- Collaboration Aims to Raise Awareness on Government Schemes and Digital Credit Solutions for Small Businesses in Uttar Pradesh
TIL Desk Lucknow:👉UGRO Capital, a leading DataTech NBFC focused on MSME lending, today announced two significant initiatives aimed at bolstering India’s MSME sector at the MSME Udhyog Samvad organized by Rashtriya Jan Udyog Vyapar Sangathan (RJUVS) in Lucknow. The event saw the signing of a Memorandum of Understanding (MoU) between UGRO Capital and RJUVS.
The MoU, signed by Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital, and Mr. Amit Gupta, National President of RJUVS, marks the start of a comprehensive awareness campaign aimed at educating and empowering micro-enterprises in India. This collaboration will focus on raising awareness of government schemes for small businesses, promoting the benefits of digital credit, and providing strategies for enhancing competitiveness in a dynamic business landscape.
Speaking on the collaboration, Mr. Shachindra Nath, Founder and Managing Director of UGRO Capital, emphasized UGRO Capital’s mission to address the credit needs of micro-enterprises and empower them with digital credit solutions. He said, “Micro-enterprises are the backbone of India’s economy, and we are committed to helping them access credit through digital platforms. This MoU with RJUVS is a significant step toward creating a lasting impact in the MSME ecosystem. Together, we aim to provide much-needed awareness of government schemes, access to credit, and strategies that will drive the competitiveness of small businesses across India.”
Mr. Amit Gupta, National President of RJUVS, echoed this sentiment, “We are excited to partner with UGRO Capital in this important initiative. Micro-enterprises in India often struggle with limited access to vital resources, including information on government support and credit facilities. Through this campaign, we aim to bridge that gap, helping them thrive in today’s competitive environment and contribute to India’s growing economy.”
As part of the MoU, UGRO Capital will host a series of seminars, workshops, and events across India, where the company has a presence. RJUVS will collaborate on identifying markets, organizing venues, and mobilizing its network of micro-enterprises to ensure the success of the campaign. Together, the organizations will reach thousands of small businesses, providing them with the tools they need to grow and succeed.
Uttar Pradesh is home to the largest base of MSMEs in India, contributing significantly to both employment and the state’s GDP. With its diverse manufacturing sector and strong government support, including initiatives like the One District One Product (ODOP) scheme and the Uttar Pradesh Industrial Investment and Employment Promotion Policy (UPIIEPP) 2017, the state is emerging as a key growth engine for MSMEs. UGRO Capital, with its strong presence in Uttar Pradesh, recognizes the immense potential of the state’s MSMEs and is committed to supporting their growth through innovative credit solutions.
For Mr. Shachindra Nath, the connection to Uttar Pradesh is personal. “Varanasi is my hometown, and I’ve witnessed firsthand the incredible resilience and entrepreneurship that define this region. Our goal at UGRO Capital is to contribute to the state’s economic growth by empowering its MSMEs with the credit and resources they need to succeed,” said Mr. Nath.
This partnership with RJUVS and the launch of the MSME Sampark Report mark UGRO Capital’s continued efforts to create a robust, thriving MSME ecosystem in India.
