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Synopsis The proceeds from this investment will be channeled to retail households and microentrepreneurs with a household monthly income of less than Rs 25,000, Northern Arc said. Getty Images Over the last year, Northern Arc has raised debt from an array of global development financial institutions and impact-investors such as US International Development Finance Corporation, Asian Development Bank, Calvert Impact Capital. KOLKATA: Non-bank lender Northern Arc Capital has received Rs 40 crore of debt from Kotak Mahindra Bank, the company announced Monday. The facility is backed by partial guarantees from Michael & Susan Dell Foundation and 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.

West bengalDeepali khannaUs international development finance corporationRockefeller foundationMichael susan dell foundationAsian development bankNorthern arc capitalSusan dell foundationNorthern arcDevelopment finance corporationCalvert impactKotak mahindra bankMichael amp susan dell foundationமேற்கு பெங்கல்தீபாளி கண்ணாஎங்களுக்கு சர்வதேச வளர்ச்சி நிதி நிறுவனம்