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States » EastPosted at: Oct 21 2021 12:03PM


HDFC Bank, Mastercard, USAID and DFC Launch $100 Million Credit Facility for Micro, Small and Medium Enterprises (MSMEs) in India

Kolkata, Oct 21 (UNI) HDFC Bank, Mastercard, U.S. International Development Finance Corporation (DFC), and U.S. Agency for International Development (USAID) today launched a
100 million credit facility to promote and encourage small businesses in India to digitize, while also helping Indian businesses, particularly those that are women-owned, to recover from the economic impacts of the pandemic.
COVID-19 has had a disproportionate impact on small businesses, forcing many to close prematurely. Additionally, the accelerated shift to digital payments engendered by the pandemic means that small businesses must adapt to changing market dynamics and consumer preferences to remain competitive and retain customer loyalty.
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Tags: #HDFC Bank# Mastercard# USAID and DFC Launch $100 Million Credit Facility for Micro# Small and Medium Enterprises (MSMEs) in India
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