The Overseas Private Investment Corporation (OPIC) and IndusInd Bank executed an agreement for a $225 million loan supporting the expansion of Indusland Bank’s MSME (micro, small, and medium enterprise) lending programs across India.
As per the press statement at least 25 percent of the amount will be spend to support women entrepreneurs.
Speaking in the occasion, Romesh Sobti, Managing Director and Chief Executive Officer of IndusInd Bank, stated, “This agreement with OPIC will help IndusInd Bank to further enhance our MSME lending franchise, thus providing the impetus to some of the major growth drivers of our economy. This also marks a significant milestone for the Bank as it helps us reach out to a new class of global investors to drive our growth.”
— OPIC.gov (@opicgov) June 8, 2017
“Fostering access to finance opportunities for women entrepreneurs and MSMEs is important for increasing higher economic output throughout India,” said Acting OPIC President and Chief Executive Officer Dev Jagadesan. “OPIC recognizes the positive impact supporting women entrepreneurs can have in a community. We are proud to partner with IndusInd Bank to expand access to critical financial services.”Click here for reuse options!
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