Citi and the Japan International Cooperation Agency (JICA) have announced a co-financing loan to which bank to fund the farm sector & help in strengthening its lending to the agricultural sector by leveraging its presence in rural areas?
Citi and the Japan International Cooperation Agency (JICA) have announced a co-financing loan to IndusInd Bank to fund the farm sector. This includes a $30 million loan by Citi and JPY 13 billion loan by JICA. This high-impact social finance offering that Citi arranged for IndusInd Bank is expected to improve financial access for farmers and catalyse capital investment in the agricultural sector in India. This project will support the efforts of IndusInd Bank in strengthening its lending to the agricultural sector by leveraging its presence in rural areas.
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Indian farmers have been reeling under financial stress from immemorial time .
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The Army too opposed the embankment, saying it will pose hurdles for their forward movements during military operations.
