Finmin secures $1 billion IFC funding for MSMEs; $500 million already released to Sidbi
India secured one billion dollars from the International Finance Corporation for banks. This funding will provide long-term credit to small businesses and financial institutions. The facility will address a key gap by offering loans of up to seven years. It aims to galvanize MSME capital expenditure investment and support modernization.
We haven't written up this one. The Economic Times - Economy has the full story — the link below goes straight to it.
