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World Bank, SIDBI to raise Rs 300 crore social impact bonds to fund rural women entrepreneurs

Updated : February 20, 2019 06:18 AM IST

The bonds will enable individual women entrepreneurs to borrow over around Rs 1 lakh at an annual interest rate of 13 percent or less.
The proposed multi-tranche WLB will be raised by SIDBI with the support of the World Bank and the UN Women and through a private placement to impact investors.
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