Urja working capital programme for ecas

Recognising that access to finance is a major stumbling block that hampers the growth of ECAs, Tata Steel launched URJA, a unique working capital finance programme exclusively for its ECA/MSME customers. The programme, rolled out in association with mjunction, enables easy access to finance at competitive rates. mjunction provides an integrated single point digital platform for this online finance facility on a real time basis and loans are disbursed based on the vintage, conduct and dependency of the borrower.

Through Urja, ECAs benefit from an increase in liquidity due to availability of funds. Borrowing terms are competitive and the loans are unsecured. First time borrowers also have the benefit of a build up of credit history.

Aimed at energising the entire ecosystem of channel partner and customer, the programme ensures a competitive offering by bringing multiple lenders to a single platform and ensuring that no growth opportunity is missed for lack of working capital.