To support financing of women entrepreneurs and SME
Yes Bank has teamed up with the Overseas Private Investment Corporation (OPIC), the US Government's Development Finance Institution, and Wells Fargo, on an agreement to increase lending to small and medium enterprises in India.Under the agreement, OPIC will provide $75 million in financing and up to $75 million in syndicated financing jointly arranged by Wells Fargo Bank to Yes Bank.
Specifically, $50 million of the financing would be used to expand support to women owned businesses, while another $50 million will be used for financing SME business in low income states.
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