The agreement will facilitate at least 25 per cent of the proposed facility to support women entrepreneurs and reach previously unbanked populations.
IndusInd Bank, which reaches MSMEs across broad and diverse industries will help the eight-year loan to supporting $one billion in loans to underserved small and medium enterprises in India.
"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.
"We are proud to partner with IndusInd Bank to expand access to critical financial services," added Jagadesan.
"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," said MD and Chief Executive Officer of IndusInd Bank, Romesh Sobti.