News

DFC invests USD 272 million in India to Boost Economic Growth.

Economy Business | Dated: 08 Oct 2024

The U.S. International Development Finance Corporation (DFC) has committed over USD 272 million to support India's economic growth and sustainability.

🎯 Key Highlights:

- This commitment reflects the strengthening partnership between the United States and India, particularly in promoting gender equality and sustainable development.
- It underscores the DFC's role in enhancing economic opportunities for millions and contributes to global efforts to combat climate change.

💡 Other Important Facts:

(i) This investment includes significant allocations, such as a USD 40 million loan to APAC Financial Services Private Limited, based in Mumbai (Maharashtra), aimed at expanding lending to low-income and microenterprises.
(ii) The DFC has allocated USD 19.8 million to Aryatech Platforms Pvt. Ltd., based in Noida (Uttar Pradesh). This investment will enhance agricultural trade by connecting small farmers with buyers and streamlining financing in the agricultural sector.

📚 Test Your Knowledge:

How much has the DFC Recently invested in India to boost economic growth?

Correct Answer: USD 272 million

🚀 Quick Recap:

About International Development Finance Corporation (DFC) ,

CEO : Scott Nathan
Headquarters: Washington, United States