KfW Development Bank has signed a USD 340 million agreement with the Industrial Development Bank of India (IDBI) on behalf of the Federal Ministry for Economic Cooperation and Development (BMZ).
The Indian bank will channel USD 300 million of the funds through to microfinance institutions (MFI) and micro and small Enterprises (MSEs) in urban and rural areas for refinancing purposes and to provide capital relief. A lack of access to needs-based financing remains the greatest barrier to growth for Indian micro and small companies. Their financing shortfall is estimated at more than EUR 40 billion. Here the development loan will provide considerable relief.
USD 40 million of the total will be used to realise selected infrastructure projects such as environmentally-friendly water supply and wastewater disposal in municipalities, as well as energy distribution systems within the framework of private-public partnership models.
"With this credit line, KfW is providing the IDBI with an important and broadly effective contribution towards creating income and fighting poverty in India. Growth among small companies triggers local demand and consumption, secures employment and is a key factor in the creation of new jobs", said Dr Norbert Kloppenburg, member of the Executive Board of the KfW Group.
The importance of the almost 30 million Indian micro, small and medium-sized companies of the formal sector is enormous. They generate 45% of industrial production, contribute 40% of the production intended for export and provide employment to over 69 million people.
With a portfolio of EUR 2.3 billion, around three-quarters of which is made up of its own funds, KfW is one of the world's leading microfinance financiers, especially for equity investments and activities in Latin America and Eastern Europe/Central Asia. KfW has already established itself as the leader among the financiers of microfinance institutions in sub-Saharan Africa.
Dr. Charis Pöthig | presseportal
Mathematical confirmation: Rewiring financial networks reduces systemic risk
22.06.2017 | International Institute for Applied Systems Analysis (IIASA)
Frugal Innovations: when less is more
19.04.2017 | Fraunhofer-Institut für Arbeitswirtschaft und Organisation IAO
At the productronica trade fair in Munich this November, the Fraunhofer Institute for Laser Technology ILT will be presenting Laser-Based Tape-Automated Bonding, LaserTAB for short. The experts from Aachen will be demonstrating how new battery cells and power electronics can be micro-welded more efficiently and precisely than ever before thanks to new optics and robot support.
Fraunhofer ILT from Aachen relies on a clever combination of robotics and a laser scanner with new optics as well as process monitoring, which it has developed...
Plants and algae use the enzyme Rubisco to fix carbon dioxide, removing it from the atmosphere and converting it into biomass. Algae have figured out a way to increase the efficiency of carbon fixation. They gather most of their Rubisco into a ball-shaped microcompartment called the pyrenoid, which they flood with a high local concentration of carbon dioxide. A team of scientists at Princeton University, the Carnegie Institution for Science, Stanford University and the Max Plank Institute of Biochemistry have unravelled the mysteries of how the pyrenoid is assembled. These insights can help to engineer crops that remove more carbon dioxide from the atmosphere while producing more food.
A warming planet
Our brains house extremely complex neuronal circuits, whose detailed structures are still largely unknown. This is especially true for the so-called cerebral cortex of mammals, where among other things vision, thoughts or spatial orientation are being computed. Here the rules by which nerve cells are connected to each other are only partly understood. A team of scientists around Moritz Helmstaedter at the Frankfiurt Max Planck Institute for Brain Research and Helene Schmidt (Humboldt University in Berlin) have now discovered a surprisingly precise nerve cell connectivity pattern in the part of the cerebral cortex that is responsible for orienting the individual animal or human in space.
The researchers report online in Nature (Schmidt et al., 2017. Axonal synapse sorting in medial entorhinal cortex, DOI: 10.1038/nature24005) that synapses in...
Whispering gallery mode (WGM) resonators are used to make tiny micro-lasers, sensors, switches, routers and other devices. These tiny structures rely on a...
Using ultrafast flashes of laser and x-ray radiation, scientists at the Max Planck Institute of Quantum Optics (Garching, Germany) took snapshots of the briefest electron motion inside a solid material to date. The electron motion lasted only 750 billionths of the billionth of a second before it fainted, setting a new record of human capability to capture ultrafast processes inside solids!
When x-rays shine onto solid materials or large molecules, an electron is pushed away from its original place near the nucleus of the atom, leaving a hole...
19.09.2017 | Event News
12.09.2017 | Event News
06.09.2017 | Event News
25.09.2017 | Physics and Astronomy
25.09.2017 | Life Sciences
25.09.2017 | Physics and Astronomy