IFC is planning to help Jain Irrigation system in India to set up Sustainable Agro-Commercial Finance Limited which will provide loans to small-scale farmers to help them install micro-irrigation system and improve productivity.
The project is likely to benefit more than six lakh farmers with limited access to credit in the next five years. IFC is a member of the World Bank group.
IFC will invest 2.7 million dollars in equity in Sustainable Agro-Commercial Finance.
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