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Project Detail:
Expanding Micro, Small and Medium Enterprise Lending.
Debt investment in secured nonconvertible debentures up to $150 million (in INR equivalent) to Capital First Limited.
Objectives and Scope
IDFC First Bank (formerly Capital First Limited) will use the proceeds of ADB's debt financing to finance loans to MSMEs in India. A portion of the funding will also be used to finance loans to MSMEs involved in the Make in India initiative, a government scheme to support domestic manufacturers.
Note: Please Download Project Document attached to this Project for more information.
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