You are here: Home » News-CM » Companies » News
Business Standard

Mahindra Finance gets anchor investment of $200 mn from IFC for financing MSMEs

Capital Market 

Mahindra Finance further commits $225 mn to MSME financing

Mahindra & Mahindra Financial Services announced that IFC, part of the World Bank Group, has anchored an investment round of $200 million in Mahindra & Mahindra Financial Services (Mahindra Finance) to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states. At least $100 million will be earmarked for women owned MSMEs.

IFC has invested $75 million from its own account and is mobilizing another $125 million as parallel loans. The $100 million dedicated to women will be supported by blended finance from the IFC-Goldman Sachs' Women Entrepreneurs Opportunity Facility.

Mahindra Finance has further committed $225 million to this pool.

Powered by Capital Market - Live News

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, December 02 2019. 15:00 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU