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NeoGrowth, an NBFC specializing in lending to Micro, Small & Medium Enterprises (MSMEs) announced that it has secured funding from the United States International Development Finance Corporation (DFC) for USD 20 million via the External Commercial Borrowing (ECB) route.
This funding commitment is for 5 years with a 2-year moratorium on principal payment and will be utilized for onward lending to SME customers as per ECB guidelines.
