Category : Business
 The International Finance Corporation (IFC), a unit of the World Bank Group, has anchored an investment round of $200million in Mahindra & Mahindra Financial Services Limited (MMFSL). Mahindra & Mahindra Financial Services Limited (MMFSL) is a Rural NBFC (Non-Banking Financial Company) with the objective to create a ‘pool’ specifically for financing micro, small and medium enterprises (MSMEs) in low-income states. IFC is investing $75 million from its own account and mobilizing another $125 million as parallel loans. At the same time, Mahindra Finance has committed to invest $225 million in this fund. At least $ 100 million of this would be for women-owned MSMEs & it will be supported by blended finance from the IFC-Goldman Sachs’ Women Entrepreneurs Opportunity Facility. |
| Source: The Livemint |
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