Categories: Economy

HDFC Bank, Mastercard, DFC, USAID launched a $100 Million Credit Facility

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.

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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.

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Sumit Arora

As a team lead and current affairs writer at Adda247, my role involves researching and creating informative and engaging content aimed at helping candidates prepare for national and state-level competitive government exams. I specialize in delivering insightful articles that keep aspirants updated on the latest current affairs trends and developments. My primary focus is on educational excellence, ensuring that our readers are well-prepared and informed to face their exams with confidence. Through meticulously crafted content, I aim to guide and support candidates in their journey toward success.