The International Finance Corporation (IFC) , the private sector financial arm of World Bank is planning to make equity investments of $20 million in 'Pragati India Fund'. The 'Pragati India Fund' is a SME focused fund meant to help companies operating in under-developed and low-income states of India. The states are like Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh, Orissa and Uttar ...

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Ayurvedic companies of Karnataka that are known to manufacture A - grade medicines have started to shift their base to parts of northern India, especially in places like Chhattisgarh, Uttarakhand and Bihar. They are forced to take this step due to the growing scarcity of ‘plants with medicinal value’ in the state of Karnataka. This happened due ...

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Exim Bank today stated that it is raising USD 100 million from the Asian Development Bank (ADB) to provide funds to eligible SMEs. The USD 100 million will be help Exim to focus on cluster development  for small and medium enterprises in states like Assam, Madhya Pradesh, Orissa, Uttar Pradesh, Chhattisgarh, Jharkhand, Rajasthan and Uttarakhand," a senior exim ...

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