Northern Arc, one of India’s major debt financiers, announced that it has received a commitment of $50 million in debt financing from the US International Development Finance Corporation (DFC).    The funds will be used by Northern Arc to support the growth and liquidity needs of its institutional clients, as well as for lending purposes to small businesses and individuals, it said in a statement. It will also be deployed to support women entrepreneurship and employment, food security, and water, sanitation, and hygiene, it added.

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