Kolkata: To improve access to capital for healthcare entrepreneurs in tier II and III cities in India, the US Agency for International Development (USAID) has inked a $10-million loan portfolio guarantee with Dewan Housing Finance Corporation Limited (DHFL).
The partnership was formally inked at an event in Mumbai today by Edgard Kagan, US Consul General in Mumbai and Harshil Mehta, joint MD and CEO of DHFL.
Under the risk-sharing agreement that has been signed with USAID, the Mumbai-based lender will provide up to $10 million to small and medium enterprises operating in the health sector in India. The company said that they will prioritize lending to women entrepreneurs so that they can establish or expand healthcare enterprises and services for their communities.
Speaking on the occasion, Kagan said: “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.”
The partnership will take off with the technical assistance provided by USAID’s flagship “Partnerships for Affordable Healthcare Access and Longevity” (PAHAL) program. The focus will be on Rajasthan, Odisha, Madhya Pradesh, and Chhattisgarh.