IndusInd Bank to Loan $150 Million From DFC to Support Women Entrepreneurs in India
IndusInd Bank has executed an agreement with the United States International Development Finance Corporation (DFC) for a $150 million loan to expand its microfinance portfolio.
The private sector lender will use the proceeds to lend to women borrowers in rural communities of Jharkhand, Uttar Pradesh, and Bihar, it said in a release.
Photo courtesy of elgroot.
Source: businessline (link opens in a new window)