You are here: Home » News-IANS » Business-Economy
Business Standard

USAID, DHFL sign $10 mn loan guarantee for health SMEs

Health Medical Pharma

IANS  |  Mumbai 

The US Agency for International Development (USAID) and Dewan Housing Finance Corp Ltd (DHFL) on Tuesday signed a $10 million loan guarantee agreement which will benefit small and medium enterprises operating in the healthcare sector in Tier II and III cities in India, officials said.

Through this risk-sharing agreement, the DHFL will provide up to $10 million to such SMEs, besides prioritizing lending to women entrepreneurs.

The new partnership will deepen collaboration with various borrowers across the country, especially Rajasthan, Odisha, Madhya Pradesh and Chhattisgarh, especially for the undeserved communities.

"The USAID-DHFL partnership will boost women's empowerment by prioritizing them for lending, helping women access loans, and expand and improve the viability of their businesses," US Consul-General in Mumbai Edgard Kagan said on the occasion.

DHFL's Joint Managing Director Harshil Mehta said the company's partnership with USAID was a culmination of their combined efforts to improve healthcare facilities across India, especially the smaller cities.

The venture will get technical assistance from USAID's flagship 'Partnerships for Affordable Healthcare Access and Longevity (PAHAL)' programme.

PAHAL Project Director L.M. Singh said it was already reaching 10 million urban poor across seven high priority states in India.



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

Dear Reader,

Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, July 24 2018. 20:28 IST