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The funds raised from this issuance will be deployed by TruCap to facilitate growth capital access for small businesses in MSME hubs, with a particular emphasis on empowering nano lenders, fostering financial inclusion, and providing working capital to underserved enterprises.
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TRU has cumulatively disbursed more than Rs 2,000 crore in loans to over 1.9 lakh customers to support credit inclusion of underserved businesses. With a network of more than 118 branches spread over over 50 cities in MSME clusters of West, Central, and North India, TRU aims to enable timely solutions being delivered to small businesses, whether it is to avail working capital or purchase assets to enhance their revenue, and power livelihood generation in non-metro regions.