IFC invests $200m in Mahindra Finance to create a pool to fund MSMEs

IFC invests $200m in Mahindra Finance to create a pool to fund MSMEs

IFC/World Bank HQ. Photo: IFC

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.