Business »  Topic »  IFC to invest $200 million in Mahindra Finance to boost MSME lending

IFC to invest $200 million in Mahindra Finance to boost MSME lending


IFC had previously joined hands with Mahindra Finance in 2018, when it invested an equivalent of $100 million in Mahindra Finance to increase loans to farmers to buy tractors, commercial vehicles, and other equipment for modern farming.

IFC also invested an equivalent of million in Mahindra Rural Housing Finance (MRHFL) for housing loans to the rural poor, the statement said.

International Finance Corporation (IFC), a member of the World Bank Group, on Monday invested $200 million in Mahindra & Mahindra Financial Services, in a bid to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in ...


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