objective of these events is to educate and empower the network of small businesses associated with Laghu Udyog Bharati. U GRO Capital, known for its innovative financial products and its proprietary underwriting model, GRO Score 3.0, is well-prepared to support cash flow-based lending to MSMEs. This approach offers an effective means of extending credit to micro-enterprises, aiding them in their growth journey.
Om Prakash Gupta, All India General Secretary of Laghu Udyog Bharati, affirmed the organization’s commitment to supporting micro-enterprises, stating, “Laghu Udyog Bharati has always been dedicated to supporting and promoting micro-enterprises in India – from enhancing gainful employment to ensuring their sustained growth. Our collaboration with U GRO Capital aligns perfectly with our mission and vision of helping MSMEs unlock their potential. We believe that providing education and awareness about government schemes and digital credit will be a game-changer for small businesses in India.”
Shachindra Nath, Vice Chairman and Managing Director of U GRO Capital, expressed his enthusiasm for this partnership, saying, “At U GRO Capital, our mission is to address the credit needs of over 1 million small businesses in India over the next three years. We firmly believe that empowering MSMEs with knowledge about government schemes and digital credit solutions is essential for their growth and success. As part of our ongoing expansion efforts, we are set to establish a presence across 175 locations by the end of this fiscal year. We recognize that India’s MSMEs require education on the benefits of formal economy participation and digitization adoption. This partnership with Laghu Udyog Bharati will play a pivotal role in helping us reach, educate, and empower MSMEs, providing them with the insights needed to embrace credit solutions. We view this collaboration as a significant step towards realizing our mission.”
This strategic partnership between U GRO Capital and Laghu Udyog Bharati holds great promise for the advancement and empowerment of micro-enterprises in India, ultimately contributing to the nation’s economic growth and prosperity.