Its seven-member board now comprises four women board members including Geeta Goel, Michael & Susan Dell Foundation, Suvalakshmi Chakraborti, Founder Finreach, Treasa Mathew, Omidyar Network, and Sucharita Mukherjee, Co-founder, Kaleidofin.
This transaction is the first of its kind for U GRO Capital and is expected to provide a boost to the overall targets it wants to achieve.
The initiative aims to provide financial support to non-profit organizations, educational institutions, or social startups for addressing developmental gaps.
The credit rating agency opined that adequate system liquidity, along with sufficient capital buffers, provides enough cushion to navigate the challenges from a subdued operating environment.
The aim of the project is to support SHGs by providing them with business training, production skills and marketing information to empower rural women to adopt non-agricultural means of earning a sustainable livelihood.
The company has announced that it is driving a proof-of-concept in the country which will allow people to make payments in places with low or no internet connectivity.