World Bank Group’s subsidiary International Finance Corp (IFC), on Monday, invested $200 million in Mahindra & Mahindra Financial Services Ltd (Mahindra Finance), as part of its plan to create a dedicated pool of financing for micro, small and medium enterprises (MSMEs) in low-income states. The development-focused investor has earmarked at least $100 million for women-owned MSMEs. While IFC has invested $75 million from its own account and is mobilizing another $125 million as parallel loans, the $100 million for women entrepreneurs will be supported through blended finance from the IFC-Goldman Sachs’ Women Entrepreneurs Opportunity Facility.

(Dealstreet Asia)