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IFC to invest Rs 1,433 crore in Mahindra Fin
Highlights
World Bank Group arm IFC on Monday said it has anchored an investment round of $200 million (about Rs 1,433 crore) in Mahindra and Mahindra Financial Services to create a dedicated pool of financing for MSMEs in low-income states.
New Delhi: World Bank Group arm IFC on Monday said it has anchored an investment round of $200 million (about Rs 1,433 crore) in Mahindra and Mahindra Financial Services to create a dedicated pool of financing for MSMEs in low-income states.
At least $100 million will be earmarked for women-owned micro, small and medium enterprises (MSMEs), according to a release.
"IFC (International Finance Corporation) has invested $75 million from its own account and is mobilising another $125 million as parallel loans," it said.
The $100 million dedicated to women will be supported by blended finance from the IFC-Goldman Sachs' Women Entrepreneurs Opportunity Facility.
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