International Finance Corporation (IFC), a member of the World Bank Group, will invest $26.5 million in a supply chain company and a fund which focus on small and medium enterprises in low-income Indian states. The investment companies include Pragati India Fund and Snowman Logistics. Pragati India Fund is an investment vehicle focuses on small and medium enterprises in low-income Indian states. IFC is planning to invest up to $20 million and will help Pragati India provide growth capital to start-ups outside of major urban centers, creating jobs and promoting inclusive economic growth, according to the Corporation.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app