The U.S. International Development Finance Corporation (DFC) and the Agency for International Development (USAID) have provided a series of investments, loans, and grants primarily targeting India and other emerging markets between 2021 and 2025. The DFC allocated funds to various recipients, including venture capital funds such as MHV Fund III, L.P. ($25 million in 2022), Chiratae Ventures International Fund IV LLC ($20 million in 2021), and Ankur Capital Fund III ($15 million in 2023), focusing on early-stage technology startups and high-impact sectors. Significant guaranteed loans were extended to support SMEs, climate-smart agriculture, renewable energy, and healthcare enterprises, including a $250 million direct loan to TP Solar Limited in 2023 for a 4GW solar project. Other loans targeted microfinance portfolios serving rural women, fruit distribution expansion, and electric bike fleet growth. USAID grants supported digital economy initiatives, women's economic empowerment, reproductive health, and democracy reforms, with notable recipients like GSMA Mobile For Development Foundation ($10.98 million in 2023) and Jhpiego Corp ($4.36 million in 2024). Additional grants from the Department of Agriculture and Department of State funded biodiversity conservation, climate change mitigation, and environmental tech camps in India. Loan subsidy costs ranged from hundreds of thousands to several million dollars, supporting the expansion and sustainability of these projects. Overall, these investments reflect a U.S. focus on fostering economic growth, technological innovation, climate adaptation, and social development in emerging markets, particularly India.
Department of State - grant (2022) Recipient: Indo American Education Society Amount: $57,542 Outlayed: $55,209 Purpose: To support EducationUSA advising activities and increase awareness about higher education opportunities in the United States through virtual and in-person
Department of State - grant (2022) Recipient: Red Dot Foundation Global Amount: $34,900 Outlayed: $20,000 Purpose: To engage with 20 colleges in Maharashtra (15 colleges), Goa (2 colleges) and Karnataka (3 colleges) to have a rainbow circle which will focus on DEI on their
The feds may owe more than half a billion taxpayer dollars for backtracking on a policy designed to attract major capital investments to an important Canadian industry. Read more in Bay Street Edition https://t.co/ogER6qMivT