Aditya Birla Capital develops Udyog Plus platform for MSMEs

Mumbai, May 18 (KNN) The financial vertical of the Aditya Birla Group, Aditya Birla Capital launched one-stop business platform designed for MSME customers called Udyog Plus.

It was launched through its lending company Aditya Birla Finance.

The new B2B digital platform offers MSMEs financing, protection, investments, advisory, and value-added services for managing and growing their businesses.

It has been designed as an open marketplace that can be accessed through the financing section of the Aditya Birla Capital website by both existing and new customers of Aditya Birla Finance for unsecured and secured loans as well as supply chain financing solutions.

Apart from MSMEs, the financial products and services are also available for their entire ecosystem including promoters, owners, and employees.

Udyog Plus will give Aditya Birla Capital a platform to tap the tens of thousands of MSME that deal with AV Birla group companies Ultratech, Hindalco and Grasim.

MD & CEO Vishaka Mulye said that the group has ramped up its plans to lend to the MSME sector, which contributes to 30 percent of India’s GDP.

Mulye said that while the group was always focused on small businesses, the availability of information has made it possible to virtually draw up a balance sheet of small businesses based on GST, Income Tax, and bank statements, which lenders can now access in a straight-through manner.  (KNN Bureau)