HDFC Bank, Mastercard, United States International Development Finance Corporation (DFC), and US Agency for International Development (USAID) launched a $100 million credit facility for MSMEs (Micro Small and Medium Enterprises) in India. The credit facility is part of USAID’s global Women Economic Empowerment Fund initiative and its COVID-19 response in India.
HDFC Bank will ensure the credit facility to be available for new-to-credit small businesses owners including at least 50 per cent of women entrepreneurs through its branch network across India. To promote and support small businesses in India for digitisation needs and to recover from the economic impacts of the COVID-19.
Important takeaways for all competitive exams:
- HDFC Bank Headquarters: Mumbai;
- HDFC Bank Founded: August 1994;
- HDFC Bank CEO: Sashidhar Jagdishan;
- HDFC Bank Tagline: We understand your world.