Indian MSME-focused non-banking lender Ugro Capital secures $30m in debt from ADB

Indian MSME-focused non-banking lender Ugro Capital secures $30m in debt from ADB

Aerial view of ADB headquarters. Source: ADB's Flickr stream

The Asian Development Bank (ADB) has approved a $30 million investment in India-based non-banking financial institution (NBFI) Ugro Capital, according to an announcement.

Edited by: Padma Priya