At least 25 per cent of the proposed facility will support women entrepreneurs and reach to populations who previously had no access to banking facility.
The eight-year loan is part of the bank's programme to support USD 1 billion in loans to undeserved small and medium enterprises in India, a statement said yesterday.
"Fostering access to finance opportunities for women entrepreneurs and micro, small and medium enterprise (MSME) is important for increasing higher economic output throughout India," said Acting Overseas Private Investment Corporation (OPIC) President and Chief Executive Officer Dev Jagadesan.
"This also marks a significant milestone for the Bank as it helps us reach out to a new class of global investors to drive our growth," said Romesh Sobti, managing director and chief executive officer of IndusInd Bank.
The OPIC loan will support IndusInd Bank in increasing its MSME lending.
Wells Fargo Bank also signed a USD 20 million finance agreement at the event supporting IndusInd Bank's MSME lending, which will include at least 25 per cent dedicated to women entrepreneurs, a statement said.
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