DEG, a German general development finance institution, has made equity investment of Rs 150 crore ($20 million) in Annapurna Finance, Odisha-based Micro Finance Institution.
Besides improving capital base, DEG investment would be used for enhancing credit formal financing eco-system women borrowers in rural India.
After the first wave of Covid-19, DEG would be the second capital investment raised by the Annapurna, following attracting $30 million investment from Nuveen Global Impact Fund in March 2021.
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