The US Agency for International Development (USAID) and Dewan Housing Finance Corp Ltd (DHFL) has signed a $10 million loan guarantee agreement in an effort to benefit small and medium healthcare providers operating in Tier II and III cities in India.
Through this risk-sharing agreement, the DHFL will provide up to $10 million to such SMEs, apart from prioritizing lending to women entrepreneurs.
This partnership will strengthen collaboration with borrowers across the country, especially Rajasthan, Odisha, Madhya Pradesh and Chhattisgarh, especially for the unprivileged communities.
“The USAID-DHFL partnership will boost women’s empowerment by prioritizing them for lending, helping women access loans, and expand and improve the viability of their businesses,” said US Consul-General in Mumbai, Edgard Kagan.
Technical assistance will be provided from USAIDs flagship ‘Partnerships for Affordable Healthcare Access and Longevity (PAHAL)’ programme.
It has already reached 10 million urban poor across seven high priority states in India, said PAHAL Project Director L.M. Singh.