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Northern Arc Raises Inr 40 Crore Debt From Kotak Mahindra Bank to Support Pandemic Hit MSME's and Micro-entrepreneurs

Debt facility backed by guarantees from Michael & Susan Dell Foundation and Rockefeller Foundation
Under-banked households and micro-entrepreneurs across the country with a monthly household income of less than INR 25,000, will be the key beneficiaries of the funding
Chennai, April 19, 2021: Northern Arc, one of India’s leading digital debt platforms, today announced that it has received INR 40 crore of debt financing from Kotak Mahindra Bank, one of the country’s largest private banks. The facility is backed by partial guarantees from The Michael & Susan Dell Foundation (MSDF) and The Rockefeller Foundation. The transaction is part of the covid-response package of both these impact institutions, that aims to alleviate the economic and social impact of the pandemic. ....

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Northern Arc raises ₹40 crore in debt from Kotak Mahindra Bank

Northern Arc raises ₹40 crore in debt from Kotak Mahindra Bank
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Tamil Nadu , Deepali Khanna , Covid Liquidity Fund , Asian Development Bank , Asia Regional Office , Us International Development Finance Corporation , Development Finance Institutions , Rockefeller Foundation , Kotak Mahindra Bank , Michael Susan Dell Foundation , Northern Arc Capital , Northern Arc , Calvert Impact , Development Finance Corporation , Susan Dell Foundation , Smart Power India , Managing Director , தமிழ் நாடு , தீபாளி கண்ணா , ஆசிய வளர்ச்சி வங்கி , ஆசியா பிராந்திய அலுவலகம் , எங்களுக்கு சர்வதேச வளர்ச்சி நிதி நிறுவனம் , வளர்ச்சி நிதி நிறுவனங்கள் , ராக்ஃபெல்லர் அடித்தளம் , கோட்டக் மஹிந்திரா வங்கி , மைக்கேல் சூசன் டெல் அடித்தளம் ,