The U.S. International Development Finance Corporation (DFC) has announced investments totaling more than USD 272 million to boost economic growth, financial inclusion, and sustainability in India. These funds will support a wide range of initiatives, including small businesses, women entrepreneurs, climate-focused ventures, and key sectors such as agriculture, healthcare, and electric vehicles.
Among the major investments is a USD 40 million loan to APAC Financial Services Pvt. Ltd., which aims to expand lending to low-income and microenterprises. This funding will provide long-term capital to new-to-credit businesses across India.
DFC has also committed USD 19.8 million to Aryatech Platforms Pvt. Ltd., which will support agricultural trade by connecting small farmers and buyers, streamlining financing in the agricultural sector.
DFC is prioritizing women’s empowerment through a USD 50 million loan to InCred Financial Services Ltd. The funds will facilitate lending to women-owned businesses, using a technology-driven approach to reach underserved entrepreneurs. Additionally, Kaleidofin Capital Private Ltd. will receive a USD 5 million loan to expand financial services for underbanked women using AI/ML-based credit scoring.
To promote environmental sustainability, DFC has approved an USD 18 million loan to Mufin Green Finance Ltd. to support India’s growing electric vehicle sector. In addition, USD 10 million will be provided to Nepra Resource Management Pvt. Ltd. for building dry waste recovery and recycling plants, advancing the circular economy and reducing emissions.
Climate-focused businesses will further benefit from a USD 50 million loan to Northern Arc Investments IFSC Trust, which will finance projects in solar energy, green buildings, sustainable agriculture, and e-mobility.
India’s healthcare sector will see a boost with a USD 20 million loan to Panacea Biotec Ltd., enabling the production of 50 million additional doses of the hexavalent vaccine annually. Meanwhile, financial inclusion initiatives include a USD 20 million loan to Satya MicroCapital Ltd. for expanding its microfinance portfolio, specifically targeting rural and semi-urban women. UGRO Capital Ltd. will receive a USD 40 million loan to support lending to small and medium-sized enterprises.
DFC has also allocated nearly USD 300,000 in technical assistance to Lok Capital IV LLC to help portfolio companies improve their impact in areas such as climate adaptation, gender equity, and financial inclusion.
