Godrej Capital has signed a strategic Memorandum of Understanding (MoU) with the Government of Uttar Pradesh to enhance access to credit for Micro, Small and Medium Enterprises (MSMEs) across the state.
Under the agreement, Godrej Finance will collaborate with the state to review and potentially extend credit support to 500 high-potential ‘champion’ MSMEs in Uttar Pradesh. The initiative aims to improve timely access to institutional finance, accelerate enterprise modernisation, and generate employment opportunities across districts.
Aligned with the state’s MSME policy framework, the partnership will explore customised financial solutions under the Chief Minister YUVA Scheme to support young entrepreneurs. Enterprises operating under the One District One Product (ODOP) initiative will receive specially enabled credit support to strengthen traditional industries, artisan networks and local manufacturing clusters.
Women entrepreneurship will be a key focus area. The state government will examine avenues to support women-led enterprises through Aarohi Loans, a credit solution developed by Godrej Capital to enhance financial inclusion and participation of women in the formal credit system.
Godrej Finance will provide digital-first lending solutions, offering unsecured loans within three days and secured loans within seven days through a fully digital and transparent process. MSMEs will also gain access to Godrej Nirman, an open platform that connects businesses to partner solutions across compliance, technology, procurement and business expansion.
A Joint Work Committee comprising representatives from both parties will oversee implementation and coordination of initiatives under the MoU, contributing to Uttar Pradesh’s broader agenda of infrastructure-led and inclusive economic growth.
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