IndusInd Bank Inks Agreement With OPIC for $225 million Loan

In order to support the expansion of the bank’s micro, small and medium enterprise (MSME) lending programs across India, IndusInd Bank has made an agreement with the Overseas Private Investment Corporation (OPIC) for a USD 225 million loan.

At the event supporting IndusInd Bank’s MSME lending, Fargo Bank also signed a $20 million finance agreement which commits at least 25% funds to women entrepreneurs.

At least 25% of the proposed facility will support. The eight-year loan is part of the agency’s commitment to supporting $1 billion in loan to small and medium enterprises in India and one-fourth of the proposed facility is expected to support the women entrepreneurs and reach those who previously could not avail these facilities.

Inspite of being an important segment of the Indian economy, MSMEs are often constrained by a lack of access to capital. This loan will support IndusInd Bank in increasing its MSME lending.