Business brief

Non-banking financial company U Gro Capital has launched its operations in New Delhi to disburse loans between Rs 10 lakh and Rs 5 crore to small businesses operating in eight identified sectors.

The sectors are education, healthcare, chemicals, food processing, hospitality, electric equipment and component, auto components, and light engineering segments.

"New Delhi is a huge small and medium enterprises hub especially in the healthcare, education and automobile component spaces. We hope to make a positive impact to these customers by providing aspiring entrepreneurs of the state with customised solutions," said Shachindra Nath, executive chairman and managing director, U GRO Capital.