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.
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morning
YOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more