Chennai: HDFC Bank, Mastercard, US International Development Finance Corporation (DFC), and US Agency for International Development (USAID) have launched a $100 million credit facility to promote and encourage small businesses in India to digitise, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic.
According to a press release, the new credit facility aims to expand lending to small businesses that need financing to maintain and grow their operations, and enable recovery through digitisation, with an emphasis on supporting women-led businesses.
