According to NDB documents, the proposed project is expected to have a highly developmental impact by expanding the availability of working capital for MSMEs in India, including smallholder farmers. While most businesses in India have limited access to financing due to numerous market constraints and a financial crisis precipitated by the COVID-19 pandemic, small businesses, and especially smallholder farmers, find it exceptionally difficult to secure financing. The Project will focus on lending to under-served borrowers by targeting 60 percent of its loans to MSMEs located in rural areas, and 40 percent to FPOs and smallholder farmers.
ACCESS TO INFORMATION
Unlike many other development finance institutions, DFC does not currently have an access to information policy.
Under the United States Freedom of Information Act (FOIA), DFC is obliged to respond to reasonably formulated requests for Agency records. However, DFC may apply exemptions from release to certain types of information and may charge fees in responding to requests. DFC has a designated FOIA officer who is trained in how to respond to requests and implement the law. You can learn more about filing a FOIA request at: https://www.dfc.gov/foia
ACCOUNTABILITY MECHANISM OF THE UNITED STATES INTERNATIONAL DEVELOPMENT FINANCE CORPORATION (DFC)
The Office of Accountability is an independent office that addresses complaints about environmental or social issues related to DFC-supported projects. The office provides communities an opportunity to have concerns independently reviewed and addressed. If you submit a complaint to the Office of Accountability, it may assist you by either seeking to address your problems by facilitating a problem solving dialogue between you and those implementing the project and/or investigating whether the DFC complied with its policies to prevent environmental, social, human rights, and labor harms.
You can find more information about the Office of Accountability at: https://www.dfc.gov/who-we-are/office-accountability