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PRESS RELEASE: Asian Development Bank Loans $200m to Yes Bank of India to Fund Women’s Self-Help Groups, Small Farmers
The Asian Development Bank (ADB), a multilateral development finance institution based in the Philippines, has recently approved a loan of up to USD 200 million to Yes Bank Limited, an Indian commercial bank based in Mumbai. The loan will be on-lent to “2.5 million rural, low income women”[1] who are members of self-help groups and “up to 37,000 small-scale farmers”[1] working in rural areas of the country. The loan agreement also includes a provision for USD 1 million to be used for technical assistance for capacity building, including financial literacy training and product development.
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- Uncategorized
- Region
- South Asia
- Tags
- lending, microfinance
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Health Minister JP Nadda for Innovation of Cheaper New Drugs
Union Health Minister JP Nadda today underlined the need for innovation of new drugs at low cost which are affordable to the poorest, even as he sought to strike a balance between the commercial and medical spendings.
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- Health Care
- Region
- South Asia
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Institutional Investors Making Renewables Key Future Trend
Institutional investors are increasingly aligning their investments with energy technologies of the future, a new report claims.
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- Energy
- Region
- Europe & Eurasia
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96% of Financial Pros Say Industry Has a Trust Problem
Financial services providers agreed almost unanimously that the public doesn’t trust the industry, and they appear to be shouldering most of the responsibility for that lack of trust.
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- Uncategorized
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SunEdison, Adani to Invest $4 bln in Indian Solar Panel Plant
Solar power firm SunEdison and Indian conglomerate Adani Enterprises plan to invest up to $4 billion in what would be one of India's largest solar panel makers, a boost for Prime Minister Narendra Modi as he hosts an investment summit.On the sidelines of Modi's Vibrant Gujarat gathering of statesmen and business leaders, the two firms said on Sunday that the new joint venture project would manufacture low-cost photovoltaic solar panels, helping turn sunlight directly into electricity at cheaper rates.Solar energy in India costs up to 50 percent more than power from sources like coal.
- Categories
- Energy
- Region
- South Asia
- Tags
- renewable energy, solar
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28 Philanthropy Issues to Watch in 2015
As the New Year gets underway, we could conjure up a list of "top trends" in philanthropy for 2015 or make a bunch of predictions that we would probably regret twelve months from now, along with all the junk we ate over the holidays.
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- Uncategorized
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Venture Capital Investors Plan $2 Billion New Funds for Indian Startups
Venture capital investors are on the road to raise nearly $2 billion, or about Rs12,400 crore, in new funds this year to power the next generation of emerging businesses in India's booming startup sector.
- Categories
- Investing
- Region
- South Asia
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Impact investor Gray Ghost Ventures to Raise $60 mln Third Fund
Impact investor Gray Ghost Ventures said it is raising a $60 million third fund that represents a big step up from its $35 million second fund in 2009. The firm expects a first close on about $25 million in March, said CEO Arun Gore.
- Categories
- Investing
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