By: IPP Bureau
Last updated : August 20, 2021 9:53 am
Caspian Debt has in principle committed up to Rs 35 crores to SAMRIDH’s commercial debt investment pool
Caspian Debt, a provider of debt funding to start-ups and social enterprises, has partnered with USAID-supported SAMRIDH Healthcare Blended Financing Facility to support the expansion of start-ups in the healthcare sector.
Over the last seven years, Caspian Debt has provided loans of over Rs 2,000 crores to 160 companies working in healthcare, small business finance, food and agriculture, education, information and communication technology, for development. It also provided loans aggregating Rs 90 crores to 16 healthcare companies, it said in a statement.
Caspian Debt facilitated their access to an Emergency Credit Line Guarantee Scheme (ECLGS), which provided immediate liquidity for them to continue their operations.
Caspian Debt has, in principle, committed up to Rs 35 crores to SAMRIDH’s commercial debt investment pool.