UGRO Capital Limited, a non-banking financial company specializing in MSME lending, has announced plans to issue secured, rated, listed, redeemable non-convertible debentures (NCDs) totaling ₹250 million. The NCDs, rated 'IND A+/Stable' by India Ratings, will be available for subscription from October 10, 2024, to October 23, 2024. This initiative aims to bolster UGRO's lending capacity to small and medium enterprises across India.