Asian Development Bank and HSBC India have signed an agreement to establish a USD 100 million partial guarantee programme to support more than 4,00,000 micro-borrowers and mostly women-run micro-enterprises across India.
The Prime Minister of India Narendra Modi launched the 'Rashtriya Gram Swaraj Abhiyan (RGSA), the 'Transformation of Aspirational Districts' program, under the Ministry of Panchayati Raj.
State Bank of India (SBI) has raised 3-year funds of $500 million (over Rs 3,800 crore) through a syndicated loan facility at "very fine pricing" through its IFSC Gift City branch.
EXAMIANS