+
Sidbi Joins C2treds, UGRO to Boost MSME Credit
ECONOMY & POLICY

Sidbi Joins C2treds, UGRO to Boost MSME Credit

In a significant move to enhance credit access for Micro, Small, and Medium Enterprises (MSMEs), the Small Industries Development Bank of India (Sidbi) has announced strategic partnerships with C2treds and UGRO Capital.

These collaborations, established under the Reserve Bank of India's (RBI) co-lending framework, aim to leverage the strengths of banks and Non-Banking Financial Companies (NBFCs) to boost priority sector lending.

Sidbi, the apex institution for MSME promotion and development, has onboarded C2treds, a platform operating under the Trade Receivables Discounting System (TReDS) initiative. C2treds, regulated by the RBI, enables invoice discounting and promises to provide MSMEs with liquidity within 24 hours through an online bidding process. This platform is part of C2FO, a global on-demand working capital platform serving nearly 2 million businesses worldwide.

Prakash Kumar, Deputy Managing Director of Sidbi, emphasized the institution's commitment to increasing credit flow to MSMEs, stating, "TReDS has become an effective tool for the prompt realization of MSMEs' receivables, and Sidbi is onboarded on all operational TReDS platforms."

Basant Kaur, Country Head of C2FO India, expressed optimism about the partnership's potential impact, noting that Sidbi's involvement will "significantly amplify the company's efforts to support the growth of MSMEs, which are the employment engines of India."

In a parallel development, UGRO Capital, a datatech NBFC specialising in MSME lending, announced its co-lending partnership with Sidbi. This collaboration, also under the RBI's co-lending framework, aims to combine the strengths of both institutions to enhance priority sector lending.

Shachindra Nath, founder and managing director of UGRO Capital, highlighted the significance of this partnership, stating, "This collaboration is a testament to our commitment to driving financial inclusion and supporting the growth of MSMEs across the nation." UGRO Capital has already provided tailored financial solutions to over 78,000 MSMEs in India.

These partnerships represent a concerted effort to address the credit needs of the MSME sector, which plays a crucial role in India's economic landscape. By combining the reach and expertise of Sidbi with the innovative platforms and approaches of C2treds and UGRO Capital, these initiatives are poised to enhance liquidity, streamline lending processes, and ultimately foster growth in the MSME sector.

In a significant move to enhance credit access for Micro, Small, and Medium Enterprises (MSMEs), the Small Industries Development Bank of India (Sidbi) has announced strategic partnerships with C2treds and UGRO Capital. These collaborations, established under the Reserve Bank of India's (RBI) co-lending framework, aim to leverage the strengths of banks and Non-Banking Financial Companies (NBFCs) to boost priority sector lending. Sidbi, the apex institution for MSME promotion and development, has onboarded C2treds, a platform operating under the Trade Receivables Discounting System (TReDS) initiative. C2treds, regulated by the RBI, enables invoice discounting and promises to provide MSMEs with liquidity within 24 hours through an online bidding process. This platform is part of C2FO, a global on-demand working capital platform serving nearly 2 million businesses worldwide. Prakash Kumar, Deputy Managing Director of Sidbi, emphasized the institution's commitment to increasing credit flow to MSMEs, stating, TReDS has become an effective tool for the prompt realization of MSMEs' receivables, and Sidbi is onboarded on all operational TReDS platforms. Basant Kaur, Country Head of C2FO India, expressed optimism about the partnership's potential impact, noting that Sidbi's involvement will significantly amplify the company's efforts to support the growth of MSMEs, which are the employment engines of India. In a parallel development, UGRO Capital, a datatech NBFC specialising in MSME lending, announced its co-lending partnership with Sidbi. This collaboration, also under the RBI's co-lending framework, aims to combine the strengths of both institutions to enhance priority sector lending. Shachindra Nath, founder and managing director of UGRO Capital, highlighted the significance of this partnership, stating, This collaboration is a testament to our commitment to driving financial inclusion and supporting the growth of MSMEs across the nation. UGRO Capital has already provided tailored financial solutions to over 78,000 MSMEs in India. These partnerships represent a concerted effort to address the credit needs of the MSME sector, which plays a crucial role in India's economic landscape. By combining the reach and expertise of Sidbi with the innovative platforms and approaches of C2treds and UGRO Capital, these initiatives are poised to enhance liquidity, streamline lending processes, and ultimately foster growth in the MSME sector.

Next Story
Real Estate

Shriram Properties Launches ‘Codename: The One’ in Bengaluru

Shriram Properties (SPL), a leading real estate developer focused on the mid-market and mid-premium segments, has announced the launch of its latest residential project under the banner “Codename: The One” in Bengaluru’s Electronic City corridor. This feature-rich gated community will offer 340 spacious 2- and 3-BHK residences, with a total saleable area of approximately 5 lakh square feet and an estimated revenue potential of over Rs 3.5 billion. The project is expected to be developed over a span of more than three years.  Strategically located near the Bommasandra Metro stat..

Next Story
Resources

India Warehousing Show 2025 Closes with Strong Global Presence

The 14th edition of the India Warehousing Show (IWS) 2025 concluded successfully at Yashobhoomi (IICC), Dwarka, drawing participation from over 300 exhibitors across 15 countries and welcoming 15,000+ visitors. Recognised as India’s leading platform for warehousing and logistics excellence, IWS 2025 offered a comprehensive display of cutting-edge automation, sustainable warehousing solutions, and next-gen supply chain technologies. The show was inaugurated by Shri Pankaj Kumar, Joint Secretary – Logistics, DPIIT, Ministry of Commerce and Industry, Government of India. In his opening a..

Next Story
Equipment

MHIET Launches 450kW Gas Cogeneration System with H₂ Co-Firing

Mitsubishi Heavy Industries Engine & Turbocharger (MHIET), part of the Mitsubishi Heavy Industries Group, has launched a new 450kW gas cogeneration system, the SGP M450, jointly developed with Toho Gas Co.,. The system supports hydrogen co-firing at up to 15 vol per cent, with no loss in performance or reliability.  The system is currently available in the Japanese market, and has been developed from the existing GS6R2 city gas engine platform. Key modifications were made to the fuel gas and engine control systems to enable hydrogen co-firing.   Verified through de..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?